Published 2025-03-06
Keywords
- Assessment,
- Plastic,
- Waste,
- Wealth
How to Cite
Copyright (c) 2023 Academic Journal of Science, Engineering and Technology
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Abstract
The study examined the assessment of Plastic Waste and Wealth in Abakaliki Urban Area, South East Nigeria. The specific objective sought to; Examine the effect of Plastic Lifecycle Analysis on the Wealth creation and evaluate the effect of Environmental Impact on the Wealth creation in Abakaliki Urban Area, South East Nigeria. The study adopts a quantitative study. A primary source of data was adopted for the study. A well structure questionnaires was use to collect data. The questionnaires were design in line with a five-point Likert scale. The data was analysed using the structural equation modeling technique with the aid of SmartPLS 4.0. The study revealed that plastic lifestyle has significant positive effect on wealth creation given that β=0.218 and P <0.001. While environmental impact has significant positive effect on wealth creation given that β=0.240 and P <0.001. The study concluded that the assessment of Plastic Waste has significance positive effect on the Wealth in Abakaliki Urban Area, South East Nigeria. We recommended that the government should identify and invest in companies that are actively adopting sustainable and eco-friendly plastic alternatives. With the growing global focus on environmental responsibility, businesses in this sector are likely to experience increased demand, leading to potential returns for investors.
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