Economic Melt Down: Diversifying the Nigerian Economy through Investment in Green Infrastructure

Economic melt- down or recession is a decrease in less than 10% of the country's Gross Domestic Product (GDP).The GDP is defined as the sum of private spending and government spending on goods, services ,labour and investment. Economic melt-down is characterized by reduction in socio-economic lives of people, stock capital exchange, the purchasing power of the people, increase in cost of goods and services, loss of jobs, unemployment etc. The government is concentrating on a-meliorating this condition through stimulus package of infrastructure projects, deregulation of the down- stream sector of the oil industry etc. However the poor socio-economic lives of the people have brought greater dependence on environmental resources, thus reducing the amount of germplasm. This paper recommends that government should include green infrastructure in the annual budget as roads and other public works. Green infrastructure should be an integral part of the development. Environmental education must be given a priority.