Sebastian Orafaga Bii
Department of Economics
College of Education, Katsina-Ala
The economic impact of climate change is measured as the extent to which the climate of a given period affects social welfare in the period. Grim descriptions of the long-term consequences of climate change have given the impression that the climate impacts from green house gases (GHGS) threaten long term economic growth and development and hence future welfare. Adaptation to climate change is becoming increasingly important in the political and scientific debate. The reason for this is that climate change impacts are visible already today and will intensify in the next decades. The economic analysis of adaptation allows us to distinguish between autonomous adaptation by private agents on the one hand and collective adaptation measures by government entities on the other. The article posits that a differentiated adaptation strategy by consumers, producers, and policy makers requires more research into the climate impacts on different sectors of life in the Nigerian economy.