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Abstract:
The increasing stress on freshwater resources brought about by ever - rising demand and profligate use, as well as by growing pollution worldwide, is of serious concern. The World Bank while commenting on the world water challenge stated that access to water supply services and sanitation is a major factor in reducing child mortality. Water, apart from being absolutely essential for life, is also the most common, most widely distributed and most useful liquid on earth. It is the most precious natural resource that exists on our planet According to a report, Nigeria water supply situation has not kept pace in meeting the Millennium Development Goal (MDG) target of 75% coverage for safe drinking water. To achieve the MDG target, Nigeria must increase the rural population with access to improved drinking water by 33%. Packaged and bottled water businesses in Nigeria suffer from various economic challenges such as high cost of production, epileptic power supply, distribution problems, littering or environmental pollution, integrity, quality, inspection or business feasibility concerns and inefficacy of government regulatory bodies. The aim of this research paper is to examine and discuss Economic Impacts of Packaged and Bottled Water Businesses in Nigeria with a view of identifying the Economic Impacts and to extend the existing literature on Economic Impacts of Packaged and Bottled Water Businesses in Nigeria. The main sources of data were journals, conference / seminar / workshop papers, text books, newspapers, magazines and the internet sources etc., which were used to review literatures in the Water Business field. The result shows that the economic impacts of packaged and bottled water businesses identified in this work were as follows: a business that provides business opportunities; it engages small scale packaged and bottled water manufacturers; it provides employment opportunities; it provides profits and wages; it offers a medium of economic growth; it provides a source of revenue to the government e.g. Tax etc. and it provides water at affordable prices. These impact Nigerians economically and also the business environment from which they operate.
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