Government - Business Relations and Macroeconomic Growth in Nigeria
African Journal of Management and Administration, Volume 6, Number 3, 2013, (ISSN: 2141-0143)
7 Pages Posted: 16 May 2016
Date Written: 2013
Abstract
Government - business relations as a discipline can be anchored within the focus of political economy of nations. This paper investigates government - business relations in Nigeria between 2003–2011 as encapsulated in various economic reforms programmes of government. The objective of the paper is to examine how far government - business relations in Nigeria has accelerated or impeded economic growth between 2003 – 2011. The paper adopted the content analysis of library materials, publications, internet materials and other documented researches pertaining to the subject matter as its methodology. The paper found that even though some achievements had been recorded in the reform programmes resulting in macroeconomic stability and growth, a lot still has to be done by government in bridging infrastructural gap to stimulate sustainable growth, building strong institutions to promote businesses and fighting endemic corruption in the country. Paper recommends that government has to improve on the ease of doing business index in which Nigeria is ranked 133rd out of 183 nations in 2012. The security situation needs vigorous improvement and more ethical reorientation is required to stem the tide of unethical business practices all of which adversely affect economic growth.
Keywords: Economic reforms, Strategic plans, Economic growth
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