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The Economics of Politics vs. the Politics of Economics: Nigerian Case

41 Pages Posted: 8 Feb 2011  

Godwin Chukwudum Nwaobi

University of Abuja, Nigeria - Department of Economics

Date Written: February 6, 2011

Abstract

Indeed, the recent emphasis on eco-political governance is Nigeria is unique in that it was initiated by external donors (international organizations) and not by domestic leaders under pressure from their own constituencies. Thus, while Nigeria have embraced the market economy and liberalized their policies; issues related to political participation, democracy and institution building have proven harder to tackle. This paper therefore argued that government must devote resources and political will to overcoming the harsh poverty experienced by the majority of Nigerians. In this regard, the emerging participatory e-development and traditional development strategies should not be seen as mutually exclusive but rather complementary (so as to avert the status of a failed state).

Keywords: politics, economics, corruption, economy, Nigeria, e-development, ICT, participation, governance, policies, development, resources, new economy, financial crisis, poverty, economic management, electoral process, technology

JEL Classification: P12, P26, O33, O38, O3

Suggested Citation

Nwaobi, Godwin Chukwudum, The Economics of Politics vs. the Politics of Economics: Nigerian Case (February 6, 2011). Available at SSRN: https://ssrn.com/abstract=1756273 or http://dx.doi.org/10.2139/ssrn.1756273

Godwin Chukwudum Nwaobi (Contact Author)

University of Abuja, Nigeria - Department of Economics ( email )

Quantitative Economic Research Bureau
107 okigwe road
ABA, 7173
Nigeria
234-8035925021 (Phone)

HOME PAGE: http://www.quanterb.org

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