THE IMPLICATIONS OF POLITICAL LEADERSHIP ON THE ECONOMIC DEVELOPMENT OF NIGERIA, 1999-2019
Onwunyi, Ugochukwu Mmaduabuchi & Nwobu, Chukwudi Michael
Department of Public Administration, Paul University, Awka
Department of Political Science, Chukwuemeka Odumegwu Ojukwu University
Email: ugochukwu.onwunyi@gmail.com,
nwobuchukwudimichael@gmail.com
ABSTRACT
The economic development or under-development of a state is directly and indirectly affected by the nature of political leadership present. Inefficient or misdirected political leadership has tentatively become one of the biggest obstacles to the economic development of Nigeria. From the lack of efficient and workable economic policies to heavy dependence on crude oil, tribal politics, the menace of insurgency, bribery and corruption, infringement on human rights, neglect of other sectors like education, health, transportation, science and technology and lackadaisical attitude of the administrators to the masses, the economy of the Nigerian state has taken a downturn for the worst. This has led to the devaluing of the Nigerian currency, dwindling of foreign exchange and the subsequent fall in standard of living. This paper therefore focused on the relationship between political leadership and economic development in Nigeria on one hand and proffering solutions that will enhance effective political leadership which will lead to the salvaging of the Nigerian economy on the other hand, 1999-2019. The methodology of research was qualitative while the trait theory of leadership formed the framework for the study. Arising from the above, the paper was able to find out that there is an absence of synergy among the three arms of government in Nigeria which is evident in cases where each arm acts on its own whims and caprices, and not serving as recourse when necessary. The study recommended that there is need for the Executive to work closely with the National Assembly to expedite action on some priority legislation needed to spur economic development. On another hand, there is need for greater clarity and consistency with respect to government’s policy direction. There is no gainsaying that our current economic woes were to some extent caused by the absence of economic policy leadership and confidence.
Keyword: Economy, Development, Politics, Leadership, Nigeria
