Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari
Economic policies are drivers of development. The President Muhammadu Buhari-led administration in Nigeria (2015–2023) recognized that the economy is likely to remain on a path of steady and steep decline if nothing is done to change the trajectory of declining economic growth. This concern led to t...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Social Sciences |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23311886.2023.2289600 |
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| author | Bassey Ekpenyong Anam Uno Agbor Ijim Virginia Emmanuel Ironbar Abang Pius Otu Otu Offiong Duke Maxwell-Borjor Achuk Eba |
| author_facet | Bassey Ekpenyong Anam Uno Agbor Ijim Virginia Emmanuel Ironbar Abang Pius Otu Otu Offiong Duke Maxwell-Borjor Achuk Eba |
| author_sort | Bassey Ekpenyong Anam |
| collection | DOAJ |
| description | Economic policies are drivers of development. The President Muhammadu Buhari-led administration in Nigeria (2015–2023) recognized that the economy is likely to remain on a path of steady and steep decline if nothing is done to change the trajectory of declining economic growth. This concern led to the initiation of the Economic Recovery and Growth Plan. The objective of the paper is to examine the experience of the Nigerian economy with the plan. This is desk research. Data are obtained from secondary sources and analyzed through content analysis. It leverages extant literature and the publication of the National Bureau of Statistics (2017), Budget Office of the Federal Republic of Nigeria (2020), and Nigeria Economic and Sustainability Plan (2020) to discuss the framework and implementation of the Economic Recovery and Growth Plan (ERGP), Economic Sustainability Plan and the National Development Plan, in Nigeria. The results of the content analysis show that certain affect the effective implementation of the economic plan. The challenges include a lack of policy continuity, weak institutions and corporate governance, and inadequate funding of policy goals, among other things. By implication, the contributions of the policies to national development have not been significant. The paper advocates the need for the present administration to support the goals of the National Development Plan, by funding the policy goals and strengthening the administrative framework of the bureaucracy for effective performance and sustainability. |
| format | Article |
| id | doaj-art-ff590eb51ac54a55aeb4c2d8fea5a1bc |
| institution | Kabale University |
| issn | 2331-1886 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Social Sciences |
| spelling | doaj-art-ff590eb51ac54a55aeb4c2d8fea5a1bc2025-08-20T04:03:25ZengTaylor & Francis GroupCogent Social Sciences2331-18862024-12-0110110.1080/23311886.2023.2289600Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu BuhariBassey Ekpenyong Anam0Uno Agbor Ijim1Virginia Emmanuel Ironbar2Abang Pius Otu3Otu Offiong Duke4Maxwell-Borjor Achuk Eba5Institute of Public Policy & Administration, University of Calabar, Calabar, NigeriaDepartment of Public Administration, University of Calabar, Calabar, NigeriaDepartment of Continuing Education and Development, University of Calabar, Calabar, NigeriaDepartment of Public Administration, University of Calabar, Calabar, NigeriaDepartment of Public Administration, University of Calabar, Calabar, NigeriaDepartment of History and International Studies, University of Calabar, Calabar, NigeriaEconomic policies are drivers of development. The President Muhammadu Buhari-led administration in Nigeria (2015–2023) recognized that the economy is likely to remain on a path of steady and steep decline if nothing is done to change the trajectory of declining economic growth. This concern led to the initiation of the Economic Recovery and Growth Plan. The objective of the paper is to examine the experience of the Nigerian economy with the plan. This is desk research. Data are obtained from secondary sources and analyzed through content analysis. It leverages extant literature and the publication of the National Bureau of Statistics (2017), Budget Office of the Federal Republic of Nigeria (2020), and Nigeria Economic and Sustainability Plan (2020) to discuss the framework and implementation of the Economic Recovery and Growth Plan (ERGP), Economic Sustainability Plan and the National Development Plan, in Nigeria. The results of the content analysis show that certain affect the effective implementation of the economic plan. The challenges include a lack of policy continuity, weak institutions and corporate governance, and inadequate funding of policy goals, among other things. By implication, the contributions of the policies to national development have not been significant. The paper advocates the need for the present administration to support the goals of the National Development Plan, by funding the policy goals and strengthening the administrative framework of the bureaucracy for effective performance and sustainability.https://www.tandfonline.com/doi/10.1080/23311886.2023.2289600economic Recovery and Growth Planeconomic Sustainability PlanNational Development Plan |
| spellingShingle | Bassey Ekpenyong Anam Uno Agbor Ijim Virginia Emmanuel Ironbar Abang Pius Otu Otu Offiong Duke Maxwell-Borjor Achuk Eba Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari Cogent Social Sciences economic Recovery and Growth Plan economic Sustainability Plan National Development Plan |
| title | Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari |
| title_full | Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari |
| title_fullStr | Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari |
| title_full_unstemmed | Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari |
| title_short | Economic recovery and growth plan, economic sustainability plan and national development plan (2021-2025): The Nigerian experience under President Muhammadu Buhari |
| title_sort | economic recovery and growth plan economic sustainability plan and national development plan 2021 2025 the nigerian experience under president muhammadu buhari |
| topic | economic Recovery and Growth Plan economic Sustainability Plan National Development Plan |
| url | https://www.tandfonline.com/doi/10.1080/23311886.2023.2289600 |
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