Good Governance and Economic. Development in Nigeria 2010 – 2015: A Critical Review

Abstract

The study examines good governance and economic development in Nigeria between 2010 and 2015. Findings revealed that good governance brings development and good life while bad governance brings underdevelopment, poor standard of living and poverty that breeds crimes. Further findings revealed that in Nigeria where the state resources are not managed in a manner that is open, transparent, accountable and equitable, where civil society and government institutions are weak and the state is often repressible, good governance cannot thrive. The study relied on secondary sources of data as its veritable tool of analysis. The main objective of this study is to ensure good governance in both public and private sectors so as to have all round development that will meet the felt needs, yearnings and aspirations of citizens.  The framework of analysis upon which this study is anchored is the system theory. The study concludes that governance can be promoted by entrenching the rule of law, improve efficiency and accountability in public sector, tackling corruption, creating enabling environment for investment and implementing sound policies that are people and development oriented. The study recommends that for development to take place in Nigeria there should be a visionary leader who will make good governance top priority and with ability to interact with his environment and harness both human and natural resources that will meet our socio-economic needs.