The Economy and Democracy: Viability and Challenges for Sustainable Democratisation in Nigeria

Abstract

This paper, critically, examines the viability for developing sustainable democracy in Nigeria against the background of the country's enormous economic potentials and the economic reforms introduced following the return of democracy in 1999. On this context, the paper argues that the greatest challenge for developing a sustainable functional democracy in Nigeria is not only continual exploitation of these diverse economic potentialities, but translating them and the gains of the reforms into real and tangible benefits and spread to all the structures of the population and the state.

NESG Economic Indicators Vol. 12 (4) 2006: pp. 46-55