NATIONAL ECONOMIC EMPOWERMENT AND DEVELOPMENT STRATEGY

ABSTRACT

This project work assesses National Economical Empowerment and Development in Nigeria. The research work reveals that in spite of the amount of resources compiled with the dedication, each leadership that emerged on national science attached to attaining the goal of National Economic Empowerment and Development Strategy.

In the final analysis, we do realize that the implementation was done half harzardly which instead of booming the economy tend to stagnant, it due to the length of corruption and policy in stability in the country. The research work finally recommends an aid in solving the protracted problem of National Economy Empowerment and Development strategy whereby efforts are also made to examine in the policies of National Economic Development.

CHAPTER ONE

1.0 Introduction

Public policy can be referred to as those definite acts or actions of government, geared toward the fulfillment of the obligations of government on the citizens that is the maintenance of law and order and the provision of necessary social and economic facilities needed for an enhanced standard of living of the people.

According to Nwizu (1998), he analyses the research system and recorded an administrative procedure to make decision, allocate resources, implement policies and in general to do with things expected of them in the constituencies.

Finally, we say that this project of National Economic Empowerment and Development Strategy (NEEDS) as a panacea to the problems of economic policy in Nigeria on the four key strategies which are;

Poverty Reduction
Wealth Creation
Employment Generation
Values of reorientation which can also critically analyze the policy and will still offer solution on how to realize economic effectiveness and efficiency in the Nigeria policy.

1.1 Background Of The Study Of Need

This can be regarded as a series of steps taken by the government to problems, make decision, allocate resources of value, implement policies and in general to do the things expected of them by their constituencies as also started by some researchers.

Since Her independence in 1960, Nigeria leaders have made a lot of public policies regarding its economy. Most of these policies never saw the day light talk of being implemented was done half hazardly, which is lead of boosting the economy tend to stagnant it and thereby cause more problems to the economy it was meant to allocate.

According to Nwoye (2000), the programmes are value draw on the vision 2010 report, which recognized the importance of respect for elders, honesty and accountability, co-operation, industry, discipline, self confidence and moral courage. Before the restoration of democracy, Nigeria suffered setbacks that banished its reputation. The primary aim of NEEDS is to create a new Nigeria citizen who values handwork and who realizes that one cannot have something for nothing.

Achieving this aim may be the stronger action Nigerian can take to build a better future for its people. The problem bedeviling Nigerian economic policies have been traced to corruption which has been virtually institutionalized to the point where both the formal and informal organizations have severally and collectively colluded to deplete the resources of the country, the formal and informal referred to have are private, non governmental and governmental organizations that collaborated in siphoning of public funds meant for economic development of the nation.

Nevertheless, the Obasanjo democratic government have decided to come with an all embracing and all encompassing economic reform policy that is geared towards over hulling and realizing the objectives of every other governmental policy that have been initiated by every possible means.
As it has been said NEEDS as a panacea to the problems of economic policy in Nigeria on four key strategies;

Poverty reduction
Wealth creation
Employment generation
values of reorientation

1.2 Statement Of The Problem

The main task of this project is therefore to examine the Obasanjo’s economic policies, Need examine its prospect to transform the Nigeria economy and proffer solution in the realization of it set objectives in the alleviating the suffering of the Nigeria populace and rejuvenating the already bastardized economy.

The problem facing policies on National development have been traced to the corruption, which has been virtually institutionalized in the Nigeria polity. There has been complaints and condemnation about the non realistic economic policies geared towards national development. The above features have been legacies of the decades of corruption and mismanagement especially during the military administrations.

Government readily becomes an instrument for instant acquisition of wealth and therefore distorted the incentive to work and create wealth in the private sector with the government as the major source of patronage and rent, seeking fight for public office becomes a matter of life and death.

And those creates disincentive for private enterprises, transparency and accountability regime changes and frequent changes in policy were the features of the past military dictatorship simple means weak, institution endured. These and others created lack of vision for the development and commitment of policy formation, implementation and evaluation. It is against the above background that this study tends to raise the following questions;

What are the various ways mapped out for achieving the NEEDS policy?
Is the National Economic Empowerment and Development Strategy policy anchored developing and empowering Nigerians economically?
What are the factors impending the realization of Nigeria economic policy objectives?

1.3 Objectives Of The Study

To ascertain why most Nigeria’s economic policies and objectives are not realized within the last decade.
To ascertain the nature and prospect of Obasanjo’s economic reform policies specially the National Economic Empowerment and Development Strategy (NEEDS).
To ascertain whether there is any relationship between poor implementation of policies geared towards achieving the goals of NEEDS and economic hardship in Nigeria.
To examine the implementation process of the National Economic Empowerment and Development Strategy (NEEDS).

1.4 Significance Of The Study

This study will provide a redial breakthrough which NEEDS will achieve its expected goal of National economic development which has been the principal agency to tribal wars since independence.

Furthermore, this study signifies the importance attached to nullify and eradicate poverty and limitlessness in the Nigeria policy. That is why numerous campaigns have been launched against poverty and other vices like corruption, which is the major devastating factor in nation development.

The solution proffered in the study will be of immense benefit and advantage to governmental and non governmental organization in eschewing the social backwardness. This study will also serve as a contribution to knowledge.

1.5 Scope Of The Study

The scope of this research work is wide in that it strives to cover or discuss the most encompassing of all economic policies enunciated by the Obasanjo’s democratic leadership from its time of inception in 1999 to 2007. It will also highlight the various stages that National Economic Empowerment Development Strategy (NEEDS) has gone to the economic development of the nation.

1.6 Research Question

What are the factors impending the realization of Nigeria economic policy objectives?
Is the National Economic Empowerment and Development Strategy policy anchored in developing and empowering Nigerian economically?
What are the various ways mapped out for achieving the NEEDS policy?

1.7 Limitation Of The Study

Due to the conundrum encountered on this project they
Were few like transport cost which is high, less information gotten from the material, lack of time for proper consultation of the work due to the conclusion date that is fast approaching.

1.8 Definition Of Terms

Definition of basic concept is necessary since it aids us in the economy of language at the same time of expression, they are basic foundation of all human communication and other taught.

Concepts are used to convey special meaning and they are easily comprehensive by other people from the different field they are;

Implementation:

Here, this means a large important organization that has been officially decided by a political class or group of people.

Institution:

This means a large important organization that has purpose or a goal to achieve.

Goals:

The object one’s effort, or a target.

Corruption:

Corruption here means the illegal appropriation of public fund through the instrument of political power and office. It can also means the use of ones official position for personal interest.

Policy:

This means a plan of action proposed by government political party concerning the selection of goals and method of attaining them.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

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TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE
1.0 Introduction
1.1 Background of study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Significance of the study
1.5 Scope of the study
1.6 Research Question
1.7 Limitation of the study
1.8 Definition of terms
CHAPTER TWO
2.0 Introduction
2.1 Literature Review
CHAPTER THREE
3.0 Research Method
3.1 Research Design
3.2 Study Area and Population
3.3 Sample and Sampling Technique
3.4 Validation of instrument
3.5 Method of Data collection / instruments
3.6 Method of Data Analysis
CHAPTER FOUR
4.0 Introduction
4.1 Absence of a viable institution capacity
4.2 Policy instability hinders the attainment of economic goals (Ideals One)
4.3 Corruption hinders that attainment of economic goals (Idea two)
CHAPTER FIVE
5.0 Summary
5.1 Recommendations
5.2 Conclusion
REFERENCES
APPENDIX
Questionnaire

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