AN EVALUATION OF THE OBJECTIVES AND PLANNING PHILOSOPHY OF NIGERIA’S DEVELOPMENT PLAN 2021-2025
- Onoho’Omhen Ebhohimhen
- ( paper pages. 335 - 364 )
Abstract
This article evaluated
the objectives and planning philosophy of the National Development Plan
2021-2025 and compared it with the medium-term development programmes between
1946 and 1985. With secondary resources and a qualitative methodology of
interpretive and content analyses, the study found that the current plan
embraces counter-development outlines and diverges from the fundamental
transformation of the socio-economy. The plan also failed to embrace the
culture of federalizing centres of economic actions entrenched in the previous
plans from 1955 to 1985. Overall, the current plan neglected to adapt the
tested Lewis model of economic development with unlimited supplies of labour.
It is important to revise the plan early to take into account the need to
transform the traditional and modern sectors of the economy and leverage the
rapid growth of the population as a source of development.
Citation
Onoho’Omhen Ebhohimhen.
2023.
"AN EVALUATION OF THE OBJECTIVES AND PLANNING PHILOSOPHY OF NIGERIA’S DEVELOPMENT PLAN 2021-2025"
The Nigerian Journal of Economic and Social Studies,
65 (3): 335 - 364.
JEL Classification
O20, O21, 024, E61, E69
