Hope C. Ihekwaba (PhD)


Political economy is concerned with the study of nation’s production, trade and general services and their relationship with the law and the government. It also studies how different economic theories influence and shape the nature and structure of different socio-economic system. In a broader sense, political economy has to do with advice from economic experts to the government on general economic policies and on certain specific proposal created by politicians.  This paper titled “political economy and national development in Nigeria: An historical survey” seeks to examine among others, the Nigerian economic crisis since independence in 1960; Nigerian national development history since 1960; constraints to national development in Nigeria; the political economy of Nigeria: issues and challenges since 1960; political economy and national development. The paper concludes by pointing out that our nation’s political leaders have not explored the gains of political economy for the achievement of national development. They are still busy enacting economic policies that will only favour the elite or few privileged individuals in the society without minding its ultimate effect on the economy and national development. It thus recommends that the government should ensure that only public friendly economic policies should be enacted, effectively implemented and monitored to ensure maximum impact on our national development.


Politics, Economy, Economic Policies, National Development, Historical Survey.

Full Text:



Adewale, A. R. (2011). “The political economic and social dynamics of Nigeria: A Synopsis” AISA Policy Brief No. 39 February.

Anaele, C. O. & Njoku, N. L. (2002). Africa’s Sopcio-economic crisis: Whose blame is its anyway? In NL Njoku & E. C. Njoku (Eds) Nigeria and the rest of Africa in a global world order (pp 101 – 120). Owerri: Avan Global Publications.

Ezenwa, L. (2007). Issues in educational management, Enugu: Hipkus Press.

Georgewill, A. O. (2012). Crude oil sweet and sour effort at mitigating the toxic effects. Port Harcourt: University of Port Harcourt Press.

Maduagwu, A. (2000). Growing up in Oguta: The economics of rural poverty in Nigeria. Lagos: African Economic Analysis

Mezieobi, S. A. & Anyanwu, J. (2013). “Over population: The deleterious consequences on Nigeria’s national development process”. IAUE Journal of Social Sciences, 10(3): 85 – 98.

Ndubuisi, J. O. (2002). Towards a better development planning for Nigeria and the rest of Africa. In NL Njoku & E. C. Njoku (Eds) Nigeria and the rest of Africa in a global world order (pp 1 – 24). Owerri: Avan Global Publications.

Nwadike, J. (2012). “Government agricultural policies in Nigeria: Toward industrial development, 1976-2007”. Kpakpando, Journal of History and International Studies, 1(1): 1-25.

Nye, O. & Nwaeke, J. O. (2016). Implications of Petroleum Subsidy on microeconomics performance in Nigeria. Social Trend, Journal of the National Association of Social Educators, 19 (10): 66-76.

Obikeze, O. S. A. & Obi, E. A. (2004). Public administration in Nigeria. Onitsha: Book Point Ltd.

Offiong, D. A. (1980). Imperialism and Development. Enugu: Fourth Dimension Publishers.

Okafor, V. E., Onwudufor, F. O. F. & Nnoruga, A. S. (2013). “Violence against women: Socio-cultural impediments to national development”. IAUE Journal of Social Sciences, 10 (3): 129-143.

Thom-Otuya, E. N. & Ereme, V. T. (2013). “The role of the state in promoting the impediments to national integration in Nigeria”. IAUE Journal of Social Sciences, 10 (3): 183-2016.

Uche, A. C. (2011). Christian and Islamic ethics and the development of Nigeria, 1960 – 1999. Owerri: Applause B Multi-Sections Ltd.

Udeke, U. & Okolie, O. J. (2012). The Role of the Federal Government of Nigeria in the Petroleum Industry, 1960 – 1985. Kpapando Journal of History and international Studies, 1(1): 26 – 40.

Ukanwoke, N. (2002). Regional Integration in the West African Sub-Region: The Achievements and Problems of ECOWAS. In NL Njoku & E. C. Njoku (Eds) Nigeria and the rest of Africa in a global world order (pp 55 – 63). Owerri: Avan Global Publications.


  • There are currently no refbacks.

Copyright (c) 2022 Hope C. Ihekwaba (PhD)



ISSN: 3027-0510 (Online)




Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.