Planning to Fail or Failing to Plan: Institutional Response to Nigeria's Development Question

Osabuohien, Evans; Efobi, R. Uchenna,; Salami, Adeleke (2012), Planning to Fail or Failing to Plan: Institutional Response to Nigeria’s Development Question, Working Paper Series N° 162 African Development Bank, Tunis, Tunisia.

27 Pages Posted: 8 Jan 2014 Last revised: 22 Jan 2014

See all articles by Evans Osabuohien

Evans Osabuohien

Covenant University

Uchenna Efobi

Covenant University

Adeleke Oluwole Salami

African Development Bank

Multiple version iconThere are 2 versions of this paper

Date Written: January 7, 2014

Abstract

Despite recent interest in the interplay between institutions and economic growth, country studies in developing countries particularly relating to planning has not been given considerable attention. This forms the main motivation for this study, which evaluates the economic planning in Nigeria and discusses how institutions play influential roles on the kind of economic outcomes emanating from planning. It draws comparative analyses from Botswana and South Korea based on the fact that Nigeria had similar planning trajectory as they all had regular fixed-term development plans in the 1960s and 1970s. Nigeria had her five-year development plans the same time with South Korea starting with the 1st phase (1962-1966). Whereas South Korea’s five-year plans continued, that of Nigeria was truncated in 1985 with the advent of Structural Adjustment Programme. Institutions in Botswana and South Korea have also been noted as key for their economic development. The study underscores the need for Nigeria to pursue the improvement her institutions that will provide supportive role to planning as any planning void of adequate institutional ‘pillars’ will not deliver the expected development outcomes irrespective of the coverage and how well nuanced. Thus, it is not that Nigeria planned to fail nor failed to plan but the failure associated with her planning paradigms is weak institutions, among others.

Keywords: Economic development; Institutions; Macroeconomic objectives; Planning

JEL Classification: E61; O43; P48

Suggested Citation

Osabuohien, Evans S. C. and Efobi, Uchenna and Salami, Adeleke Oluwole, Planning to Fail or Failing to Plan: Institutional Response to Nigeria's Development Question (January 7, 2014). Osabuohien, Evans; Efobi, R. Uchenna,; Salami, Adeleke (2012), Planning to Fail or Failing to Plan: Institutional Response to Nigeria’s Development Question, Working Paper Series N° 162 African Development Bank, Tunis, Tunisia., Available at SSRN: https://ssrn.com/abstract=2375681 or http://dx.doi.org/10.2139/ssrn.2375681

Evans S. C. Osabuohien

Covenant University ( email )

P.M.B. 1023
Km 10 Idiroko road
Ota, Ogun State 234
Nigeria

Uchenna Efobi (Contact Author)

Covenant University ( email )

P.M.B. 1023
Km 10 Idiroko road
Ota, Ogun State 234
Nigeria
+48036273494 (Phone)

Adeleke Oluwole Salami

African Development Bank ( email )

Rue Joseph Anoma
Abidjan, Ivory Coast 01 BP 1387
Ivory Coast (Cote D'ivoire)

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