ENOBONG D. UMOH1,
LAWRENCE I. EDET2* & VICTOR E. ITA3
Department of Political Science & Public Administration,
University of Uyo-Nigeria
Consolidating on the existing theoretical formulation of political economy, various scholars have stated that every seemingly economic activity is interwoven with political considerations and other variables. The thesis of this paper is that the New Partnership for Africa’s Development (NEPAD) is not a better and/or alternative development strategy for Africa and Nigeria in particular. This statement is predicated upon the lack of political will on the part of Nigerian leaders to carry out drastic or radical economic and political policies that will direct economic development, lack of state autonomy, lack of good governance, lack of good leadership with vision under conditions of democratic, just and peaceful development and lack of political capacity, amongst others. Perhaps, the most serious of these deficiencies is Nigeria’s lack of the kind of leadership that could marshal a profound vision of the country’s economic transformation. An analysis of a wide spectrum of literature and the situation on ground indicate that NEPAD is intrinsically and extrinsically bound to fail. The main recommendations/conclusion inter-alia is that Nigerian State should take certain mandatory and mediatory steps/measures with a view to making the objectives of NEPAD attainable, achievable and realizable.