STATE AND IMPLEMENTATION OF THE ECONOMIC RECOVERY AND GROWTH PLAN

TRANSITION FROM POLICY TO PLANLESS STRATEGY

  • Aloysius-Michaels Okolie University of Nigeria, Nsukka, Enugu State of Nigeria
Keywords: Economic Recovery, vicious cycle of misery, industrialization focusing on Small and Medium Scale Enterprises

Abstract

The paper evaluated the contents and substance of the Economic Recovery and Growth Plan and the prospects for stimulating citizen-based development. As part of the grundnorm, the Plan focused on tackling constraints to growth, leveraging on the power of the private sector, promoting national cohesion and social inclusion, allowing markets to function and upholding core values. Therefore, the Plan seeks to stabilize the macroeconomic environment, achieve agriculture and food security, ensure energy sufficiency (power and petroleum products), improve transportation infrastructure and drive industrialization focusing on Small and Medium Scale Enterprises. The paper therefore analyzed the prospect of the new Plan in achieving the stipulated goals of advancing sustainable and autochthonous development. The paper was predicated on the basic propositions extracted from Marxian political economy method of analysis - dialectical materialism. The study scooped data from documentary method. Content analysis and logical induction formed the framework for data analysis. Fundamentally the paper shall pursue the thesis that the disparate economic structure based on received development soothsaying and bestial repudiation of state of being of the recipient nationals and their material conditions have reverted development planning and execution towards satisfying external needs and sacrificing material self reproduction of the citizens. The end product remains recycling of vicious cycle of misery, development imbecility and amputated development conditions. Among others the paper recommends instituting decentralized development models that are regional based and directed towards maximizing human capacity transmutations and inherent communal holdings that are aggregated towards state-based production centers.

Author Biography

Aloysius-Michaels Okolie, University of Nigeria, Nsukka, Enugu State of Nigeria

Department of Political Science

Published
2019-05-08
How to Cite
Okolie, A.-M. (2019). STATE AND IMPLEMENTATION OF THE ECONOMIC RECOVERY AND GROWTH PLAN. SOUTH EAST JOURNAL OF POLITICAL SCIENCE, 4(1). Retrieved from http://journals.aphriapub.com/index.php/SEJPS/article/view/816