Nigerian Economy, Leadership Factor and National Development

A Study in Hermeneutics

Abstract

Ordinarily, the economy of a nation should function as the backbone of its development in different ways – educationally, scientifically, technologically, morally, agriculturally, socio-politically and infrastructurally. However, this does not seem to be the case with Nigeria. Using the hermeneutics method, this work discusses how Nigerian economy has not really helped to advance national development. The work opines that the mismanagement of the Nigerian economy over the years has had calamitous results. The paper blames the problem basically on bad leadership. It makes recommendations and concludes that for Nigerian economy to engender national development, the leadership must address the issues of unemployment, nepotism, corruption and insecurity.