Government - Business Relations and Macroeconomic Growth in Nigeria

African Journal of Management and Administration, Volume 6, Number 3, 2013, (ISSN: 2141-0143)

7 Pages Posted: 16 May 2016

See all articles by Michael A. Ikon

Michael A. Ikon

Madonna University, Okija, Nigeria - Department of Business Administration

Hope Nzewi

Nnamdi Azikiwe University

Obianuju Chiekezie

Nnamdi Azikiwe University Awka

Date Written: 2013

Abstract

Government - business relations as a discipline can be anchored within the focus of political economy of nations. This paper investigates government - business relations in Nigeria between 2003–2011 as encapsulated in various economic reforms programmes of government. The objective of the paper is to examine how far government - business relations in Nigeria has accelerated or impeded economic growth between 2003 – 2011. The paper adopted the content analysis of library materials, publications, internet materials and other documented researches pertaining to the subject matter as its methodology. The paper found that even though some achievements had been recorded in the reform programmes resulting in macroeconomic stability and growth, a lot still has to be done by government in bridging infrastructural gap to stimulate sustainable growth, building strong institutions to promote businesses and fighting endemic corruption in the country. Paper recommends that government has to improve on the ease of doing business index in which Nigeria is ranked 133rd out of 183 nations in 2012. The security situation needs vigorous improvement and more ethical reorientation is required to stem the tide of unethical business practices all of which adversely affect economic growth.

Keywords: Economic reforms, Strategic plans, Economic growth

Suggested Citation

Ikon, Michael A. and Nzewi, Hope and Chiekezie, Obianuju, Government - Business Relations and Macroeconomic Growth in Nigeria (2013). African Journal of Management and Administration, Volume 6, Number 3, 2013, (ISSN: 2141-0143), Available at SSRN: https://ssrn.com/abstract=2780445

Michael A. Ikon

Madonna University, Okija, Nigeria - Department of Business Administration ( email )

P.O. Box 47
Okija, Anambra State
Nigeria
+2348035844059 (Phone)

Hope Nzewi (Contact Author)

Nnamdi Azikiwe University ( email )

Enugu-Onitsha Expressway
PMB 5025
Awka, DE Anambra State 234
Nigeria

Obianuju Chiekezie

Nnamdi Azikiwe University Awka ( email )

PMB 5025
DE Anambra State
Nigeria
07061199481 (Phone)

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