ABSTRACT
This research work, “A Critical analysis of the performance of the
National Empowerment and Development Strategy (NEEDE) on the
Nigerian Economy”, seeks to look at the major causes of Nigeria’s
economic misfortunes and this is greatly attributable to the poor
industrial capacity utilization, massive unemployment and
underemployment, high rate of inflation, high poverty rate, poor wealth
distribution, mono-cultural economy (oil), high rate of corruption, etc.
The main objective of this research is to find out if NEEDS has made any
impact on the Nigerian economy and to analyze such impacts.
To achieve the above stated objectives a systematic research
methodology was adopted. A good blend of research questions and
hypothesis were used on the population In addition, the macroeconomic
benchmark set for NEEDS for each year of its implementation (ie. 2004
– 2007) was compared against the actual outcome of 2004, to ensure
compliance with plan.
It was discovered that although NEEDS is the best available option to
revive the collapsing economy, there are serious implementation
challenges that may bedevil. Its implementation process. Based on the
findings of this study, the following recommendations were made
amongst others;
i. The institution responsible for the implementation of NEEDS.
Should be headed by well-qualified citizens of Nigeria with
remarkable integrity.
ii. The level of awareness/publicity of NEEDS is too low that over
70% of the country’s populations are yet in the dark about it.
