Appraising the Economic Recovery Growth Plan (ERGP) As a Developmental State Paradigm
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Abstract
This paper seeks to appraise the current Economic Recovery Growth Program (ERGP) of the Muhammadu Buhari administration as a developmental state paradigm. The need perhaps to make Nigeria a global economic player inform the desire to formulate the ERGP with a pouching strategy of implementation, besides Nigeria with her vast deposit of human and natural resource is seen to be a potential economic power house globally if the right step and framework are put in place. The ERGP harped on consistent failures of previous policy document, like the vision 2010; the needs document to map out its strategy for success. The finding from this study shows some vital linkage between the ERGP and the developmental state paradigm which emphasises massive state intervention in the running of economic activities, the paper adopted certain vital feature of developmental state to compare the objective vision of the ERGP document with regard to what the document has achieved so far since its launch in February 2017. Meanwhile the paper concludes that one year down the line after the launch of the ERGP Nigeria is still grappling with most if not all of the challenges that lead to the formulation of the plan, as Nigeria still continue to groan under negative and abysmal developmental potentials.