Thesis Abstract

Abstract
The impact of changes in political administration on the economy has been a subject of significant interest and debate among scholars, policymakers, and the general public. This research project focuses on evaluating the effects of the Muhammadu Buhari administration on the Nigerian economy. The study employs a mixed-methods approach, combining qualitative analysis of policy initiatives and quantitative assessment of economic indicators to provide a comprehensive appraisal. The Muhammadu Buhari administration came into power in 2015 with a mandate to address corruption, improve security, and revitalize the economy. The policies and actions of the government have had both positive and negative consequences on various sectors of the economy. The implementation of the Treasury Single Account (TSA) and the fight against corruption have led to increased government revenue and improved transparency. However, the strict regulatory environment and foreign exchange policies have posed challenges for businesses and investors. The research project examines key economic indicators such as GDP growth, inflation rates, foreign direct investment, and unemployment rates to assess the overall impact of the administration on the economy. The findings reveal a mixed picture, with some sectors experiencing growth and improvement while others face challenges and stagnation. The government's focus on infrastructure development and diversification of the economy has had some positive effects, but the slow pace of implementation and bureaucratic hurdles have hindered progress in certain areas. In addition to quantitative analysis, the study also considers the perceptions and experiences of stakeholders in the economy, including business owners, investors, and consumers. Interviews and surveys provide valuable insights into the real-world impact of government policies and actions on various economic agents. The feedback from stakeholders highlights the need for more consistent and predictable policies, as well as greater engagement with the private sector to drive economic growth and development. Overall, this research project offers a comprehensive appraisal of the Muhammadu Buhari administration's impact on the Nigerian economy. By combining qualitative analysis with quantitative assessment, the study provides a nuanced understanding of the complex relationship between political administration and economic outcomes. The findings contribute to the ongoing debate on effective governance and policy-making in developing countries, offering valuable lessons for future administrations and policymakers.

Thesis Overview

1.0 INTRODUCTION

1.1 BACKGROUND OF STUDY

As our faces are different so is our vision and methodology; all the presidents Nigeria has had have their own goal before becoming the president of Nigeria; these differences ranges from the time of general Sani Abacha to the time of Buhari; all these are still for the better things to come for Nigeria. These changes in political administration has significant effect on the economic development of Nigeria through shift in vision and methodology of rulership.

Nigeria; under the adminstration of president Jonathan, had the vision of actualizing the transformation agenda; this program was not completed.

General muhammadu Buhari’s primary goal is to eradicte corruption in Nigeria; which left the transformation agenda by the former president Goodluck Ebele Jonathan abandoned; the fight for corruption is just in circles as nothing has being achieved from it; so many changes is going on in Nigeria right now; under the general Buhari administration a lot has happened such as the dollar increament, the increase in price of petroleum, eradication of ghost workers etc. Buhari has being in the office for 100 days with few achievements; some of these achievement are:

1. Renewed Vigour in the War against Boko Haram

2. Appreciable Improvement in Power Supply in Various Parts of the Country

3. Mending of Nigeria’s Fractured Relationship with the World Powers

4. Prioritizing Regional Cooperation

5. Returning Discipline to the Polity

The phylosophy of this administration is yet to be understood by the people; the voices of the people was that the PDP regime is far more preferable than the APC regime; they went on to acuse the president (Buhari) of being too slow to in the approach of governance.

Nigeria has always been very adaptive; things are never constant in Nigeria; from the pursuit of a particular goal by a president to the pursuit of another goal by another president. The APC regime is yet to fully understand the way the country is being run by the former opposition party (PDP); this has really caused set backs and critices to this adminstration.

1.2 STATEMENT OF PROBLEM

The economy of Nigeria have never being stable because of change in political administration; the pursuit for a particular vision changes which change in administration, the major problem here is the inability of the current administration to study the previous administration and see the best way to follow the proceedings in the cpountry so as to perfect the previous administration. This is the major problem in Nigeria; difference in interest and in vision is another issue in Nigeria. A new administration is suppose to take over from where the past administration stopped; but at times in Nigeria the reverse is always the case if this issue can be resolved then the economy of Nigeria will be on a more favourable ground.

1.3 RESEARCH QUESTION

1. What effect does change in political administration have on the economic development of Nigeria?

2. Is there any constitution binding the governance of the Nigeria?

3. What are the best approaches to be adopted by the federal government of Nigeria to resolve the adverse change in the political adminstration?

4. Is the mohammadu Buhari’s administration a set back to the economy of Nigeria?

5. Does change in political administration have any effect on ghost workers?

1.4 RESEARCH HYPOTHESIS

H0: change in political administration does not have effect on the economy of Nigeria

H1: change in political administration have effect on the economy of Nigeria.

H0: Nigeria relationship with the world power have no significant effect on the economic development of Nigeria.

H1: Nigeria relationship with the world power have significant effect on the economic development of Nigeria.

H0: Change in political administration does not have significant effect on the level of crises in Nigeria

H1: Change in political administration have significant effect on the level of crises in Nigeria.

1.5 AIMS AND OBJECTIVES OF STUDY

The aim of the research work is to determine the following:

1. effect of change in political administration have on the economic development of Nigeria.

2. The constitution binding the governance of the Nigeria.

3. The best approaches to be adopted by the federal government of Nigeria to resolve the adverse change in the political adminstration.

4. If the mohammadu Buhari’s administration a set back to the economy of Nigeria.

5. If the change in political administration have any effect on ghost workers.

1.6 SIGNIFICANCE OF STDUY

The research work will discuss the various challenges face the country through the change in political administratio, the study will also reveal the effect of the change in political administration on the economics of Nigeria. it highlight the impact of effective rulership by the present administration. The study will further assist the present administration in making good decision that will affect the economy of Nigeria positively.

1.7 SCOPE OF STUDY

The study is limited to the study of the change in political administration and its impact on the economy of Nigeria, it will cover the administration of Mohammadu Buhari and the journey so far.

1.8 LIMITATION OF STUDY

FINANCIAL CONSTRAINTS: The researcher was with limited funds; he or she can not visit all the areas to get responses from respondents; but he or she was able to get good information nconcerning the research topic.

TIME CONSTRAINTS: The researcher was involved in other departmental activities; like seminars, attendance of lectures etc. which limited his or her time for the research but the researcher was able to meet up with the time assigned for the completion of the research work.

1.9 DEFINITION OF RELATED TERMS

ADMINISTRATION: the management of public affairs; government

ECONOMY: the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

REFERENCES

Abdulrahman, K. (2012, May 5). Corruption as basis for Nigeria’s underdevelopment, The Punch. Retrieved March 17, 2014, from http://www.punchng.com/opinion/corruption-as-basis-for-nigerias-underdevelopment ACBF. (2007).