TRENDS IN NATIONAL DEVELOPMENT AND BUSINESS ADMINISTRATION: AN ANALYSIS OF NIGERIA’S NATIONAL DEVELOPMENT PLAN (NDP) 2021-2024

Abstract

Development planning encompasses methods that guarantee the realisation of national policies and objectives, ensuring that development issues at all levels are thoroughly incorporated into the overarching national development initiatives, which is a persistent worldwide challenge. In Nigeria, despite the existence of development planning initiatives and programs, these efforts seem to provide insufficient tangible developmental outcomes across several indices. The paper assesses the National Development Plan (NDP) 2021-2024, outlines its strategy in terms of business administration and management, and with relevant national development examples. Clearly, the NDP is comprehensive and encompasses growth pillars within the economy and people with aims and objectives to develop infrastructures, human beings, technology and institution to better the Nigerians general standard of living. Integral to this success is the integrated implementation, continuous communication and managed engagement of all of the relevant stakeholders ranging from the private sector entities to civil society. Both the NDP specifically identifies PPP as key to financing and delivering important development projects and the wider literature suggests that PPP is an important part of development. The review thus identifies areas of limitation and possibilities of the National Development Plan (NDP). The study calls for enhancement of the frameworks for implementation of the Plan, enhancement of PPPs, expanding the role and use of monitoring and evaluation and enhancing emphasis in development. Also, it recommends call for innovation, prejudices, and concerns towards institution changes, and its stake holders-respondent, financing and voids for education and career advancement, total decentralization of the whole system.