International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.5, No.2, Jun. 2019, Pub. Date: May 9, 2019
Mismanagement and Underdevelopment in Nigeria: Sustainable Management Perspective
Pages: 75-84 Views: 485 Downloads: 302
[01] John Nkeobuna Nnah Ugoani, Department of Management Sciences, College of Management and Social Sciences, Rhema University, Aba, Nigeria.
The study investigated the relationship between mismanagement and underdevelopment in Nigeria in relation to the sustainable management perspective. The qualitative technique of exploratory research design was used through which primary and secondary data were generated and analyzed using the descriptive statistical method. The study found evidence that there is gross mismanagement of Nigeria’s natural resource wealth, and in such a situation the nation remains in the league of the LDCs of the world. On the basis of statistical analysis it was found that mismanagement is positively associated with underdevelopment in Nigeria. A major contribution of this study to knowledge is that it will afford the government and the people of Nigeria the opportunity of finding better ways of managing her natural resource wealth for the sustainability of the country. It was suggested among others, that the federating states in Nigeria should buckle up with the payment of workers’ salary, pension and gratuity as a means of reducing poverty and hunger everywhere as sought for by the UN SDGs 2030 target.
Sustainable Management, LDCs, Underdevelopment, Conspicuous Mismanagement, Mismanagement of Natural Resource Wealth
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