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Good luck Jonathan‟s transformation agenda and Economic restructuring

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ABSTRACT
Nigeria had embarked on different policies and programs for her development since independence. This paper examines President Goodluck Ebele Jonathan Transformation Agenda on economic restructuring and development in Nigeria and how it will project the economy into one of the twentieth developed nation by 2020. The study adopted descriptive statistics and chi square analysis using primary sources of data from licket scale questionnaire. The study findings reveals that the transformation agenda has significantly improved the . It found that the Agenda had impacted positively on each sector of the economic restructuring in Nigeria. The study further found that the challenges that are hindering the successful achievement of the Transformation Agenda‟s objectives include but not limited to corruption, poor governance, inconsistency in policy formulation and implementation. The study recommends that with good leadership and genuine commitment to the goals, the target could be attained as Nigeria is blessed with ample natural and human resources. The study recommends the need to take bold steps towards exploiting the maximum benefits, opportunities and strengths of the Transformation Agenda and alongside reducing the challenges facing it through good governance

CHAPTER ONE

INTRODUCTION
1.1 Background to the Study:
Nigeria‟s president won the 2011 federal government election on the ground well of popular support, and the promise of a transformation agenda. There have been a number of visions and policies pursued by previous Heads of Governments of Nigeria, either under the Military or Civilian regimes in the recent past. Alhaji Shehu Shagari, who was elected as President of Nigeria in 1979 and ruled up to January, 1984 tagged his policy as the Green Revolution. This policy hoped to transform the agricultural sector and use the gains thereafter to revolutionize other key sectors of the economy. The short period of the leadership of General Muhammadu Buhari was spent in fighting corruption and instilling discipline in the polity. General Sani Abacha came into power in 1993 after the controversial annulment of the 1993 Presidential elections with another policy somersault. His policy package radically de-emphasized the influence of International institutions and centered mainly on the exploitation of domestic efforts towards transforming the economy. In 1999, Chief Olusegun Obasanjo was elected as the President and Commander -in-chief of the Nigerian Armed Forces. He took yet another radical departure from his predecessors. His first four years in office were focused mainly on consolidating democracy. Thereafter, he concentrated on reforms in Banking and Telecommunication Sectors. He also initiated the National Economic Empowerment and Development Strategies (NEEDS).
Another policy reversal was introduced by Alhaji Umaru Yar’adua following his election and inauguration in May, 2007 as the President and Commander-in-Chief of Nigeria Armed Forces. His policy package was tagged the 7-Point Agenda where he identified seven sectors of the economy as the engine room to the transformation of the entire economy. With his demise in 2009, Goodluck Ebele Jonathan, the then Vice President, took over as substantive President and maintained the reform agenda of his predecessor up until May 2011. Goodluck Ebele Jonathan took oath of office as the newly elected President and Commander-in-Chief of Nigeria Armed Forces on 29th of May, 2011 amidst thunderous expectations of a new dawn, given his humble background and the mountain of problems and decay that the country has found itself over the years. Realizing the high expectations, the President promised not to let the people down. ( On that historic day, Goodluck Ebele Jonathan promised Nigerians a policy package tagged the,…..

1.3 Objective of study.
The aim and objective of the study of the topic Nigeria‟s transformation agenda and economic restructuring is to point out the successes and failure of President GoodLuck Jonathan in Nigeria‟s economic development in the last 4 years. The specific objectives are:

To examine the impact of President GoodLuck Jonathan Agricultural revolution and food security agenda on economic development in Nigeria.
To Examine the influence of President GoodLuck Jonathan infrastructural development agenda on economic development in Nigeria.
To investigate how President GoodLuck Jonathan fight against Corruption and anticorruption policies in the oil sectors impacted on the economic development in Nigeria.
1.4 Research question
To what extent has the President GoodLuck Jonathan Agricultural revolution and food security agenda impacted on economic development in Nigeria?
To what extent has the President GoodLuck Jonathan infrastructural development agenda influenced economic development in Nigeria?
To what extent has the President GoodLuck Jonathan fight against Corruption and anticorruption policies in the oil sectors impacted on the economic development in Nigeria?
1.5 Research hypothesis.
Hypothesis one
H01: Agricultural revolution and food security agenda by President GoodLuck Jonathan administration has significantly contributed to the development of Nigeria economy.
Ha1: Agricultural revolution and food security agenda by President GoodLuck Jonathan administration have not significantly contributed to the development of Nigeria economy
Hypothesis two
H02: Infrastructural development agenda by President GoodLuck Jonathan administration have significant contribution to the development of Nigeria economy
Ha2: Infrastructural development agenda by President GoodLuck Jonathan administration have no significant contribution to the development of Nigeria economy

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