The Paradox of Nigeria's Political Economy

Abstract

Political economy is the of study how communities pursue collective economic goals and deal with conflicts over resources and the other economic factors in authoritative way by means of government (Sodaro: 2001). In other words, political economy is about the relationship between the economy and the state to improve their economic welfare. Viewed in the general terms, political economy is interested in two broad sets of questions. How does economics affect politics and how does politics affect economics?