When a federal economic planning authority in Nigeria designs targets for national industrial expansion, state and local governments often execute conflicting fiscal budgets that prioritize short-term administrative overhead instead of capital investments. Which institutional challenge of economic planning in Nigeria is demonstrated by this situation?
- Lack of coordination between macroeconomic planning organs and sub-national executing agenciesCevap
- BInability to distinguish between aggregate economic growth and structural development
- CConfusion between short-term rolling operational plans and long-term perspective planning
- DComplete absence of private sector participation in central resource allocation
Cevap
Lack of coordination between macroeconomic planning organs and sub-national executing agencies
Economic planning in Nigeria requires harmonized efforts across all three tiers of government (Federal, State, and Local). A major implementation bottleneck occurs when macroeconomic goals formulated by central planning bodies (such as the Ministry of Budget and Economic Planning) are not integrated into sub-national budgets, leading to conflicting execution strategies and unfulfilled targets.
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Anahtar Kavram
Institutional and Administrative Coordination Bottlenecks in Nigerian Economic Planning