Proceedings of the 3rd (Hybrid) International Conference, Faculty of Social Sciences, Niger Delta University, Held on June 4, 2025
DOI: 10.36108/wjss/ConfP.2025.011
TRANSITIONING FROM SUBSIDY TO SUSTAINABILITY: EXPLORING NEW DEVELOPMENT PLANNING APPROACHES IN NIGERIA
Nyerhovwo Kingsley Erakpotobor1 & Peter Akpoyomare Ekurume2
1Department of Economics, University of Delta, Agbor, Delta State
2Programmes Department, Delta Broadcasting Service, Edjeba, Delta State
Abstract
As Nigeria confront the challenges of sustainable development, traditional approaches to development are being reassessed. This paper explores Nigeria’s transition from subsidy-based development to sustainable planning. The impetus for this study stems from the concerns over resources allocated to subsidies, which yielded limited results, and the prevalence of regulatory inefficiencies that prioritize scandals over sustainability, discouraging stakeholders and citizens alike.
Guided by the Integrated Sustainable Development Planning (ISDP) Theory-which emphasizes the integration of economic, social, political, institutional, and environmental sustainability-this study examines Nigeria’s National Development Plan (2021-2025). A library-based methodology is employed, drawing on carefully selected materials from published papers, academic journals, credible internet sources, and both print and electronic media to substantiate discussions.
Through case studies and analytical insights, the paper identifies key principles and practices essential for transitioning from the subsidy-based development to sustainable planning. These include the establishment of an integrated policy framework, enhanced stakeholder’s engagements and participation, long-term strategic planning and adaptive, resilient development strategies. By examining innovative planning approaches that priorities sustainability, inclusivity, and economic growth, this research contributes to a deeper understanding of developmental transitions in emerging economies.
Keywords: sustainability, development planning, subsidy reform, Nigeria, economic growth