International Journal of Academic Management Science Research (IJAMSR)
  Year: 2023 | Volume: 7 | Issue: 4 | Page No.: 142-145
Party Politics in a Contemplary Society: Effects on Business Development in Nigeria Download PDF
Professor B.C. Nwankwo and Mary-Princess C. Onuorah

Abstract:
Nigeria as a state has passed through rigorous phases of business operations, while striving to ensure the continuity of a number of such businesses, especially those of them having a direct link with human existence and sustainability. The more stable a political system is, the lesser the risk of business operations in such a country. As the quest for who gets what, when and how, waxes stronger among Nigerians, the implication often leaves indelible marks in Nigeria's developmental stance. To this end, this paper tends to x-ray those effects of party politics in business development, with emphasis on the Nigerian environment. The paper, having adopted a qualitative method, realizes that poor productivity characterized by less conducive environment, closing of border during electioneering, frequent change in government policies, loss of assets and sales, among others, are the visible adverse effects of party politics in business development. The paper therefore recommends that government should promulgate laws that will restrict political interference in businesses and as well ensure strict adherence to such legislations.