Economic Development and Sustainability
Conference: The 23rd Annual International Conference of the Igbo Studies Association (ISA) (2026)
Presenter(s): Obiora Miracle
Presentation Date: May 14, 2026 @ 20:35 PM
Tags: Nigeria Lagos Lagos State
Abstract
Economic development and sustainability remain central to Nigeria’s long-term growth agenda, particularly amid rapid population growth, infrastructure deficits, and environmental pressures. This article examines the role of sustainable economic development as a framework for balancing economic growth, social inclusion, and environmental responsibility within emerging economies, with specific reference to Nigeria. It explores how development initiatives, when poorly coordinated or executed, often fail to deliver lasting value despite substantial investment. Focusing on Nigeria, the study identifies persistent obstacles to sustainable development, including inefficient project execution, misallocation of resources, policy discontinuity, and limited accountability mechanisms. Many development efforts fail not because of a lack of funding or policy intent, but because sustainability considerations are often excluded from planning and implementation processes. The study highlights the importance of coordinated strategies that integrate economic planning, environmental stewardship, and social impact assessment. The discussion further underscores the relevance of structured project-based approaches in advancing economic development goals. Effective planning, stakeholder engagement, risk management, and monitoring are critical elements for ensuring initiatives achieve intended outcomes and remain viable over time. In Nigeria, adopting sustainability-focused frameworks in infrastructure development, entrepreneurship support, and public sector programs can enhance efficiency, reduce waste, and promote inclusive growth. In conclusion, embedding sustainability principles into economic development efforts is essential for national resilience, competitiveness, and long-term progress.
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