Achieving Sustainable Development and Promoting Development Cooperation in Nigeria: Way Forward

Abstract

The world today witnesses emerging new challenges, aggravated by multiple financial, economic, food and energy crises, which have threatened the ability of all countries to achieve sustainable development. The United Nations Conference on Sustainable Development reaffirmed the political commitments of the international community to pursue sustainable development, under the principles of Agenda 21, including the principle of common but differentiated responsibility, this is inline with the Millennium Development Goals objectives which focused attention on selected social and human development priorities. The main objective of the paper, is to evaluate the possible ways of achieving sustainable development and development cooperation in Nigeria. To achieved the above objective the researchers make use of questionnaires, Hypothesis are formulated which were analyzed using SPSS. Pearson Correlation Test were equally conducted to determine the correlation between economic development cooperation  and sustainable development in Nigeria.  Empirical economic modeling were established with the prior expectation to construct multiple regression. The paper recommended that, government should take steps to introduce price control on essential items to avoid persistence increase in price level, adequate measures should be put in place to cope with the effect of climate change, government as well should come up with policies that will encourage production and consumption of locally produce goods and services and discourage importation of essential items, Nigerian populace  should take a drastic measure to ensure that those to be elected as policies makers are of credible character and patriot that are capable of protecting the interest of the generality of the entire populace and finally the governments at all level should come up with economic recovery plans that is capable of salvaging the financial system and entire economy at large.  

Keywords: Economy, Cooperation, Development, Strategy, Sustainability, Transformation.