POLITICAL STABILITY AND SUSTAINABLE DEVELOPMENT IN NIGERIA
POLITICAL STABILITY AND SUSTAINABLE DEVELOPMENT IN NIGERIA

Summary/Abstract: After the return of democracy in Nigeria, the country continued to experience changes in political regimes amidst the country’s quest of developmental sustainability. This study investigated the symmetric (linear) and asymmetric (non-linear) effect of political stability on sustainable development in Nigeria between 1999 and 2021. The study employed both Autoregressive Distributed Lag (ARDL) and NonAutoregressive Distributed Lag (NARDL) techniques for estimation purpose. The symmetric result showed that sustainable development positively responds to political stability in Nigeria both in the long run and short run. The asymmetric estimates indicated that sustainable development significantly increased due to positive shock in political stability in the long run in contrast to the short run. While negative changes in political stability has negative effect on sustainable development both in the long run and short run. It was concluded that political stability triggers sustainable development in Nigeria during the study period. The study suggested that government policies related to economic, social, and environmental issues should be consistent and predictable since frequent policy changes can disrupt sustainable development.

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