Crony capitalism in Nigeria

The case of patronage funding of the Peoples Democratic Party and the power sector reform, 1999–2015

Bibliographic Data

ID11904582
AuthorsOkorie Albert (University of Nigeria, corresponding author), Ifeanyichukwu M Abada (University of Nigeria), Ifeanyichukwu ABADA, Raymond Adibe (0000-0002-7139-0785, University of Nigeria)
Year2021
Volume48
Issue170
Publication date2021-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueReview of African Political Economy (JOURNAL)
Journal identifiersISSN: 0305-6244 • E-ISSN: 1740-1720
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/03056244.2021.1958309
OpenAlexW3211506686
LanguageEN
Citations received4
References cited6

The article argues that cronyism in the funding of the Peoples Democratic Party (PDP) explains the dismal record of the recent power sector reforms in Nigeria. It implies that the reforms were packaged by the then PDP-led government to benefit their major campaign financiers with contracts; thus, within this period the party financiers were able to assume a commanding position in the sector. The article further contends that the funding regime in the party reinforces corruption as financiers leveraged on their contributions to the party to ensure that the reform processes and outcomes reflected their economic interests. The case exemplifies the crony relationship between the business and the political class (that ought to act as the regulatory body), which is skewed towards primitive accumulation

Cronyism · Democracy · Economics · Government (linguistics · Language change · Political economy · Political science · Politics · Position (finance · Power (physics · African studies and sociopolitical issues · Corruption and Economic Development · Law · Finance

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