Public Sector Instability and Macroeconomic Performance in Nigeria

Abstract

Using both quantitative and qualitative methods, the research looks into the relationship between public sector instability and macroeconomic performance. It analyses how shifts in political power, policy uncertainty, and governance problems lead to fluctuations in macroeconomic performance in Nigeria. The analysis uses secondary data analysed by Autor Regressive Distributed Lags. Findings show that political stability and absence of violence, and control of corruption, exert negative effect on economic performance in the long run horizon in Nigeria alongside the short run horizon. Public sector instability generally was found by the study to be very precarious to the good macroeconomic performance of Nigeria during the period under review.