Examining the Success Factors for Sustainable Development in Nigeria's Economic Growth and Development

Abstract

Sustainable Development (SD) is a concept of socially inclusive approach, resource-efficient, with low-carbon measures bolstered by public and private investment partnerships in economic activities and infrastructural projects that minimizes carbon emissions pollution reductions, improves energy usage, and ultimately prevents the loss of biodiversity within the ecosystem services for humankind. Implementing SD policies is paradoxically challenging for a Nigeria and other African countries due to significant factors affecting the success of such policies and efforts within its economy. This study examined 11success factors (SFs) that affects SD in Nigeria's economy. The results show the huge impact of stakeholders on the success of the SD efforts in Nigeria. In addition, SD policy implementation, enforcement, and adaptability may take years or decades, but once embedded in overall economic sectors, organizational operations, and corporate social responsibilities, as well as the majority of the population's respective activities, the positive social, economic, and environmental sustainability impacts, will be profound.