Confucianism and the Political Economy of Nigeria: Exploring Cultural Influences on Economic Development and Governance

Abstract

This study investigates the profound influence of Confucianism on Nigeria's political economy, delving into the interplay between cultural values and their implications for economic development and governance. By examining the intricate relationships between Confucian principles and the Nigerian context, this research sheds light on the cultural dynamics shaping the nation's socioeconomic landscape. Findings indicate that Confucianism's impact is limited and indirect. While some similarities exist in moral values and respect for authority, Nigeria's historical, cultural, and regional contexts differ significantly from Confucian-influenced societies. Nigeria's economic development is shaped by indigenous cultures, colonial history, and democratic principles. Various factors, including traditions, resources, investments, and global markets, contribute to unique approaches in economic development and governance. Confucian ideals have an indirect influence, mediated by Nigeria's own cultural and historical contexts. Nigeria's economic institutions are rooted in democracy, markets, and pluralism, distinguishing them from Confucian-influenced models. Recognizing Nigeria's distinct political economy is crucial for tailored approaches that address challenges and capitalize on strengths. Through a comprehensive analysis of Confucian tenets and their potential applicability in Nigeria, this paper offers valuable insights into the transformative potential of cultural influences on the country's political economy. Again, Policymakers must leverage cultural influences to align strategies with Nigeria's specific needs and aspirations.