Political Stability and Economic Growth in Nigeria

The study empirically investigated the relationship between political stability and economic growth in Nigeria for the period 1999 to 2014 using the ARDL model approach. The result revealed a positive and significant relationship between political stability and economic growth both in the long run and in the short run. The study concludes that a stable political environment is an indispensable element for economic growth and therefore, the government of Nigeria should as a matter of necessity, identify the root causes of unstable political environment and try to mitigate its effects so as to ensure sustained growth in Nigeria.