COST-BENEFIT ANALYSIS OF NIGERIA’S MEMBERSHIP OF THE AFRICAN PEER REVIEW MECHANISM (APRM)

Abstract

This paper evaluates the implementation of the African Peer Review Mechanism (APRM) in Nigeria on governance and socio-economic development. It takes stock of the gains and pains of the APRM process in the country. The study employed wholly secondary sources of data collection and utilizes the documentary method of data presentation. Findings from the study revealed that even though Nigeria played a leading role in the process of making the APRM a reality, its leaders only paid lip service to the programme. The country has not witnessed any significant change in the character of governance since its membership of the Mechanism 18 years ago. Nigeria still grapples with the challenges of bad governance as manifest in corruption, insecurity and lack of accountability and justice. It is recommended that for the Country to reap the benefit of APRM, it must keep faith with the basic principles of APRM and implement the National Plan of Action (NPoA).