Governance, Leadership and Management Practices in Nigerian Public Sector Ventilating a Recessed and Suffocating Economy

The Nigeria's economy recession problem is not entirely as a result of slump in global oil prices but poor governance, bad leadership and mismanagement. Governance failure closely linked to corruption, bad leadership and bad management are responsible for poor performance of government owned businesses, institutions, parastatals, commissions and agencies over the years . In Nigeria, privatization comes to the heels due to the failure of government and its institutions, parastatals, commissions' agencies to live up to their responsibilities. The Nigeria's economy has been in a state of suffocation long before recession with privatization scheme palliative. Rather than government facing the challenges of inefficiency in public sector, government hurriedly came up with ‘quick fix' by adopting "privatization" and promulgated it with slogan like "government has no business doing business", "government does not create job", yet empirical evidence shows that it is obvious that all adopted ‘quick fix' has failed, the paper concluded that reviving the public sector to eliminate inefficiency is possible with good governance, leadership, and management devoid of micromanaging and macromanaging behaviour and these are the most important needs for a recessed and suffocating economy. Musah Ishaq | Osifoh Ozoya Austine "Governance, Leadership and Management Practices in Nigerian Public Sector: Ventilating a Recessed and Suffocating Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-7 , December 2022, URL: https://www.ijtsrd.com/papers/ijtsrd52287.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/52287/governance-leadership-and-management-practices-in-nigerian-public-sector-ventilating-a-recessed-and-suffocating-economy/musah-ishaq