This paper examines the critical relationship between good governance and national development, with a focus on Nigeria’s unique challenges and prospects. Good governance, defined by transparency, accountability, adherence to the rule of law, and effective policies, is universally recognised as a driver of sustainable development. The paper adopted a qualitative approach with data drawn from scholarly publications, international indices, and government reports to provide empirical insights into global and Nigerian governance systems. The study integrates global perspectives, highlighting successful governance models in countries like Sweden, Singapore, and Rwanda, while contrasting them with governance failures in nations such as Afghanistan and the Democratic Republic of Congo. In Nigeria, governance deficits, including corruption, institutional inefficiency, and infrastructural inadequacies, have hindered socio-economic progress. Despite being Africa’s largest economy, issues such as systemic corruption, mismanagement of public resources, and weak policy implementation persist. Transparency International ranked Nigeria 154th on the 2023 Corruption Perceptions Index, with 63% of the population living in poverty and unemployment rates peaking at 33.3%. The paper identifies further challenges, including electoral malpractice, judicial inefficiency, insecurity, and infrastructural deficits, which collectively undermine governance effectiveness and development. The study employs Governance Theory and Sustainable Development Theory as frameworks to analyse the interplay between governance practices and development outcomes. Through these lenses, it explores key issues such as the impact of anti-corruption initiatives, social investment programmes like N-Power and Conditional Cash Transfers, and reforms in sectors such as health, infrastructure, and electoral processes. While acknowledging the limitations of these initiatives, the paper highlights prospects for improvement through strengthened institutional frameworks, equitable resource distribution, and inclusive governance. Recommendations include enhancing anti-corruption mechanisms, scaling up social protection programmes, prioritising infrastructure development through public-private partnerships, reforming electoral processes, and promoting inclusivity to address regional disparities. These strategies aim to bridge governance gaps and foster sustainable development. The study concludes that while Nigeria faces significant governance challenges, targeted reforms and institutional strengthening offer viable pathways to achieving long-term national development. It underscores the need for an integrated approach that prioritises transparency, equity, and socio-economic inclusivity, positioning governance as a pivotal factor in Nigeria’s quest for stability and prosperity.
Keywords: Good Governance, National Development
