As a follow-up to an earlier paper on the socio-economic environment of Nigeria, in which a large number of challenges are highlighted for this socio-economic environment, this investigation is carried out, to find out the extent to which the issues of governance failure, corruption, violence and a number of other issues, are implicated in these challenges. The investigation reveals that the trio of governance failure, corruption and violence, are greatly implicated in the challenges. A large number of other important issues, such as deficit in values, deficit in education and deficit in appropriate attitudes, are also implicated to a lesser extent, in the challenges. The paper is concluded with a recommendation that all these issues need to be urgently attended to, if Nigeria is to attain sustainable development, within the first quarter of this century.
Keywords: Challenges, Corruption, Governance Failure, Nigeria, Socio-Economic Environment, Violence
