Politics of Naira Redesign and the Administrative Muddle of the 2023 General Elections in Nigeria

Abstract

The 2023 General Elections in Nigeria became the Phenomenon that exposed the ugliest part of Nigeria’s politics and politicians. We witnessed a cascade of traumatizing experiences ranging from thuggery, vote buying, and scarcity of fuel, food and finance. This was due to twin evil of Naira redesign policy which was introduced at such an inauspicious moment with little or no preparation for the aftermath.  This paper focused on the good, the bad and the ugly involved in the naira redesign policy inaugurated at the heat of 2023 electioneering campaigns in Nigeria.  The objectives of the study are to find out the reason for the naira redesign and its effect on the citizens.  We adopted Max Weber’s theory of rational welfarism. We apply the principles of rationality in Administration to evaluate the hiccups that characterized the execution of the redesign policy. The functional theory was also used in this work.  Our recommendation is that policies should not be contemplated and executed if they have not been thought through.