Abstract
This paper interrogated the political economy of democratic consolidation in Nigeria. The objectives of this paper among others was to refute and debunk the common assumption that only elections that are credible, free and fair, and reflective of the true will of the people would contribute to democratic consolidation. The paper adopts an explanatory design for analysis and relied on some empirical data generated through observation and official documents and essentially on secondary sources of data which were analyzed, using a descriptive method of analysis. The findings of this paper have shown that issues of poverty, inequality and unemployment if not tamed, can reverse the consolidation of Nigeria’s democracy. The paper concluded that after over a decade of uninterrupted civilian administration, there is need to refocus energies on issues of poverty, inequality and unemployment if Nigeria is to consolidate its democracy.
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