Do Social Pacts Enable Transformation?

Social dialogue brings labour, business, and government to the same table to resolve conflict and chart reform. Pacts can stabilize expectations, unlock investment, and protect vulnerable groups through negotiated trade-offs. Yet they risk entrenching elites if negotiations exclude informal workers, women, or youth. This explainer weighs global lessons and Nigerian realities, outlining design features—representation, transparency, timelines, and monitoring—that determine whether dialogue enables transformation or merely delays hard choices.