Corruption, bane of economic, education development asuu. When people embezzle the funds made for public development which include economic growth for their personal use, the economy will not grow. It has been identified as the bane of most political and economic problems in societies 5. Nigeria is said to be the 8th most corrupt country in the world. The determinants of corruption a literature survey and new evidence harry seldadyo. Corruption is an ancient practice that has been traced back to prebiblical time and made itself known in the ancient civilizations of developed and developing countries. But, does that eliminate corruption from nigeria s society. This paper gives an overview of the nigerias recent experience on corruption in the. Corruption is again considered as an enemy of economic development because of its various vices. Corruption as the bane of nigeria s development this is a gst topic for students of the university of uyo offering the course and other institutions if you have interest in getting a complete material on this topic. Against this backdrop, this article examines the effects of corruption on the economic development of nigeria. This paper therefore seeks to examine the effects of parochial political culture on the social and economic development of nigeria. Effects of corruption on nigeria economy and the way forward.
Corruption as a bane for underdevelopment in nigeria. Corruption is at the root of many of nigerias problems. For instance, the few known empirical studies conducted on corruption, income inequality and economic development in africa are that of kwabena 2002 on african countries as a whole and egunjobi 20 in nigeria. Corruption as a hindrance to economic development in nigeria.
Eliminating corruption is crucial to sustainable development. Despite the creation of two anticorruption agencies, corruption still strives in nigeria. It is therefore the growth in total economic output accompanied by changes in the structure of the economy. Corruption, the bane of nigerian socioeconomic development.
Corruption, african time syndrome, bane of nigerias. This study was undertaken to evaluate the impact of corruption on national development in nigeria fourth republic. The study found out that corruption has contributed to lack of sustainable economic development in nigeria and the study recommends that efcc and other security apparatus should strategies ways to reduce corruption in nigeria in order to bring about sustainable economic development in nigeria. The paper also analyses how corruption has metamorphosed to become the major problem bedeviling nigeria s political, economic and social progress. Corruption, poverty as bane of nigerias development. To expose the effects of corruption on nige ria economy and the way forward, think of numerous problems you face daily in the country, and they will be clear to you. The yoruba world congress, ywc, wednesday, threw its weight behind the evacuation of almajirai to their respective states of origin by northern governors, noting that it was good for nigeria s. Corruption, economic growth, and income inequality in africa. Corruption as the bane of nigerias development pdf, doc. Strategies for achieving sustainable development in nigeria. To the extent that the cause, and the economic effects of corruption.
Corruption, income inequality, and economic development in. Pdf impact of corruption on economic growth in nigeria. General studies directorate abubakar tafawa balewa university, bauchi, nigeria abstract. This paper takes a critical and inclusive look at issues of pervasive corruption that has ravaged much the development of nigeria. Methodology the paper adopts qualitative research design to gain an insight into corruption in nigeria public sector. International journal of economic development research and investment, vol.
Eliminating corruption is crucial to sustainable development corruption is the thief of economic and social development. In nigeria, corruption has become endemic and its consequences are. The corruption has not only weakened the moral fiber of nigeria, it has also wreaked havoc in its body politics. Corruption as a hindrance to economic development in. Corruption, african time syndrome and other negative practices have been identified as the bane of nigeria s economic development. Political corruption has been blamed for the continued underdevelopment of nigeria. This study empirically investigates the impact of corruption on the growth of nigerian economy using granger causality and regression techniques. Achebe 1983 analysis of the leadership problem in nigeria is. A nation that condones corruption is often besieged with a lot of economic, political and social vices. Financial constraint insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection internet, questionnaire and. The unstoppable social economic scourge has suggested different meanings to different scholars from different schools of.
We have undertaken five steps to estimate nigerias cost of corruption. The main objective of this paper is to analyse the effects of corruption on economic growth and development of nigeria in the context of its economic reform programme since 1999 to date. The independence of african states from colonial rule began from the middle part of the 20th century signaled strong prospects and hope for a better and prosperous continent. Since the inception of civil rule, the nigeria government has come with series of economic policies to revive the ailing economy. Corruption is responsible for governance failure in nigeria. Corruption and sustainable economic development in nigeira. Corruption is the bane of socioeconomic development in nigeria. Therefore, corruption, which has come to survive despite all efforts at curbing it, this is at the center of our discourse. Some research considers corruption a grease the wheels instrument. In this view, corruption helps to overcome cumbersome bureaucratic constraints, inefficient provision of.
It is a bane to economic growth and development and has simultaneously frustrated and undermined the. Thus, without mincing words the phenomenon has ravaged the country and destroyed most of. Ogidefa 2010 stated the existence of wide gap in terms of standard of living and economic development between urban and rural women in. Very recently, the international community has recognized its harmful impact by including a specific target to fight corruption in the 2030 agenda for sustainable development. However, that hope never stand the true test of time. Evacuation of almajirai good for nigerias development ywc. Corruption as the bane of nigeria s development this is a gst topic for students of the university of uyo offering the course and other institutions.
Corruption is a world wide phenomenon and there hardly any society without one form of corruption. Corruption as the bane of nigeria s development, then, read on. Thus, without mincing words the phenomenon has ravaged the country and destroyed most of what is held as cherished national values. Ogbeidi 2012, examined political leadership and corruption in nigeria since 1960, he opined that it is an incontrovertible fact that corruption has been the bane of nigeria s development. Consequently, it is obvious that corruption has been a major bane of socio economic and political development in nigeria. There are many barriers to economic development in ghana.
Political, economic, bureaucratic, judicial, moral and electoral are types of corruption existing. Pdf on oct 1, 2010, ikechukwu acha and others published corruption. Indeed, any attempt to understand the tragedy of development and the challenges to democracy in nigeria must come to grips with the problem of corruption and stupendous wastage of scarce resources. It is an incontrovertible fact that corruption has been the bane of nigerias development. Corruption is considered a strong constraint on growth and development. Yury fedotov, executive director of the united nations office on drugs and crime in his address to the fifth session in panama city, 20. Corruption is the bane of nigerian socio economic development which threatens the existence of nigeria as a political entity, it is therefore imperative that all and sundry should engage in anti corruption struggle. Political leadership and corruption in nigeria since 1960.
The study relied on secondary source of data collection. Identifying impact of corruption on economic growth. Strategies for achieving sustainable development in. Issues and challenges corruption is widespread in most government in nigeria not because the people are different from people from other part of the world, but because the society is conducive for it. The study used gross domestic product gdp as a proxy of economic growth and. Attempt at achieving this objective has led to the segmentation of the paper into three main sections. Understanding nigerian development crisis olanrewaju, john. Article information, pdf download for political corruption in nigeria. It concludes with pungent recommendations on how to curb judicial corruption and make for economic development in nigeria. The aim is to evaluate its effect on the nigerias economy. Corruption has been the bane of legitimacy, democratic stability and socio economic and political development in nigeria. It is an incontrovertible fact that corruption has been the bane of nigeria s development. The determinants of corruption a literature survey. General studies directorate abubakar tafawa balewa university, bauchi, nigeria abstract corruption is a worldwide phenomenon which has bee n with societies throughout history.
Bibliography on corruption in nigeria united nations office on. Corruption has always existed in different forms, and is not determined by politics or geography. It has been observed by scholars and commentators that corruption is a major challenge to social, political, and economic development in any country. Corruption in nigeria is so devastating and alarming that it has virtually affected every sector of the economy. National economic empowerment and development strategy needs, vision 20. The consequences of corruption are unfavorable for the progress of any society. Abstract corruption in nigeria has reached an alarming rate that it seems every effort made by successive governments to tackle the monster has been without any. A concise and wellwritten material on this topic, corruption as the bane of nigeria s development is now. The academic literature, however, finds different effects of corruption on economic performance. Corruption takes many forms and infiltrates all political institutions and economic sectors. Abstract corruption in nigeria has reached an alarming rate that it seems every effort made by successive governments to tackle the monster has been without any result in order to salvage the countrys situation and transform the economy. The reality is that under the present economic development agenda, corruption and political corruption in particular has increased and become wide spread more than any moment in the past history of nigeria.
However, the study introduces a new perspective on the role of corruption in economic growth and provides quantitative estimates of the impact of corruption on the economic growth in nigeria as well as their causal relationship. National economic empowerment and development strategy. The commissioner, ministry of establishments, training and. Corruption has created massive unemployment in the country, which has in turn worsened the insecurity situation in nigeria. Pervasive corruption as the bane of development in nigeria. Despite its enormous array of resources, the nigerian economy has witnessed a period of. Corruption in nigeria and other parts of the world has many effects. Expressing concern over the rate of corruption and poverty in the country, actionaid nigeria, an international nongovernmental organisation, underscored the need for a stronger collaboration in efforts to fight corruption and poverty, insisting that the two factors were the bane of the countrys development. The ruling government is not performing its functions as promised, and officials are too busy enriching their pockets to govern effectively. Corruption as a bane for under development in nigeria. Nigeria s goal under the national economic empowerment development strategy needs program is to reduce inflation to the single digits. If you have interest in getting a complete material on this topic.