IMPACT OF CORRUPTION ON ECONOMIC DEVELOPMENT OF NIGERIA FROM 2011-2015

ABSTRACT

In addition, this study found a negative correlation between levels of corruption and economic growth thereby making it difficult for Nigeria to develop fast. In Nigeria, corruptions hinder the Economic; reduce economic efficiency and create unemployment despite the enormous resources in the country. Corruption creates negative national image and loss of much needed revenue. It devalues the quality of human life, robs schools, agricultural sectors, hospital and welfare services of funds. The biggest challenge for the country therefore is not just to punish corrupt behaviour or go into bargaining plea. The country must reverse the prevailing culture in which corruption is viewed as permissible. People should be educated on the dangers of excessive materialism and the culture of ‘get rich quick’. There is also the need for more job creation with better remuneration.

 

 

 

 

 

 

 

TABLE OF CONTENTS

 

CONTENT                                                                                                                Page

Title Page                                                                                                                      i

Approval Page                                                                                                              ii

Certification                                                                                                                  iii

Dedication                                                                                                                     iv

Acknowledgement                                                                                                         v

Abstract                                                                                                                         vi

Table of Contents                                                                                                          vii

 

CHAPTER ONE-       INTRODUCTION…………………………………………1

1.0       Background of the study       …………………………………………….1

1.1       Objectives of the study ……………………………………………………1

1.2       Research questions      ……………………………………………………………………………………3

1.3       Research hypotheses…………………………………………………………………………………3

1.4       Significant of the study          …………………………………………………………………………..4

1.5       Limitation of the study……………………………………………………………………………..5

 

CHAPTER TWO – LITERATURE REVIEW …………………………………6

2.0       Evolution of corruption          ……………………………………………………………………………6

2.1       Conceptual framework……………………………………………………………………………..9

2.2       Constituents of corruption in Nigeria………………………………………14

2.3       Evaluation of different administrations from 1985 IBB’S military government to the present (2010) Goodluck Jonathan’s administration ………16

2.4 Corruption: the Nigerian example             …………………………………………18

2.4.1The civilian government of Olusegun Obasanjo from 1999-2007          ……….. 18

2.4.2 Yar’ adua’s Administration ……………………………………………..18

2.4.3 The incumbent government of president good luck Ebere Jonathan …. 19

2.4.4 Cases of loot to the detriment of our economic development………….. 19

2.4.5 Loots under Abubakar ……………………………………………………20

2.4.6 Obasanjo’s era…………………………………………………………….21

2.5       Causes and types of corruption          ……………………………………………………………….21

2.6       Effects of corruption in Nigeria……………………………………………………………….25

2.7       Various vocabularies used to describe corruption and corruption typology in Nigeria……………………………………………………………………………………………………29

2.8       Corruption and economic development in Nigeria ……………………………… 30

 

CHAPTER THREE- RESEARCH METHODOLOGY  ……….………….32

3.0       Introduction……………………………………………………………..,…32

3.1       Research design……………………………………………………………32

3.2       Method of collection of data ………………………………………………32

 

CHAPTER FOUR - DATA PRESENTATION AND ANALYSIS…………34

4.0       Introduction…………………………………………………………………………………………….34

4.1       Causes and challenges of corruption ………………………………………34

4.2       Extent of corruption in Nigeria………………………………………......38

4.3    Measures established by government s to fight corruption in Nigeria   …..40

4.4       Anti- graft agencies and their fight against corruption in Nigeria………40

4.4.1    The Independent Corrupt Practices and other related offences commission (ICPC) ……………………………………………………………………………………………….        …..40

4.4.2   Economic and Financial Crimes Commission (EFCC) ……………….. 42

4.5       Achievements of government through these commissions in combating corruption in Nigeria……………………………………………………………………………… 43

4.6       Positive consequences of economic reforms and the use of anti-corruption instruments in Nigeria  ……………………………………………………………………………44

4.7       Negative consequences of economic reforms and anti-corruption instruments in Nigeria ………………………………………………………………………………………………. 47

4.8       The challenge of curbing corruption and implementation of economic reforms programmes the Nigeria …………………………………………………………..48

 

CHAPTER FIVE- SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION ………………………………………………………52

5.1 Summary of findings........................................................................................52

5.2 Conclusion....................................................................................................... 52

5.3 Recommendation...............................................................................................53

 

References........................................................................................................55