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The Corruption In Nigeria: A Threat To Sustainable Economic Development
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INTRODUCTION
Amuwo (2005) and Obayelu (2007) consider corruption as
the exploitation of public position, resources and power for private
gain. Fjeldstad&Isaksen (2008, p. 3) and Ogundiya (2009, p. 5)
define corruption as “the betrayal of public trust for individual or
sectional gain.†Obayelu went further to identify corruption as “efforts
to secure wealth or power through illegal means for private gain at
public expense; or a misuse of power for private benefit.†Corruption
covers a broad spectrum of activities ranging from fraud (theft through
misrepresentation), embezzlement (misappropriation of corporate or
public funds) to bribery (payments made in order to gain an advantage or
to avoid a disadvantage). From a political point of view, Aiyede (2006,
p. 5) views corruption as “the abuse or misuse of public or
governmental power for illegitimate private advantages.†His view
corroborates the position of Lipset and Lenz (2000) that corruption is
an effort to secure wealth or power through illegal means for private
benefit at public expense. Tanzi (1998) adds that such abuse of public
power may not necessarily be for one’s private benefit but for the
benefit of one’s party, class, tribe, or family. Although corruption is
global in scope, it is more pronounced in developing societies because
of their weak institutions. It is minimal in developed nations because
of existing institutional control mechanisms which are more developed
and effective.
CHAPTER I
1.1 BACKGROUND OF THE STUDY
The
effects of corruption on a nation’s economy are damaging. A nation
inundated with corruption cannot be viable economically; neither can the
system generate enough support/ affection required for the survival of
democratic system. This is a situation in Nigeria where corruption has
become part and parcel of the political culture. Corruption has indeed
robbed Nigerians the benefit of economic development because scarce
available resources that should have been deployed to execute
development project have gone into private foreign accounts.
Corruption
is widespread in Nigeria, not because the people are different from
other parts of the world, but because the conditions are ripe for it.
There are many reasons why this is so. The motivation to earn income
from among the populace is relatively stronger; exacerbated by poverty,
unemployment and low wages. In many developing countries Nigeria
inclusive, accountability is generally weak. Political competition and
civil liberties are often restricted. Laws and principles of ethics in
governance are poorly developed and the legal institutions charged with
enforcing them are ill-prepared
The research seeks to investigate corruption in Nigeria as a threat to sustainable Economic development
1.2 STATEMENT OF THE PROBLEM
The problem confronting this research is to appraise corruption in Nigeria as a threat to sustainable economic development
1.3 RESEARCH QUESTION
1 What is the nature of corruption in Nigeria?
2 What are the causes of corruption in Nigeria?
3 What is the effect of corruption on sustainable economic development in Nigeria?
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ABSRACT - [ Total Page(s): 1 ]The research provides a conceptual and theoretical appraisal of corruption in Nigeria as a threat to sustainable economic development. It elucidate the nature and effect of corruption and determine measures to mitigate and eliminate the trend in Nigeria. ... Continue reading---
