Benue State University, Makurdi

CORRUPTION AND NIGERIA’S SOCIO-POLITICAL ECONOMY: IMPLICATIONS FOR ECONOMIC DEVELOPMENT

AMEH EMMANUEL OCHEJENI

Abstract

This paper examines corruption in the context of Nigeria‘s Socio Political economy in addition, its implications for economic development. In the study, the nature and character, the causes and consequences of corruption and its implications for economic development were critically and dispassionately examined. The findings have established that there is negative relationship between corruption and economic development as the incidence of corruption has been proved to have deleterious effect on economic development. This being the case, it is advocated that corruption be seriously tackled through the institution of the principles and practice of good governance to ensure income equality, through massive increase in employment and wealth creation activities and by effecting a change in the moral values of society to ensure compliance with due processes. This is required to boost transparency and accountability in public and private transactions.

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