Corruption: The Bane of National Development in Nigeria

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 country's situation and transform the economy; this study examines corruption in perspective of being the bane of National
development. The aim is to evaluate its effect on the Nigeria's economy. This
study employs a self-designed questionnaire validated by experts to collect
required data. The data so collected were analyzed using simple percentage and tabular. Findings reveal that corruption and good governance in Nigeria are two parallel lines that will never meet and that corrupt practices do impede the country's socio-economic development. It is also discovered that taming the surge of corruption will help a lot in transforming Nigeria economy for better. Based on the above, it is recommnded among others that empowering the audit office by law to query irregularities from top to bottom with the rule of "no sacred cow" while a mechanism is put in place to protect the audit, melting of stiffer measures along with payback system for corrupt individuals, payment of employment stipends and allowances to young unemployed graduates on monthly basis till they are able to secure gainful employment, among others are proposed.