Addressing the Challenges of Corruption for Attainment of Faster Growth in Nigeria
Addressing the Challenges of Corruption for Attainment of Faster Growth in Nigeria |
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Category: Journal Articles
Author: Uka Ezenwe
Volume: 58 Issue No:1 Year:2016
Abstract: This paper examines the damaging effects of corruption on the Nigerian economy. Corruption raises transaction costs, lowers efficiency of public expenditure, discourages foreign direct investment and undermines everything the law enforcement community works toward, among other things. It flourishes under situations of lax standards and controls as well as undue rent-seeking behaviour. The prevalence, historical growth and determinants of corruption are also discussed in the paper. Attempts by successive governments to address the challenges of corruption in Nigeria are highlighted. If anything, past efforts lacked both the resolute political will and focused enforcement drive necessary to ‘kill’ corruption. The study considered some country experiences and a range of policy options for taming the corruption menace. It became clear that the war against corruption must be focused, total and holistic to achieve the desired outcome. Against this backdrop some policy recommendations are made as the way forward.
JEL classification: A13, 14; E03, G28
Price: N500.00 | 
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Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c
The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen
63rd ANNUAL CONFERENCE ANNOUNCEMENT
26 - 30 September 2022
Venue: Kano, Kano State, Nigeria
At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held