-
The Corruption In Nigeria: A Threat To Sustainable Economic Development
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
-
-
-
1.4 OBJECTIVE OF THE STUDY
1 To appraise the nature of corruption in Nigeria
2 To determine the causes and effect of corruption on sustainable economic development in Nigeria
1.5 SIGNIFICANCE OF THE STUDY
The study shall project the ill effect of corruption on the economic development of Nigeria.
It shall also serve a veritable source of information on issues of corruption
1.6 STATEMENT OF HYPOTHESIS
1 H0 Sustainable economic development in Nigeria is high
H1 Sustainable economic development in Nigeria is low
2 H0 Corruption in Nigeria is low
H1 Corruption in Nigeria is high
3 H0 The effect of corruption on sustainable economic development in Nigeria is low
H1 The effect of corruption on sustainable economic development in Nigeria is high
1.7 SCOPE OF THE STUDY
The study appraises corruption in Nigeria and elucidates its effect on sustainable economic development
1.8 DEFINITION OF TERMS
CORRUPTION
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
ECONOMIC DEVEDLOPEMENT DEFINED
According
to Imhonopi & Urim (2010), national development is the ability of a
country or countries to improve the social welfare of the people,
namely, by providing social amenities like good education, power,
housing, pipe-borne water and others. The components of national
development include economic development, socio-cultural empowerment and
development and how these impact on human development. Without human
development, which is the development of the human capital of a nation
or its citizens, national development can be thwarted or defeated. In
fact, human development is one basis for judging the effectiveness of
the economic development component of national development (Ogboru,
2007; Ranis, Stewart, & Ramirez, 2000). As they observed, economic
development expressed in GNP can increase human development by
expenditure from families, government and organizations such as NGOs.
With the increase in economic growth, families and individuals will
likely increase expenditures with the increase in income. This increase
can lead to greater human development. Streeten (1982) put it better
when he said that development must be redefined as an attack on the
chief evils of the world today such as malnutrition, disease,illiteracy,
slums, unemployment and inequality. In other words, development must be
measured in terms of jobs created, justice dispensed and poverty
alleviated.
CHAPTER ONE -- [Total Page(s) 2]
Page 2 of 2
-
-
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---
