The Negative Impact of Corruption on Development in Nigeria

Abstract

The study examines the impact of corruption on development in Nigeria. It adopts a descriptive approach. After a critical analysis of literatures, reports and data , it realises that the impact of corruption include among others, poor economic growth, poor infrastructural development, under utilization of human and natural resources, distorted policies and poor policy implementation and a colossal loss of public funds and poor inflow of foreign direct investments. In tackling this negative impacts, the study recommends among others, an attitudinal reorientation on the part of citizens both in private and public sectors towards corruption, strengthening of the anti-corruption agencies in order to discharge their duties efficiently and effectively, prompt judicial adjudication of corruption cases in the law courts so that those found guilty would be sanctioned accordingly to serve as a deterrent to others.

Keywords: Impact, corruption, economy, development