It is clear to every citizen that the level of corruption in the country is high.
Messenger There are at least two important things to consider when examining the developmental trajectory of states when it comes to corruption.
The first is that there are different types of corruption. The second is that the international community — at least through its media — looks on some types of corruption less favourably than others.
But, this is write an article on corruption in nigeria foreign misplaced. The assumption appears to be that if the billions stolen by corrupt leaders were recovered and invested properly in public services, Nigeria would prosper.
There are several problems with this notion. Economic development is not an event occurring at a single point in time.
It is an ongoing and dynamic process. If corruption does in fact affect systemic economic performance, we need nuanced analysis to figure out how that happens. It affects the ability of business to efficiently and effectively calculate the cost of transactions.
North argued that the development of rule of law institutions, for example, is what enabled economic development in the UK. Business innovators could work in an environment where the cost of business can be reliably calculated and legally maintained.
But this has not meant that countries such as the UK are free of corruption.
They are merely corrupt in a way that does not overtly hamper economic productivity. Inthe Bank assessed that Indices such as these are questionable given the possibly dubious measurements involved in producing them. Nevertheless, this type of hard-to calculate corruption practised in countries like Nigeria likely affects economic growth.
The fact that both domestic and international businesses cannot accurately calculate the cost of doing business in Nigeria makes them jittery at the best of times. Investors and business people put a premium on stability, credibility and predictability.
But that is not the same as saying that Nigeria is any more corrupt than any other country and that such corruption is the cause of its poor economic development. To further draw a distinction between different types of corruption, it is worth looking at the case of the Asian tigers.
Their remarkable economic growth up until the early s is still being lauded. In countries like Japan, Singapore, South Korea and Taiwan, corruption was rife throughout their political and economic systems, as well as between big business and government.
It is possible that the only difference between the kind of corruption in these Asian economies and that found in Nigeria is that the former was a more organised form of corruption. Investors could credibly predict when, at what stage, and to whom, bribes were to be paid. In other words, corruption could be calculatedthus stabilising the transaction costs of doing business.
The kind of corruption that takes place in countries like Nigeria is perhaps comparable to the patrimonial corrupt practices that were prevalent in feudal Europe and the wars that built its states.
Historical examination tells of a people not significantly different in behaviour from their modern day Nigerian counterparts. Shutterstock While corruption in itself may not be the sole and simplistic cause of poor economic development, there is value in the moral repugnance that it elicits among the masses.
It is their livelihoods that are being pocketed by those who neither care for, nor respect, the public from whom they steal. If the public who suffer the consequences of gross and morally outrageous corruption are outraged enough to be organised, then political change and development may be one possible outcome.
The French Revolution provides at least one good example. As Theda Skocpol and Barrington Moore suggest, at the very least, political — if not structural economic — change and development has been achieved by a working class morally enraged enough to be well organised by the middle classes in revolting against a small rich bourgeoisie.
Another option, at the very least, is the streamlining and control of corrupt practices so that higher and lower level officials are organised and coordinated enough to ensure that whatever corruption occurs does so in a way that does not discourage business and technological investment and innovation.
This article is based on an earlier blog on politicalmatter.Nigeria is not quite the most corrupt country on attheheels.com according to Transparency International, which monitors international financial corruption, it is not far off — coming a shameful nd.
The specific type of erratic but institutionalised corruption that affects Nigeria is reflected in the country’s position at on the World Bank’s Ease of Doing Business Rankings. Nigeria: corruption and insecurity. Corruption in Nigeria. Unfortunately, simply bringing in financial help and military hardware from around the world to help locate the missing girls is only a stop-gap measure for Nigeria: it will not halt the endemic problem of corruption that fuels insecurity.
Foreign bribery rages unchecked in over. A Case Study of Corruption and Public Accountability in Nigeria. Executive Summary. Consequences of Public Sector Corruption in Nigeria powers in the areas of defense, foreign relations, commercial and fiscal policies.
In this parliamentary system, the northern region had more seats in parliament than the western and. They were of the view that the continuous preference for foreign companies was instigating corruption and. News. Africa; The News Agency of Nigeria reports that the petition was requesting the.
Nigeria justifiably has a reputation for corruption and criminal networks. But it is by no means one of the two most corrupt countries in the world. Somalia and North Korea hold that distinction.