ABSTRACT
This
study was intended to evaluate corruption in Nigeria; a threat to sustainable
economic development. This study was guided by the following objectives; To
appraise the nature of corruption in Nigeria, To determine the causes and
effect of corruption on sustainable
economic development in Nigeria.
The study employed the explanatory design; secondary data extracted from the published annual reports of
the commercial bank was used for the study. The secondary source
used in conducting this research was based extensively on documentary sources
also it involved Publications of Central Bank of Nigeria and monetary
institutions, while regression statistical tool was used for the analysis. The
model for the study comprises of two constructs Corruption index (CI) and employment
(em). The study findings revealed that That the level of corruption has
an effect on economic development in Nigeria.
The study shall project the ill
effect of corruption on the economic development of Nigeria.
TABLE OF
CONTENTS
Title Page - - - - - - - - - i
Approval Page - - - - - - - - ii
Declaration - - - - - - - - iii
Dedication - - - - - - - - - iv
Acknowledgement - - - - - - - v
Abstract - - - - - - - - - vi
Table of Contents - - - - - - - vii
CHAPTER
ONE – INTRODUCTION
1.1 Background of the Study - - - - -
1.2 Statement of General Problem - - - -
1.3 Objective of the Study - - - - - -
1.4 Research Questions - - - - - -
1.5 Hypothesis
- - -
- - -
- - -
1.6 Significance of the Study - - - - -
1.7 Scope of the Study - - - - - -
1.8 Definition of Terms - - - - - -
CHAPTER
TWO – REVIEW OF RELATED LITERATURE
2.1 Introduction - - - - - - - - -
2.2 Theoretical Framework - - - - - - -
2.2 THEORETICAL FRAMEWORK - - - - - -
2.3 THE CONCEPT OF CORRUPTION - - - - -
2.5
CONCEPTUAL FRAMEWORK OF CORRUPTION - - -
2.6 CAUSES OF
CORRUPTION - - - - - - -
2.6 SOLUTIONS
TO CORRUPTION PROBLEMS IN NIGERIA- -
CHAPTER
THREE – RESEARCH METHODOLOGY
3.1 Introduction - - - - - - - - -
3.2 Research Design - - - - - - - -
3.3 Area of the Study - - - - - - - -
3.4 Population of Study - - - - - - - -
3.5 Sample size and Sampling Techniques - - - - -
3.6 Instrument for Data Collection - - - - - -
3.7 Validity of the Instrument - - - - - - -
3.8 Reliability of the Instrument - - - - - -
3.9 Method of Data Collection - - - - - - -
3.10 Method of Data Analysis - - - - - - -
CHAPTER
FOUR – DATA PRESENTATION AND ANALYSIS
4.0 Introduction - - - - - - - - -
4.1 Data Presentation and Analysis - - - - - -
4.2 Characteristics of the Respondents - - - - -
4.3 Data
Analysis - - - - - - - - -
4.4 Testing Hypothesis - - - - - - - -
4.5 Summary
of Findings - - - - - - - -
4.6 Discussion of Findings - - - - - - -
CHAPTER
FIVE – SUMMARY, CONCLUSION AND RECOMMENDATION
5.0 Introduction - - - - - - - - -
5.1 Summary - - - - - - - - - -
5.2 Conclusion - - - - - - - - - -
5.3 Recommendations - - - - - - - -
References
- - - - - - - - - -
Appendix - - - - - - - - - -
CHAPTER
ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
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.” His view corroborates the position of Lipset
and Lenz (2000) that corruption is an effort to secure wealth or power through
illegal means for private benefit at public expense. Tanzi (1998) adds that
such abuse of public power may not necessarily be for one’s private benefit but
for the benefit of one’s party, class, tribe, or family. Although corruption is
global in scope, it is more pronounced in developing societies because of their
weak institutions. It is minimal in developed nations because of existing
institutional control mechanisms which are more developed and effective.
The effects of corruption on a nation’s
economy are damaging. A nation inundated with corruption cannot be viable
economically; neither can the system generate enough support/ affection
required for the survival of democratic system. This is a situation in Nigeria
where corruption has become part and parcel of the political culture.
Corruption has indeed robbed Nigerians the benefit of economic development
because scarce available resources that should have been deployed to execute
development project have gone into private foreign accounts.
Corruption is
widespread in Nigeria, not because the people are different from other parts of
the world, but because the conditions are ripe for it. There are many reasons
why this is so. The motivation to earn income from among the populace is
relatively stronger; exacerbated by poverty, unemployment and low wages. In
many developing countries Nigeria inclusive, accountability is generally weak.
Political competition and civil liberties are often restricted. Laws and
principles of ethics in governance are poorly developed and the legal
institutions charged with enforcing them are ill-prepared
The
research seeks to investigate corruption in Nigeria as a threat to sustainable Economic
development.
1.1 STATEMENT OF THE PROBLEM
The problem confronting this
research is to appraise corruption
in Nigeria as a threat to
sustainable economic development
1.2 RESEARCH QUESTION
1 What is the nature of corruption in Nigeria?
2 What are the causes of corruption in Nigeria?
3 What
is the effect of corruption and unemployment on sustainable economic
development in Nigeria?
1.3 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
1.4 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
1.5 STATEMENT OF HYPOTHESIS
1. H0 there is no relationship between the
corruption index and employment level.
H1 there
is a relationship between the corruption index and employment level.
2. H0 level
of corruption does not have an effect on sustainable economic development in
Nigeria
H1 level
of corruption does not have an effect on economic development in Nigeria
3. H0 there is no effect of corruption index and
employment level on sustainable economic development in Nigeria.
H1 there is an effect of corruption index and
employment level on sustainable economic development in Nigeria.
SCOPE OF THE STUDY
The study appraises corruption in
Nigeria and elucidates its effect on sustainable economic development