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| Effect of Corruption on Economic and Societal Development A Review of the Nigerian Economic and Political Environment: The Executive Perspective
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EDEME, Nelson Chidi
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Abstract:
The study examined the effect of corruption on economic and societal development and also discussed the causes and effect of corruption. The study established the causes of corruption in Nigeria to socio-cultural and the political and economic situation of the country. The study revealed that corruption has been responsible for the instability of successive Nigerian administration since independence to date. Besides, it creates negative image and loss of much needed revenue for developmental purposes: it devalues the quality of human life: robs educational and health sectors of revenues; it slows down administrative processes thereby making the execution of government policies to be ineffective and efficient. The study recommends that, enlightenment of the citizen on the danger of excessive materialism, over ambitious, the culture of quick money and local and internet fraud. Besides, the property of any corrupt official should be judged accordingly and should also be jailed as a deterrent to others. Therefore, if certain reforms are not made, corruption is likely to continue to be a challenge regardless of the action directly aimed at fighting it.
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