The Effect of Corruption on Socio-Economic Development of Nigeria

Abstract

This study springs up because socio- economic development is very pertinent to all, hence it would be regarded as the apex of our social existence. It will help to identify how deeply corruption has really affected socio- economic development of Nigeria. However, this study aims to enable us know the causes of corruption, and to find out how deep corruption has eaten into the fabric of Nigeria’s society, etc. It also tends to examine the effect of corruption on Nigeria’s various socio- economic developments and tries to explore on the damage which this disease has caused to the image of the nation since 1985 up till the year 2010. By then, the effort of the anti- graft agencies EFCC and ICPC would also be examined to see if they have been efficient in discharging their duties, and to suggest the better way in more holistic and independent manner which would help as an encouragement for them to face the fight or war against corruption without fear or favour of the power that be. The result of this evaluation here is to show that this issue of corruption in Nigeria is an important national issue and has to be treated with all carefulness. There is great need for people to be shakier over the damage which corruption would cause if neglected. Based on the analysis of this work, government would know how best to fight corruption and alleviate the heat of it so as to build stronger and healthier economy. A lot of work would have been done on this subject; some might have done it with less seriousness. To allow for socio- economic development, this subject has to be treated objectively with utmost care. And it is that objectives I would say, this work have  appeared to achieve it.