Corruption and Development Crisis in Nigeria, 1999- 2015

Abstract

This paper examines the heightened level of corruption in Nigeria and its effects on national development initiatives since the return to democratic rule in 1999. It argues that corruption which has been considered a cankerworm that has eaten very deep into the fabrics of Nigeria body politics has so badly retarded development in Nigeria. Public exploitation and abuse of public offices for private gain has made the country circumnavigating in her developmental efforts. And for this reason, the country is being perceived or reputed as one of the top failing states in Africa. The paper recognises the correlation between corruption and national development and therefore submits that corruption can be stemmed down through the demonstration of strong political will and commitment or adherence to the rule of law while adequate punishment is meted on corrupt leaders and individuals. It analyses the current trends of corruption since the birth of the fourth republic and therefore concludes that, the endemic nature of corruption which have permeated all facet of the Nigeria society (both in private and public sectors is evidence of lack of commitment and strong will by authorities and government institutions to entrench transparency and accountability in governance in the country.