Corruption: How It Affects The Nigerian Economy

MIST926 (Research Methods and Design)

Submitted by Adeniyi Opeoluwa Idowu

ID#4955109

Corruption: How it affects the Nigerian economy

Introduction

Whenever we hear the word corruption we usually jump of our heels and only consider the negativity of corruption impact on various situations like the misuse of power by officials and according to the words of Lord Action “Power corrupts and absolute power corrupts absolutely”. But in my opinion I believe the effect of corruption is associated with factors such as the country’s legal structure, quality of government and political system. Which I believe that in under developed nations with inadequate government institutions and a well-structured system. Corruption is a menace which can spread like

Research methodology

According to the articles, the research mechanism and methodology that was used in the different articles presented in the cases differ from the method of data collection or facts, theory formulation and a conclusion. One of the examples is the case where the paper explores the connection between the police and corruption in Nigeria. , it described the corrupt practices in the police force are not a one-off event, rather they constitute a web of structural and accentuating factors, which are analyzed within the political, economic, social, and cultural environment (Oluwaniyi, 2011). This is an issue that is crippling the means and methods used by police officers in perpetuating corruption.

Corruption is not bound or indifferent to any country, organization or continent, but rather it is sure a global issue today within our very society which I believe to be an endemic to all government all over the world. However, corruption is prevalent in the Niger delta region of Nigeria, where public officials in this oil producing state of Nigeria are absolutely corrupt.

As a result, this has defied the country’s oil producing region from developing both economically

At the end of this survey, the conclusion I believe is that when going into business In Nigerian or African markets, one must consider the growth potential as well as uncertainty in the region due to the fact there is a high level of corruption within the bureaucracy, institutions and government officials there by leading to unnecessary and unaccountable loss of funds.

Views and acceptance of corruption

In some African nations like Nigeria, it is currently considered that to run any kind of business, one