Analyzing the Foundation of Corruption in Nigeria: Panacea for the Development of Nigeria

Abstract

This paper tends to analyze the foundations of corruption in Nigeria, as a means of hypothetical remedy of the dangers done, looking forward to a proper development strategy of Nigeria. The work utilizes data through secondary sources and relies on the extractive theory as a framework of analysis to explore incidences of corruption and its effects on Nigeria’s developmental strides. It identifies causes of corruption to include poverty, pressure from families, community ethnic loyalties, amongst others. It recommends among other strategies, the implementation of stiff penalties, such as execution of corrupt people, leadership recruitment by merit and the provision of basic amenities as solution to the corrupt nature of the society.