AN ECONOMETRIC, ANALYSIS OF THE IMPACT OF CORRUPTION ON NIGERIA ECONOMY

ABSTRACT

This research examines the impact of corruption on Nigerian Economy.  It portrays a cursory investigation on the observed effects of corruption on different sectors - Public, Private and Foreign Sectors of the Nigerian Economy.

 

In order to achieve a well detailed result, an econometric analysis was employed to test the relationship between the dependent variable and independent variables. Tests like the ordinary least square regression was carried out to evaluate the long run impact of corruption on some selected sectors of the economy between 1979 and 2009. The findings of the study made it clear that corruption have both negative and positive impact on the growth of the economy. However, the negative impact of corruption, on the various sectors outweighs the positive, which is in line with previous empirical studies/findings.

 

Finally, the study reveals that corruption is a serious impediment against the proper functioning of the Nigerian economy and suggests that to have a healthy economy, the following should be put in place: restructured legal system, periodic private and public audit, re-orientation programmes, better remuneration of workers as well as involvement of religious and non-governmental organizations in the process.

 

 

 

CONTENT                                                                              PAGE

TITLE PAGE

CERTIFICATION

DEDICATION

ACKNOWLEDGMENT

ABSTRACT

TABLE OF CONTENTS

 

CHAPTER ONE

1.1     INTRODUCTION

1.2     STATEMENT OF THE PROBLEM

1.3      THE AIM AND OBJECTIVES OF THE STUDY

1.4      THE RESEARCH QUESTIONS

1.5     STATATEMENT OF RESEARCH HYPOTHESES

1.6     THE RESEARCH METHODOLOGY

1.7     THE SIGNIFICANCE OF THE STUDY

1.8     THE SCOPE AND LIMITATION OF THE STUDY

1.9     THE DEFINITION OF BASIC TERMS

l.10    THE ORGANISATION OF THE STUDY

 

CHAPTER TWO

2.1     INTRODUCTION

2.2     DEFINITION AND CONCEPT OF.CORRUPTION

2.3     CORRJPTION AND DEVELOPMENT: A REVIEW OF LITERATURE

2.4      CORRUPTION AND ITS IMPACT ON NIGERIAN ECONOMY

2.5      CONDITIONS FAVOURING CORRUPTION IN NIGERIA

 

CHAPTER THREE

3.1      INTRCDUCTION

3.2     CORRUPTION IN NIGERIA

3.3     THE STRUCTURE OF CONTROLLING CORRUPTION IN NIGERIA

3.4     ROLES OF CORRUPTION FIGHTING AGENCIES IN NIGERIA

3.4.1'   ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC)

3.4.2  NIGEHIA FINANCIAL INTELLIGENCE UNIT (NFIU)

3.4.3  INDEPENDENT CORRUPT PRACTICES AND OTHER RELATED

OFFENCES COMMISSION

3.5     FAILURE OF CORRUPTION FIGHTING AGENCIES /COMMISSION

 

CHAPTER FOUR

4.1    METHODOLOGY

4.2     METHODS OF ESTIMATION OF ANALYSIS

4.3      MODEL SPECIFICATION

4.3.1 ECONOMETRIC MODEL SPECIFICATION

4.3.2 A PRIORI EXPECTATION

4.3.3. SPECIFICATION BIAS

4.3.4  LIMITATIONS OF THE STUDY

4.4     SPECIFICATION OF DATA

4.5     EMPIRICAL RESULTS AND INTERPRETATION

 

CHAPTER FIVE

5.1     SUMMARY OF FINDINGS

5.2     RECOMMENDATIONS

5.3     CONCLUSION

BIBLIOGRAPHY

 

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