THE LEGAL AND INSTITUTIONAL MEASURES IN COMBATING CORRUPTION IN NIGERIA ISSUES, CHALLENGES AND PROSPECTS

📄 Project Abstract

Corruption has been a social problem in Nigeria with debilitating consequences on the growth and development of the country. The country is the sixth largest exporter of crude oil in the world earning therefrom a revenue of about 57 billion USD annually. The country also has the biggest agricultural output on the African continent and 25th in the world and is reputed to be the largest economy in Africa with a GDP of 481.07 billion USD as of 2015. If properly utilized, the resources of the country can make the country grow to becoming one of the most developed countries of the world. The country has however failed to develop to its potential as a result of both pervasive and endemic corruption which has virtually crippled the country. It is estimated that the country has lost about 400 billion USD to corruption since independence in 1960 occasioning impoverishment of the vast majority of its population and dilapidation of the nations infrastructure critical for social and economic growt...