Comparative Study of Causes and Effects of Economic Corruption in Nigeria
American Journal of Theoretical and Applied Business
Volume 5, Issue 2, June 2019, Pages: 32-39
Received: Aug. 27, 2019;
Accepted: Sep. 6, 2019;
Published: Sep. 21, 2019
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Casmir Onyeneke, Department of Mathematics and Statistics, Hezekiah University, Umudi, Nigeria
Edward Victorhez, Department of Computer Science, Hezekiah University, Umudi, Nigeria
Nwosu Joyce, Department of English and Literary Studies, Hezekiah University, Umudi, Nigeria
Frankline Anyanwu, Department of Mathematics and Computer Science, Hezekiah University, Umudi, Nigeria
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This work analyzes the terms contributing to economic corruption in the Nigeria. The analyses shows that privatization of public sectors has affected the economy negatively. Some public policies contribute to the growth either negatively or positively to the growth and development of Nigerian economy. In many countries, the way economy is defined is how it is in their country. Some countries, particularly in Africa, have a low decreasing economic growth as a result of corruption and mismanagement. It seems that every year the price of goods and costs of living increase sequentially, example, a litre of fuel was sold at a minimum price of ₦60 in 2012, while in 2018 the minimum price was ₦145 which was not proper. As stated above, ‘Economy deals with men in their ordinary business of life, earning and enjoying a living’. From this statement, it was observed that it is not true in Nigeria. Many people have ordinary businesses that earn, but not enjoying any living due to hardship caused by series of corrupt practices. Many people work just to eat two times a day, while some strives to maintain a particular meal type | diet for a weak in order to survive. Some work as civil servants but owed for months by government showing that the business is there but, they are not enjoying any living due to corruption in an economy.
Economic, Corruption, Privatization, Politics, Health, Employment, Government, Budget, Education
To cite this article
Comparative Study of Causes and Effects of Economic Corruption in Nigeria, American Journal of Theoretical and Applied Business.
Vol. 5, No. 2,
2019, pp. 32-39.
Copyright © 2019 Authors retain the copyright of this article.
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