THE POLITICAL ECONOMY OF CORRUPTION AND DEVELOPMENT IN NIGERIA

Akav, Benjamin Terungwa

Department of Political Science

University of Mkar, Mkar

ABSTRACT

The paper specifically examines with concrete examples via political economy approach, the concept of corruption and its repercussions on Nigeria and what is to be done in combating the increasing spread of its tumour to all stratas of the Nigerian socio-economic, political and cultural lives. In the process it was revealed that the lack of definitional unanimity on the concept has made its mere explanation the analytical goal rather than offering meaningful solutions to the problem it posses by way of its covert or overt institutionalization, to the growth of the Nigerian society. The paper advocates as part of the solutions to the quagmire, preliminary war of the mind by agents of socialization and a state and ruling class that preach and practice positive values.