The paper seeks to examine the effects of corruption on economic development in Nigeria. It highlights the probable root – causes of corruption, and the likely factors that give vent to its exacerbation in the Nigerian economy. The paper examines the apparent machinery through which corruption impairs economic development in Nigeria.
To meaningfully curb corruption in Nigeria, a selfless, disciplined, and visionary leadership is inevitable. The Nigerian judicial system should make the courts to, indeed, function as “courts of justice”, and allow the law to be practically “blind” in its operations. More so, Nigeria’s mode of production should change from the one which engenders and supports income inequality among the people to the one characterized by equity and justice in the distribution of national output.
For without which, anti – corruption strategies adopted in Nigeria will have very little or no effect, and corruption will not attenuate, but rather it will accentuate. And the yearning for meaningful economic development in Nigeria will not be reached easily.