Corruption is a pressing issue in Nigeria. President Muhammadu Buhari launched an anti-corruption drive after taking office in May, 2015. Corruption affects public finances, business investment as well as standard of living. Recent corruption scandals have highlighted the large sums that have been stolen and/or misappropriated. But little has been done to explore the dynamic effects of corruption as it affect the long run capacity of the country to achieve its potential. Economic corruption is a challenge internationally. To deal with it, we must investigate its causes. To do this, data from Nigeria for the period 1974-2012. It is revealed in the study that oil revenue and economic corruption in Nigeria are related. The study show that a 1% increase in oil revenue increase bribery, embezzlement and forgery in Nigeria by 15-43%. The study policies implications will be to enhance ways of reducing corruption and poverty so that the level of economic growth can be encouraging. That is the activities of the anti-corruption agencies in Nigeria such as the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practices and related Offences Commission (ICPC) should be strengthened.
| Published in | International and Public Affairs (Volume 2, Issue 1) |
| DOI | 10.11648/j.ipa.20180201.11 |
| Page(s) | 1-10 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2018. Published by Science Publishing Group |
Nigerian Economy, Oil Revenue, Economic Corruption, Government Expenditure
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APA Style
Anfofum Alexander Abraham, Olure-Bank Adeyinka Michael. (2018). Analysis of Oil Revenue and Economic Corruption in Nigeria. International and Public Affairs, 2(1), 1-10. https://doi.org/10.11648/j.ipa.20180201.11
ACS Style
Anfofum Alexander Abraham; Olure-Bank Adeyinka Michael. Analysis of Oil Revenue and Economic Corruption in Nigeria. Int. Public Aff. 2018, 2(1), 1-10. doi: 10.11648/j.ipa.20180201.11
AMA Style
Anfofum Alexander Abraham, Olure-Bank Adeyinka Michael. Analysis of Oil Revenue and Economic Corruption in Nigeria. Int Public Aff. 2018;2(1):1-10. doi: 10.11648/j.ipa.20180201.11
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Download@article{10.11648/j.ipa.20180201.11,
author = {Anfofum Alexander Abraham and Olure-Bank Adeyinka Michael},
title = {Analysis of Oil Revenue and Economic Corruption in Nigeria},
journal = {International and Public Affairs},
volume = {2},
number = {1},
pages = {1-10},
doi = {10.11648/j.ipa.20180201.11},
url = {https://doi.org/10.11648/j.ipa.20180201.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ipa.20180201.11},
abstract = {Corruption is a pressing issue in Nigeria. President Muhammadu Buhari launched an anti-corruption drive after taking office in May, 2015. Corruption affects public finances, business investment as well as standard of living. Recent corruption scandals have highlighted the large sums that have been stolen and/or misappropriated. But little has been done to explore the dynamic effects of corruption as it affect the long run capacity of the country to achieve its potential. Economic corruption is a challenge internationally. To deal with it, we must investigate its causes. To do this, data from Nigeria for the period 1974-2012. It is revealed in the study that oil revenue and economic corruption in Nigeria are related. The study show that a 1% increase in oil revenue increase bribery, embezzlement and forgery in Nigeria by 15-43%. The study policies implications will be to enhance ways of reducing corruption and poverty so that the level of economic growth can be encouraging. That is the activities of the anti-corruption agencies in Nigeria such as the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practices and related Offences Commission (ICPC) should be strengthened.},
year = {2018}
}
TY - JOUR T1 - Analysis of Oil Revenue and Economic Corruption in Nigeria AU - Anfofum Alexander Abraham AU - Olure-Bank Adeyinka Michael Y1 - 2018/04/03 PY - 2018 N1 - https://doi.org/10.11648/j.ipa.20180201.11 DO - 10.11648/j.ipa.20180201.11 T2 - International and Public Affairs JF - International and Public Affairs JO - International and Public Affairs SP - 1 EP - 10 PB - Science Publishing Group SN - 2640-4192 UR - https://doi.org/10.11648/j.ipa.20180201.11 AB - Corruption is a pressing issue in Nigeria. President Muhammadu Buhari launched an anti-corruption drive after taking office in May, 2015. Corruption affects public finances, business investment as well as standard of living. Recent corruption scandals have highlighted the large sums that have been stolen and/or misappropriated. But little has been done to explore the dynamic effects of corruption as it affect the long run capacity of the country to achieve its potential. Economic corruption is a challenge internationally. To deal with it, we must investigate its causes. To do this, data from Nigeria for the period 1974-2012. It is revealed in the study that oil revenue and economic corruption in Nigeria are related. The study show that a 1% increase in oil revenue increase bribery, embezzlement and forgery in Nigeria by 15-43%. The study policies implications will be to enhance ways of reducing corruption and poverty so that the level of economic growth can be encouraging. That is the activities of the anti-corruption agencies in Nigeria such as the Economic and Financial Crime Commission (EFCC) and the Independent Corrupt Practices and related Offences Commission (ICPC) should be strengthened. VL - 2 IS - 1 ER -
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