EFFECT OF CORRUPTION ON ECONOMIC GROWTH IN NIGERIA.
This research was carried out to investigate the “effect of corruption on economic growth” with special emphasis on how corruption affect gross domestic product, and government expenditure in the Nigerian economy, covering a period of twenty seven years (1986-2012). Regression analysis was used to analyze the data and the result showed that there is negative relationship between corruption and economic growth in Nigeria. Our findings support the conventional wisdom, which stipulate that corruption is detrimental to economic growth and development. It is a cankerworm that has eaten into the fabric of the fabric of the Nigeria economy. The research concludes that corruption impact negatively on economy growth and development should intensity is efforts in re-orientating the society against ills of corruption by establishing high ethical standard to which all and sundry should adhere. Beside stiffer sanctions should be imposed on those found guilty of corrupt practices including death sentences