Corruption and Bad Governance: A Threat to National Economic Security in Nigeria During Democratic Dispensation

Abstract

This paper investigated empirically corruption and bad governance as a threat to national economic security in Nigeria during democratic dispensation. The paper employed secondary data notably time series which was elicited from the National Bureau of Statistics (NBS), World Development Indicators (WDI) and global competitive index. The study begins by testing the stationarity property of the variables using Augmented Dickey Fuller in order to avoid obtaining a spurious regression result. Result from the stationary test revealed that all the variables are stationary at different order of integration. Result from the analysis was analyzed using ordinary least square method. The paper find out that corruption and bad governance impacted negatively and significantly to national security in Nigeria for the period under review. In the wake of this finding the paper strongly recommended that, the present government should continue and strengthen its fight against corruption in the country, this will go a long way in addressing governance morass, economic chaos, social pandemonium, political hullabaloo and security decay in the country.