Abstract
The main aim of this study is to analyze how corruption impedes the development of most African countries with Nigeria as a case study. In Nigeria, corruption is among the many unsolved challenges which have critically affected the country’s economic development. It has also been identified as one the roadblocks to the economic transformation of her (Nigerian) economy. In few words, corruption refers to a socioeconomic situation where public funds and resources meant for development are diverted and used for private gains, and it is showcased in various means which ranges from misuse of public positions, lack of accountability and misappropriation of public funds, increase in prices of contracts, high-level bribery, forgery of documents and contracts agreements, tax dodging and evasions, and other locally know common deceptions called as “419”, among others. During the research, various kinds/types of corruption were highlighted, its adverse effects, with policy recommendations proffered to eradicate this unnecessary evil.
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