AN ASSESSMENT OF CORRUPTION AND UNDERDEVELOPMENT IN NIGERIA (A CASE STUDY OF HALLIBURTON
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- NGN 3000
Abstract
Nigeria is one of the Countries in Africa that loses billions of dollars yearly because of corruption. She was ranked the second most corrupt country in the world in 2004 [Olu-Olu, 2008]. In 2005 and 2008, Nigeria was ranked 13th and 17th respectively out of 146 countries by Transparency International’s Corruption Perception Index [TICPI]. Although the 2007 ranking placed Nigeria as the 32nd most corrupt country out of 147 countries by TICPI, corruption still remains a serious problem in Nigeria [Shehu, 2006]. The term “corruption” covers a wide range of conduct patterns. It is a product of the socio-economic and political structure of any society. As a multi-faceted phenomenon, no single theory is equipped enough to explain its causation and/or control.
Corruption is not a Nigerian Word. It is an English Word. While corruption is an English word necessarily laced with western ideas, the concept behind it is found in other cultures. Corruption is one of the dare devils that stares humanity in the Face. This study examined various corruption cases and also evaluated the relationship between corruption and underdevelopment in Nigeria; findings from the study shows that corruption and underdevelopment is positively related as corruption leads to underdevelopment.
The study ended with some recommendation
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