Hello all, this is my first post and I want to share a policy brief I produced on the impact of corruption on economic growth in Nigeria. As stated in the introduction, lifting millions of Nigerians out of poverty requires improving the quality of governance. This article provides an insight as to how corruption has prevented Nigeria from achieving poverty reducing growth needed to improve the well being of Nigerians and think about ways to address the issue based on Nigeria’s political economy. I will be happy to receive your comments on this. Please click the link below to access the article.
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B2vNy3QoOvZbZGVjYTM3N2UtY2RhOC00YTIxLTgyYWMtY2IxNDNmNDA3ODBk&hl=en&authkey=COjgqKsD
https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B2vNy3QoOvZbZGVjYTM3N2UtY2RhOC00YTIxLTgyYWMtY2IxNDNmNDA3ODBk&hl=en&authkey=COjgqKsD
Well done, really interesting policy brief. I like the logical approach of looking at the direct links that corruption has on each of the binding constraints to Nigeria's development. But I wonder- are there really people who do not believe that corruption is holding back Nigeria's economic development?
ReplyDeleteThe issue of bad governance in nigeria is killing the democratic system and Nigerians are fed up with the system and are really looking forward to having a change which was led to the massive turnout of voters during the election process that just ended yesterday.
ReplyDeletewe hope dis changes will bring a positive change in our democratic system.
Nigeria is ours and we must build it at all cost
This is a fantastic piece on the impact of corruption on economic growth. Analysing the binding constraints makes a lucid narrative as to how it affects different sectors. By so doing,it makes the process of outlining strategies for tackling the malaise better focused as captured in the policy brief.
ReplyDeleteIt is also worth adding however that an aspect that is often overlooked is the influence and culpability of a 'class' of political elite that are (although recently, as pointed out in the brief, bankers and private sector business magnates are adding to the list) almost wholly responsible. Unfortunately, corruption creates a vicious circle of poverty that further reinforces and strengthen it tenets. Most mainstream analysis looks at the entire system without focusing on how grand corruption is perpetrated by a handful group and how it subsequently has a spiralling effect on the system and helps to nurtures the petty corruption which is pervasive in the system. For example the £6 billion allegedly stolen by Abacha and the billions stolen by Cecilia Ibru could be directly traced to why the teacher is paid paltry amount which encourages the kind of corruption in education sector you expertly analysed. It explains why the police relies on 'egunje' and 'toll taking' in order to survive and send their kids to school. It explains why the colossal resources derived from oil has had no impact in diversifying the economy as lack of investment in areas like agriculture, technological advancement and industrialisation shows. Equally, it accounts for why it is so easy to give a starving youth a token and they could easily kill and destroy properties and so many examples that could be cited.
The argument is that reforms and strengthening of vital institutions of governance is very important in fighting corruption and promoting economic growth however, my fear is that until the key perpetrators are recognised and made subject of policies, the tendency is that they will always manipulate whatever measures are put in place, thus rendering the whole process very patchy and overall ineffective.
Well done, Onyi. I think the policy brief is clear and compelling. It will be interesting to hear how corruption in these areas can be tackled in practice.
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