alexa The Impact of Corruption on Economic Growth and Cultural Values in Nigeria: A Need for Value Re-orientation
ISSN: 2162-6359

International Journal of Economics & Management Sciences
Open Access

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Research Article

The Impact of Corruption on Economic Growth and Cultural Values in Nigeria: A Need for Value Re-orientation

Jorji A Nwogu1* and Victor Ushahemba Ijirshar2

1Department of Economics, School of Business Education, Federal College of Education (Technical) Gusau, Zamfara State, Nigeria

2Department of Economics, Benue State University, Makurdi, Nigeria

*Corresponding Author:
Jorji A Nwogu
Department of Economics
School of Business Education
Federal College of Education (Technical) Gusau
Zamfara State, Nigeria
Tel: 0044-7528223250
E-mail: [email protected]

Received date: November 16, 2016; Accepted date: November 28, 2016; Published date: November 30, 2016

Citation: Nwogu JA, Ijirshar VU (2016) The Impact of Corruption on Economic Growth and Cultural Values in Nigeria: A Need for Value Re-orientation. Int J Econ Manag Sci 6:388. doi: 10.4172/2162-6359.1000388

Copyright: © 2016 Nwogu JA, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

Corruption in Nigeria has deeply entrenched/ingrained in the national ethics, politics, civil society, public and private sectors and has been deeply permeated by a pervasive and debilitating culture so much that it is best regarded as been institutionalized, until the recent fight against it. The longtime reign of corruption in the country has impacted negatively on economic growth and has decayed or deteriorated our cultural values in the state. This study examined the impact of corruption on economic growth and cultural values in Nigeria situating the need for value re-orientation. The negative impact of corruption on economic growth and the decaying standard of Nigerian cultural values have necessitated the need for value re-orientation in order to bring redemption to the country’s national character and image. The study recommends the effective use of anti-corruption agencies. In the same vein, there should be re-orientation process in the education system of the country while the government should adequately fund the system.

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