CORRUPTION AND COST OF GOVERNANCE IN NIGERIA

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Faculty of Social Sciences, Ambrose Alli University,

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Nigeria is a country with great potentials. However, these potentials have been punctuated by a myriad of problems. The problems are not necessarily that of lack of resources, but of corruption and hence high cost of governance. The past and present leadership of the country recognized the ugly situation this has put the country and had devised mechanisms to stem the tide for good. The mechanisms put in place by governments in the past have not achieved the desired results. On the basis of the analysis of the political economy of the country, the paper suggested ways to solving the problem - reinforcing the current anti-corruption drive of the government by making the structures/institutions put in place to fight corruptio-n to be truly independent of the executive arm of government and promptly bringing culprits to book, and reduction in governmental units both at the state and local levels to economicalZv manageable size. These the paper argues would reduce corruption in the country and hence lower the cost of governance.

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JA Political science (General), JZ International relations

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