CORRUPTION AND GOOD GOVERNANCE

Sunshine Progressive Youth Alliance's picture
2013-06-10 20:13
Africa/Lagos

Corruption is ad deep rooted problem that cuts across Nigeria’s political and socio-economic life. Corruption is responsible for the country’s poor growth and development credentials as well  as the decay in morals and values. According to the United Nations office of Drugs and Crime, about Us $400 billion was stole from Nigeria by the past leaders before the return to democratic rule in 1999.  In 2006, the Economic and Financial Crimes Commission (EFCC) also reveald that Nigeria’s previous leaders stole about 64trillion naira (about Us 4507billion) from public coffers.  When benchmarked against the 2008 budget of N2,456trillion naira, this translates into 26 years budget.  Without good governance, no nation can hope to surmount the challenges posed to its development.  The eliminations of poverty and inequality has remained a policy objective in Nigeria’s governance process, leading to the implementation of  several policies, project and programmes.  However, the impact of these policies and actions has been impaired substantially by the poor quality of governance over the years.

The central theme of the governance led development framework is that good governance, the manner in which power is exercised in the management of a country’s economic and social resources for development provides the lead in the development process.  Two sobering conclusions emerge from the analysis: frist, the poor quality of governance is a major obstacle to development in Nigeria; secondly, only a developmental path that combines higher growth with worseining governance as seems to be the case based on existing evidence is  not compatible with a serious effort to reduce poverty andd inequality in Nigeria.  Without good governance, no Nation can hope to surmount the challenges posed to its development.

 

  Joel Samuel Feyisola

Sunshine Progressive Youth Alliance, Ondo State

08039147368

Location

14 Owobamigbe street, off Adekunle Ajasin lane, Nepa Nil
Akure, Ondo
Nigeria
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