CORRUPTION, CORRUPT PRACTICES AND ECONOMIC DEVELOPMENT: THE NIGERINA EXPERIENCE

This study was conducted to find out if the rate of economic development depends on corruption rate in Nigeria. The convenience and judgmental sampling techniques were used in selecting the sample size and elements. The questionnaire was used to elicit information from the respondents. The copies of questionnaire were administered to four hundred (400) respondents found in six states selected from the six geographical zones in Nigeria. The research adopted the use of chi-square and ANOVA techniques to reach to its results. It was found that corruption retards development, begets and reinforce underdevelopment and that the high rate of corruption in Nigeria is as a result of bad leadership, the recommendation in this study suggests a revolutionary leader as a better option for Nigeria.