Nigeria is going through a difficult political and economic transition after decades of independence.Yet, Nigeria remains a society rich in cultural, linguistic, religious, ethnic and political diversity. Today, the average Nigerian struggles hard to make ends meet; sees himself or herself as being poorer than he or she was previously; and finds it hard to be hopeful that things will get better soon. It is against this background that this paper sets out to increase the knowledge about state capacity in Nigeria by taking stock of economic and governance issues. Using a simple growth model, we illustrate the interrelationships between natural resources, corruption and economic growth in Nigeria. We proposed anti-corruption policies for Nigeria and argued that building global integrity is imperative for a transparent modern economy.
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Paper provided by EconWPA in its series Public Economics with number
0404006.
Find related papers by JEL classification: Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents K00 - Law and Economics - - General - - - General (including Data Sources and Description) O1 - Economic Development, Technological Change, and Growth - - Economic Development
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