Author
Listed:
- Oluwatoyin Augustina Matthew
- Abiola Ayopo Babajide
- Romanus Osabohien
- Anthonia Adeniji
- Olabanji Olukayode Ewetan
- Omobola Adu
- Folasade Adegboye
- Felicia Omowunmi Olokoyo
- Oluwasogo Adediran
- Ese Urhie
- Oluwatosin Edafe
- Osayande Itua
Abstract
Purpose - The purpose of this paper is to examine the challenges of accountability and development in Nigeria. In the literature, corruption is seen as an indicator of a lack of political accountability in most countries of the world, especially in less developed countries such as Nigeria. The Nigerian Government has taken several actions to address the problems of bad governance and corruption that have impeded economic development, but unfortunately these measures have not yielded the desired results. Design/methodology/approach - Thus, this study examined accountability and developmental issues in Nigeria using secondary data and then made use of the auto-regressive distributed lag econometric technique to analyze the data. Findings - The results from the study found that a rise in total government expenditure poses a danger of reducing Nigeria’s economic development in the long run and that control of corruption and political (the institutional variables) has a direct and significant effect on Nigeria’s economic development. Originality/value - Therefore, upon these findings, this paper recommended that for Nigeria to experience development, corruption should be eliminated, and the Nigerian Government should spend on viable projects and economic activities that will be beneficial to the populace and the society at large and hence bring about economic development. Accountability is the hallmark of a prudent government that ensures efficient management of resources and transparency in the utilization of funds by the government. The absence of accountability mechanism allows corruption to thrive, which hinders the developmental process.
Suggested Citation
Oluwatoyin Augustina Matthew & Abiola Ayopo Babajide & Romanus Osabohien & Anthonia Adeniji & Olabanji Olukayode Ewetan & Omobola Adu & Folasade Adegboye & Felicia Omowunmi Olokoyo & Oluwasogo Adedira, 2020.
"Challenges of accountability and development in Nigeria,"
Journal of Money Laundering Control, Emerald Group Publishing Limited, vol. 23(2), pages 387-402, March.
Handle:
RePEc:eme:jmlcpp:jmlc-10-2019-0086
DOI: 10.1108/JMLC-10-2019-0086
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.
More about this item
Keywords
;
;
;
;
;
;
JEL classification:
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
- O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
Statistics
Access and download statistics
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jmlcpp:jmlc-10-2019-0086. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.