Comparative Study of Causes and Effects of Economic Corruption in Nigeria

Casmir Onyeneke; Edward Victorhez; Nwosu Joyce; Frankline Anyanwu

doi:doi:10.11648/j.ajtab.20190502.12

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Comparative Study of Causes and Effects of Economic Corruption in Nigeria

Casmir Onyeneke, Edward Victorhez, Nwosu Joyce, Frankline Anyanwu

Published in American Journal of Theoretical and Applied Business (Volume 5, Issue 2)

Received: 27 August 2019 Accepted: 6 September 2019 Published: 21 September 2019

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Abstract

This work analyzes the terms contributing to economic corruption in the Nigeria. The analyses shows that privatization of public sectors has affected the economy negatively. Some public policies contribute to the growth either negatively or positively to the growth and development of Nigerian economy. In many countries, the way economy is defined is how it is in their country. Some countries, particularly in Africa, have a low decreasing economic growth as a result of corruption and mismanagement. It seems that every year the price of goods and costs of living increase sequentially, example, a litre of fuel was sold at a minimum price of ₦60 in 2012, while in 2018 the minimum price was ₦145 which was not proper. As stated above, ‘Economy deals with men in their ordinary business of life, earning and enjoying a living’. From this statement, it was observed that it is not true in Nigeria. Many people have ordinary businesses that earn, but not enjoying any living due to hardship caused by series of corrupt practices. Many people work just to eat two times a day, while some strives to maintain a particular meal type | diet for a weak in order to survive. Some work as civil servants but owed for months by government showing that the business is there but, they are not enjoying any living due to corruption in an economy.

Published in	American Journal of Theoretical and Applied Business (Volume 5, Issue 2)
DOI	10.11648/j.ajtab.20190502.12
Page(s)	32-39
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Economic, Corruption, Privatization, Politics, Health, Employment, Government, Budget, Education

References

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Casmir Onyeneke, Edward Victorhez, Nwosu Joyce, Frankline Anyanwu. (2019). Comparative Study of Causes and Effects of Economic Corruption in Nigeria. American Journal of Theoretical and Applied Business, 5(2), 32-39. https://doi.org/10.11648/j.ajtab.20190502.12

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ACS Style

Casmir Onyeneke; Edward Victorhez; Nwosu Joyce; Frankline Anyanwu. Comparative Study of Causes and Effects of Economic Corruption in Nigeria. Am. J. Theor. Appl. Bus. 2019, 5(2), 32-39. doi: 10.11648/j.ajtab.20190502.12

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AMA Style

Casmir Onyeneke, Edward Victorhez, Nwosu Joyce, Frankline Anyanwu. Comparative Study of Causes and Effects of Economic Corruption in Nigeria. Am J Theor Appl Bus. 2019;5(2):32-39. doi: 10.11648/j.ajtab.20190502.12

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@article{10.11648/j.ajtab.20190502.12,
  author = {Casmir Onyeneke and Edward Victorhez and Nwosu Joyce and Frankline Anyanwu},
  title = {Comparative Study of Causes and Effects of Economic Corruption in Nigeria},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {5},
  number = {2},
  pages = {32-39},
  doi = {10.11648/j.ajtab.20190502.12},
  url = {https://doi.org/10.11648/j.ajtab.20190502.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20190502.12},
  abstract = {This work analyzes the terms contributing to economic corruption in the Nigeria. The analyses shows that privatization of public sectors has affected the economy negatively. Some public policies contribute to the growth either negatively or positively to the growth and development of Nigerian economy. In many countries, the way economy is defined is how it is in their country. Some countries, particularly in Africa, have a low decreasing economic growth as a result of corruption and mismanagement. It seems that every year the price of goods and costs of living increase sequentially, example, a litre of fuel was sold at a minimum price of ₦60 in 2012, while in 2018 the minimum price was ₦145 which was not proper. As stated above, ‘Economy deals with men in their ordinary business of life, earning and enjoying a living’. From this statement, it was observed that it is not true in Nigeria. Many people have ordinary businesses that earn, but not enjoying any living due to hardship caused by series of corrupt practices. Many people work just to eat two times a day, while some strives to maintain a particular meal type | diet for a weak in order to survive. Some work as civil servants but owed for months by government showing that the business is there but, they are not enjoying any living due to corruption in an economy.},
 year = {2019}
}

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TY  - JOUR
T1  - Comparative Study of Causes and Effects of Economic Corruption in Nigeria
AU  - Casmir Onyeneke
AU  - Edward Victorhez
AU  - Nwosu Joyce
AU  - Frankline Anyanwu
Y1  - 2019/09/21
PY  - 2019
N1  - https://doi.org/10.11648/j.ajtab.20190502.12
DO  - 10.11648/j.ajtab.20190502.12
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 32
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PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20190502.12
AB  - This work analyzes the terms contributing to economic corruption in the Nigeria. The analyses shows that privatization of public sectors has affected the economy negatively. Some public policies contribute to the growth either negatively or positively to the growth and development of Nigerian economy. In many countries, the way economy is defined is how it is in their country. Some countries, particularly in Africa, have a low decreasing economic growth as a result of corruption and mismanagement. It seems that every year the price of goods and costs of living increase sequentially, example, a litre of fuel was sold at a minimum price of ₦60 in 2012, while in 2018 the minimum price was ₦145 which was not proper. As stated above, ‘Economy deals with men in their ordinary business of life, earning and enjoying a living’. From this statement, it was observed that it is not true in Nigeria. Many people have ordinary businesses that earn, but not enjoying any living due to hardship caused by series of corrupt practices. Many people work just to eat two times a day, while some strives to maintain a particular meal type | diet for a weak in order to survive. Some work as civil servants but owed for months by government showing that the business is there but, they are not enjoying any living due to corruption in an economy.
VL  - 5
IS  - 2
ER  -

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Author Information

Casmir Onyeneke

Department of Mathematics and Statistics, Hezekiah University, Umudi, Nigeria
Edward Victorhez

Department of Computer Science, Hezekiah University, Umudi, Nigeria
Nwosu Joyce

Department of English and Literary Studies, Hezekiah University, Umudi, Nigeria
Frankline Anyanwu

Department of Mathematics and Computer Science, Hezekiah University, Umudi, Nigeria

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APA Style

Casmir Onyeneke, Edward Victorhez, Nwosu Joyce, Frankline Anyanwu. (2019). Comparative Study of Causes and Effects of Economic Corruption in Nigeria. American Journal of Theoretical and Applied Business, 5(2), 32-39. https://doi.org/10.11648/j.ajtab.20190502.12

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ACS Style

Casmir Onyeneke; Edward Victorhez; Nwosu Joyce; Frankline Anyanwu. Comparative Study of Causes and Effects of Economic Corruption in Nigeria. Am. J. Theor. Appl. Bus. 2019, 5(2), 32-39. doi: 10.11648/j.ajtab.20190502.12

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AMA Style

Casmir Onyeneke, Edward Victorhez, Nwosu Joyce, Frankline Anyanwu. Comparative Study of Causes and Effects of Economic Corruption in Nigeria. Am J Theor Appl Bus. 2019;5(2):32-39. doi: 10.11648/j.ajtab.20190502.12

Copy | Download

@article{10.11648/j.ajtab.20190502.12,
  author = {Casmir Onyeneke and Edward Victorhez and Nwosu Joyce and Frankline Anyanwu},
  title = {Comparative Study of Causes and Effects of Economic Corruption in Nigeria},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {5},
  number = {2},
  pages = {32-39},
  doi = {10.11648/j.ajtab.20190502.12},
  url = {https://doi.org/10.11648/j.ajtab.20190502.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20190502.12},
  abstract = {This work analyzes the terms contributing to economic corruption in the Nigeria. The analyses shows that privatization of public sectors has affected the economy negatively. Some public policies contribute to the growth either negatively or positively to the growth and development of Nigerian economy. In many countries, the way economy is defined is how it is in their country. Some countries, particularly in Africa, have a low decreasing economic growth as a result of corruption and mismanagement. It seems that every year the price of goods and costs of living increase sequentially, example, a litre of fuel was sold at a minimum price of ₦60 in 2012, while in 2018 the minimum price was ₦145 which was not proper. As stated above, ‘Economy deals with men in their ordinary business of life, earning and enjoying a living’. From this statement, it was observed that it is not true in Nigeria. Many people have ordinary businesses that earn, but not enjoying any living due to hardship caused by series of corrupt practices. Many people work just to eat two times a day, while some strives to maintain a particular meal type | diet for a weak in order to survive. Some work as civil servants but owed for months by government showing that the business is there but, they are not enjoying any living due to corruption in an economy.},
 year = {2019}
}

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TY  - JOUR
T1  - Comparative Study of Causes and Effects of Economic Corruption in Nigeria
AU  - Casmir Onyeneke
AU  - Edward Victorhez
AU  - Nwosu Joyce
AU  - Frankline Anyanwu
Y1  - 2019/09/21
PY  - 2019
N1  - https://doi.org/10.11648/j.ajtab.20190502.12
DO  - 10.11648/j.ajtab.20190502.12
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 32
EP  - 39
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20190502.12
AB  - This work analyzes the terms contributing to economic corruption in the Nigeria. The analyses shows that privatization of public sectors has affected the economy negatively. Some public policies contribute to the growth either negatively or positively to the growth and development of Nigerian economy. In many countries, the way economy is defined is how it is in their country. Some countries, particularly in Africa, have a low decreasing economic growth as a result of corruption and mismanagement. It seems that every year the price of goods and costs of living increase sequentially, example, a litre of fuel was sold at a minimum price of ₦60 in 2012, while in 2018 the minimum price was ₦145 which was not proper. As stated above, ‘Economy deals with men in their ordinary business of life, earning and enjoying a living’. From this statement, it was observed that it is not true in Nigeria. Many people have ordinary businesses that earn, but not enjoying any living due to hardship caused by series of corrupt practices. Many people work just to eat two times a day, while some strives to maintain a particular meal type | diet for a weak in order to survive. Some work as civil servants but owed for months by government showing that the business is there but, they are not enjoying any living due to corruption in an economy.
VL  - 5
IS  - 2
ER  -

Copy | Download