Journal de l'économie mondiale

Political Corruption is the Despicable Spectrum Responsible for the Economic Downturn in Nigeria: Religious Perspective

Abstract

Suleiman AO

The pact of political corruption is the major encumbrance declines central part of democratic mechanisms that lead to economic meltdown and government failure in Nigeria. In essence, political corruption is the major spectrum orchestrates the downward spiral of economy in Nigeria. This is avowed through former president Good luck Jonathan led administration that designs counterfeit theory on democracy as such, democracy is a system of government structured by political cabal with the power of some people formed by the influential people to intimidate other people. This study discovered that the severity of political despicability in Nigeria has gone beyond control to have implicates three tiers of government with diversity of fraudulence and deceptive kleptocracy. The outcome of this paper highlights forms of corruption abound through political godfatherism and political henchmen in Nigeria such as giving and receiving bribes, nepotistic factionalism, budget paddling, inflation of contracts and later abandoned without consequential fear, abuse of public property, pilfering of government fund into private accounts, misappropriation of allocation, money laundry by public officers, as well as using proxy names to open account or buy opulent property. The manuscript demonstrates that high scale corruption of our leader is but consider as harmful effects on economic and political development. The premise of this manuscript is to justify the mode of political conundrum in Nigeria with the non-violence and dynamic system of governing political affair according to religious perception. The study concludes on the hypothesis that political corruption responsible for Nigeria underdevelopment and that politicians are to blame for the economic recession and poor performance of the Nigerian government at large.