Anti-Corruptions Agencies, Corruption Trap, Development Trap
Abstract
This article conceptually and theoretically examined the phenomenon of development tarps in Nigeria by adopting stylised facts and a trend analysis approach. Essentially, the findings revealed that the Nigerian economy is ensnared in governance, poverty, and corruption traps. Thus, the poverty trap persists due to many years of persistent poor governance and its impact, while corruption has persistent, domineering, and predictive power on Nigerians. Therefore, the Nigerian elites, especially the political elite, must rise to become the Patriots of Development. Additionally, the Nigerian government should further empower the anti-corruption agencies so that they become effective, rather than merely bark.
Author Bio
Professor Daud Mustafa (Lead Author) Professor Mustafa teaches at the Department of Economics and Development Studies, Federal University, Dutsin-Ma, Katsina State, and is Director of the Sultanate Centre for Economic Research and Innovation. He holds a PhD in Economics from Universiti Utara Malaysia, with specialisations in Islamic economics, public finance, and development policy. He has won international research grants and serves as editor for multiple academic journals.
Mr. Mohammed Aminu Alhassan (Co-author) Mr. Alhassan is an Assistant Lecturer at Federal University, Dutsin-Ma, Katsian State, and a doctoral candidate at Kwara State University. His research interests include development economics, resource economics, and institutional economics. He has published in peer-reviewed outlets and contributed to book chapters.
Issue
2
Volume
49
First Page
66
Last Page
76
Recommended Citation
ALHASSAN, Aminu
(2025)
"Assessment of Development Traps in Nigeria: 1985-2021,"
Bullion: Vol. 49:
No.
1, Article 4.
Available at:
https://dc.cbn.gov.ng/bullion/vol49/iss1/4
