Corruption as a Major Challenge of Human Capital Development in Nigeria

Abstract

The study focused on corruption as a major challenge in the attainment of human capital development in Nigeria. The study basically used descriptive approach. Data used for the study were secondary data generated from National Bureau of Statistics (NBS) Statistical Bulletin (various issues), World Bank Development Reports (various issues), Transparency International Reports (various issues), CBN Annual Report and Statement of Account (various issues) and other relevant materials. The data covered a period of 20 years ranging from 1995 to 2014. Findings of the study revealed that corruption is a major challenge of human capital development in Nigeria. Corruption retards human development and consequently leads to unrealistic attainment of national goals. The study concluded that corruption is a cancer worm hindering effective human capital development and unless the scourge is tackled, the country will remain undeveloped. We therefore recommended that it should be the policy goal of Nigerian government to support the fight with appropriate legislation for eradication of corruption. There is need for training and development of office holders for effective and efficient implementation of government policies and decisions. Ethical thinking should be developed through education of the masses. Ethical training and education are required at all levels and should be integrated into the curriculum in both public and private schools. The use of moral suasion, as well as intensifying the activities of government agencies was also recommended. Nigeria must put in place the right conditions and encourage the right culture that stimulates good moral conduct from all.

Keywords: Human Capital Development, Corruption, Transparency International, Nigeria

JEL Classification: j00,J20,J24,J60,N37