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Self-Interest and the Institutionalisation of Corruption in Nigeria- Implications for Nation Building
The main value system of the Nigerian elite — powerful and responsible for all the socio-economic and political decisions that shape the fortunes of Nigeria — is that of the free market system, a system whose driving motive is individual self-interest. This paper argues that it is the perversion of this ethos and its transformation into egoism that is responsible for the widespread corruption now brazenly manifest in all horizons of Nigeria’s national life. For all practical purposes, corruption has now been institutionalised in the Nigerian body politic. This paper discusses the mechanism of …
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