Stemming the tide of Corruption in Nigeria
Nigeria ranked 76th out of 82 countries surveyed in the 2014 version of the Economist’s annual business environment ranking. Nigeria has retained this rank since 2009. The Economist cites corruption, weak infrastructure, deteriorating security and the absence of effective government institutions for Nigeria’s poor performance in the rankings. In a similar vein, a recent survey by Ernst& Young has shown that 88 per cent of the respondents in Nigeria believe bribery and corruption is widespread in the country, compared to 72 percent of respondents who thought so in 2012. More