IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 9 NO. 3 2024
DOI: https://doi.org/10.56201/ijefm.v9.no3.2024.pg93.103

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Public Debt and Corruption Nexus in Nigeria: An Analytical Review

Okonkwo N. Osmond, Cynthia C.F. Dikeogu-Okoroigwe, Akamike Joseph Okechukwu

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Abstract

This research study examines the intricate connection between public debt and corruption in Nigeria, trying to provide a detailed examination of their intertwined dynamics. Nigeria, as a resource-rich nation, has been faced with recurrent difficulties of high public debt levels and rampant corruption, both of which have profound implications for its economic development and governance. Through a holistic approach, this study investigates the drivers, implications, and viable policy responses to address the interwoven concerns of public debt and corruption. Drawing upon a mix of scholarly sources, empirical evidence, and theoretical frameworks, this research strives to expand our understanding of the complex dynamics determining Nigeria's fiscal landscape and governance environment.

keywords:

Public Debt, Corruption, Fiscal Sustainability, Institutional Framework, Anti- Corruption Measures, Fiscal Discipline, Debt Management

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References:

Akhanolu, I. A., Babajide, A. A., Akinjare, V., Oladeji, T., & Osuma, G. (2018). The effect of
public debt on economic growth in Nigeria: An empirical investigation. International
Business Management, 12(6), 436–441.

Atmoko, A. W., Kasim, A., & Rochman, N. N. (2023). Analysis of governance complexity
on subsidized
LPG in Indonesia: A three-level institutional approach. Retrieved from
https://core.ac.uk/download/555484551.pdf.

Baklouti, N., & Boujelbene, Y. (2022). Corruption, Democracy, and Public Debt: A Case of
the Arab Countries. Journal of the Knowledge Economy, 13(1), 574–586.
https://doi.org/10.1007/s13132-021-00753-6

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