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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

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 DebtCorruptionFiscal SustainabilityInstitutional FrameworkAnti- Corruption MeasuresFiscal DisciplineDebt Management

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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