AN EMPIRICAL INVESTIGATION OF THE IMPACT OF CORRUPTION ON THE NIGERIA’S ECONOMIC GROWTH: 1999-2008

This paper was written to investigate the impact of corruption on Nigerian's economic growth during the 1999-2008. A Barro type model was adjusted and used in the study. In the vaper, it is observed that the problem of corruption is intractable and thus need sacrifice by all and Sundry. Ordinary least squares (OLS) technique using the multiple regression method was used. The findings showed that while corruption has positive impact on public capital expenditure, it has negative impact on human capital and foreign direct investment in Nigeria. Thus, it was recommended that death penalty should be meted on any public official(s) found by law to be corruptly enriched himself or herself.