Effect of Corruption on Household Final Consumption Expenditure in Nigeria 1980 - 2015

Abstract

It is common knowledge that corruption is a threat to economic growth and development as it reduces the level of household final consumption expenditure. This study adopts OLS technique to examine the effects of corruption on household final consumption expenditure in Nigeria from 1980 to 2015. The result revealed that corruption has positive relationship with household final consumption expenditure in Nigeria and therefore statistically significant. The author recommends that Anti-corruption agencies and their personnel should be empowered  to discipline the culprits irrespective of their status. Finally, whistle blowing policy should be reinforced and sustained by both the incumbent and subsequent governments to minimize the menace of corruption in Nigeria.

Keywords: Corruption, household final consumption expenditure, Nigeria, OLS