Grass Root Corruption and Its Effects on Business in Nigeria

Introduction

Grass roots cannot be only found in soil, but also in the government departments. Grass roots are considered as the people or the society that creating different policies as well as implementing the political activity. The relationship of the business and politics has evolved into different changes whether is globalization, culture, and underlying principles. But this relationship is also challenged by the corruption.

Background and Statement of the Problem

Politicians are popularly known as the people that get their responsibility down to the roots of the problems. Occasionally, the perspective of the citizens on their politicians is usually in the issue of being dishonest and believing that the officials are working only for their own personal interest and not for the country. With this strong idea, the activity towards corruption is alarmingly growing. Most of the developing and/or less developed countries, particularly in Nigeria, are suffering in the corruption and created drastic effects on business.

Research Objectives

The objective of the study centers in the main topic which is to determine the effects of the grass roots corruption on various businesses in Nigeria. With this objective, the creation of the investigation on the corruption in Nigeria can be thrust.

Research Questions

The study recognized the importance of corruption in businesses therefore; there are several questions that will help to the completion of the study.

1. What are the trends that pose new challenges for the businesses in Nigeria?

2. What are the malpractices that lead to the corruption?

3. What are the activities that includes in fighting the grass-roots corruption?

Literature Review

The corruption might be the worst result of the malpractices of the duties and responsibilities among the official. This corruption is popularly known in the inclusion of the public fund embezzlement, “under-the-table transactions”, or “behind-the-scenes” deals, and misuse of power. Apparently, the involvement of money in the regime is one of the greatest opponents of the honest politicians. Corruption is another version of robbery that results in the poor recovery of the industry and the entire economy (Mackenzie, 2006). The corruption can be also applied in the people’s taxes that contributed paid by the residents and the business owner’s, who suffers most because of the additional interests or percentages (Ingle, 2009). On of the most drastic effects that the business community felt are the high interest rates and the non-availability of the credit, and poor infrastructure as the fundamental problems affecting the various industries and most especially in the Nigerian economy (Rashid, Limonic, and Spiegel, 2004). Corruption affects the global economy and became one of the personal crimes of the officials or people that have the power. Although there are many anti-corruption policies in the countries, the officials cannot stop their heinous mind to formulate different actions wherein they can gain much.

Methodology

The secondary information is the utilized methodology in the study. The Nigeria, as one of the developing countries, gave importance to the different factors that affects the continuous development of the country. Through the use of the secondary in formation, the study can establish a strong foundation of information that usually includes the disciplinary actions of the government officials. There are many anti-corruption investigations and methods that were written in the secondary information that can be considered as the economic crimes.

Conclusion

The productivity of the businesses might influence the total improvement if there is an existing corruption. In addition, the stabilization of the fund of the business that will support the ongoing life of the business is also affected by the pressure on corruption. There is no suggested medication in the government’s disease. The changes and solution is on the hands of the politicians that engaged in dirty work.

References:

Ingle, B., 2009. Corruption in Politics & Its Effects on Business, The Business Edge – Princeton Regional Chamber of Commerce [Online] Available at: http://www.princetonchamber.org/newsletter/newsletter_012809.pdf [Accessed 24 Feb 2010].

Mackenzie, S., 2006. Systematic Crimes of the Powerful: Criminal Aspects of the Global Economy, Social Justice, Vol. 33, No. 1.

Rashid, H., Limonic, L., & Spiegel, S., 2004. Report on Nigeria Country Dialogue, Initiative for Policy Dialogue [Online] Available at: http://www0.gsb.columbia.edu/ipd/pub/NigeriaCDReport1-31-05.pdf [Accessed 24 Feb 2010].