A nation cannot develop in the face of endemic corruption. The fight against corruption cannot be won unless the rationale (how and why) for the act of corruption is understood and intensive strategies to block those channels are implemented. The fight against corruption in Nigeria has always been focused solely towards its cure (aftermath) while ignoring its prevention (the how and why), which has resulted in no discernable success over the years (Onyekwere et al., 2020).
July 6, 2023
The “Fraud Triangle”: A Cornerstone for Establishing a National Framework to Combat Corruption in Nigeria
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The Chinese Model Of Infrastructure Development In Africa
Infrastructural
development is a key step in providing a competitive business environment for
African economies. It provides the backbone for poverty reduction strategies
and programmes designed to improve the livelihood of the poor. Africa is in
dire need of infrastructural development. The absence of quality infrastructure
in the continent holds back per capita economic growth by 2 percentage points
each year and depresses firm productivity by as much as 40 percent (Escribano
et al., 2008 and Kelly, 2012). Estimates suggest that around USD 90 billion is
required to close Africas infrastructure gap annually until 2020 (AICD, 2010).