Fueling Corruption through Budgetary Allocation

Egiyi, Modesta Amaka and NWADIALOR, E.O (2020) Fueling Corruption through Budgetary Allocation. International Journal of Research and Innovation in Social Science, IV (VII). pp. 164-168. ISSN 2454-6186

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Before the discovery of crude oil, agriculture was the mainstay of the Nigerian economy, competing opinions concerning to derivation principle was present but negligible in the revenue allocation. However, the discovery of oil and the emergency of the oil boom in the 1970s made Nigeria solely dependent on the oil sector as a source of export earnings and neglected the other sectors housing over 70 per cent of the productive population of the nation, thus the populace often monitored how the national cake is derived and allocated among federating entities. This increased interest in budgetary allocation thus makes it an increasingly scarce commodity. Different sectors, ministry and arms of government compete for more allocations. In an ideal system, the scarce nature of the allocation breeds health completion and positive economic growth but in Nigeria, it is rather used as means for government workers to amass wealth and perform other unlawful acts.

Item Type: Article
Subjects: A General Works > AC Collections. Series. Collected works
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 22 Aug 2022 07:05
Last Modified: 22 Aug 2022 07:05
URI: http://eprints.gouni.edu.ng/id/eprint/3587

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