IMPLICATIONS OF CORRUPTION ON EMPLOYMENT IN NIGERIA

Oluwasegun S. ESEYIN*
Department of Economics, Adeleke University, Ede, Nigeria
oluwaseguneseyin@gmail.com
eseyin.oluwasegun@adelekeuniversity.edu.ng,
*Correspondence: +2348068213773

Ibrahim Joseph ADAMA
Department of Economics, Landmark University, Omu-Aran, Nigeria
demianjoseph@gamil.com

Bosede C. OLOPADE
Department of Economics, Adeleke University, Ede, Nigeria
Centre for Economic Policy and Development Research (CEPDeR), Covenant University, Nigeria
Olopadebosede@adelekeuniversity.edu.ng

Ayodele Victor AHMED
Department of Economics, Landmark University, Omu-Aran, Nigeria
Ahmed.ayodele@lmu.edu.ng

Eyitayo O. OGBARO
Department of Economics, Adeleke University, Ede, Nigeria
 Eyitayo.ogbaro@adelekeuniversity.edu.ng

Abstracts

The main objective of the paper is to investigate the implications of corruption on employment in Nigeria. To achieve this, a model of unemployment is built using corruption, economic growth and foreign direct investment as independent variables. Time series data covering the period of 1996 to 2021 was used. From literature, it is discovered that these two variables might be indirectly related through economic growth and FDI. The VAR model was done on the data to get out the indirect relationship. Findings of the work revealed that, corruption elicits negative positive impact on unemployment showing that employment level in the country declines as corruption permeates the economy. And that, other variables pass through corruption to unemployment. Consequently, it was recommended that any attempt of the government to boost employment in Nigeria could be tantamount to futility if the menace of corruption is not dealt with head-on.

Keywords: Corruption, Employment, Natural Resource, Resource Curse, Economic growth, Institution