Accountability and Economic Growth in Nigeria Pre COVID-19

Abstract

This study examined the effect of accountability on the level of economic growth in Nigeria, especially with the predicted negative effect of COVID-19 on the level of economic growth. The study employed the accountability theory. Secondary data were obtained for a period spanning from 1995 to 2018. The data were analysed using a simple regression model. The result shows that that there exists a moderate positive relationship between accountability and the level of economic growth in Nigeria. It further shows that accountability has a positive correlation with the level of economic growth in Nigeria. In conclusion, the higher the level of accountability of public administration in Nigeria, the more likely a reciprocal positive effect on the level of economic growth in Nigeria. It is recommended that in order to sustain rapid economic growth, the government should ensure it strengthens the accountability systems in public institutions in Nigeria.