An Evaluation of Public Sector Corruption and Organized Crimes as Impediments to Nigeria’s Economic Growth

Abstract

This research work on the evaluation of public sector corruption and organized crime as an impediment to Nigeria’s economic growth attempts to examine the link between crime and growth based on the theory of rational choice and empirical data.the major objective of this research is to evaluate the extent to which public sector corruption and organized crime impacted on economic growth in Nigeria. The Dynamic Endogenous Growth model is adopted to analyse the data collected as the study sought to cast further light on the macroeconomic implications of organized crime and its interaction with corruption. The study concludes that to eradicate organized crime and corruption in Nigeria, effort should be geared towards a fool-proof, digitized intelligence gathering on identifying the roots causes and a way to nip them in the bud. All leakages in the public sector also need to be blocked to curtail loopholes for corruption to thrive It is recommended that prosecution be forcefully pursued through the enactment of an accountability legislation for public office holders and the enhancement of police and court system skills through sufficient funding.Furthermore, the government ought to take action to promote a more productive economy, which would lower unemployment and serve as a deterrent to crime.