International Journal of
Peace and Development Studies

  • Abbreviation: Int. J. Peace and Dev. Stud
  • Language: English
  • ISSN: 2141-6621
  • DOI: 10.5897/IJPDS
  • Start Year: 2010
  • Published Articles: 81

Review

Elite corruption and the culture of primitive accumulation in 21st century Nigeria

Chris C. Ojukwu1* and J. O. Shopeju2
  1Institute of human resources development, University of Agriculture Abeokuta, Nigeria. 2Department of communication and general studies, University of Agriculture Abeokuta,Nigeria.
Email: [email protected]

  • Article Number - 4F78D89600
  • Vol.1(2), pp. 15-24, November 2010
  •  Accepted: 15 October 2010
  •  Published: 30 November 2010

Abstract

 

Nigeria is often perceived as the ‘giant of Africa’ by most Africans, perhaps, because of its remarkable achievements in the continent in the past three decades. Today, the same country is looked upon by the rest of the world as a ‘crippled’ giant, a veritable modern wasteland, a nation where corruption is extolled as a national culture, tradition; as a nation of business scams and fraudulent investment and contractual opportunities. The paper argues that the situation became worse during Olusegun Obasanjo’s eight years administration 1999 to 2007 when his government tactically opened the floodgate of elite corruption and primitive accumulation, which subsequently brought the country to its knees.

 

Key words: Elite, corruption, primitive accumulation, development, economy.

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