Lack of accountability integrity and misappropriation are banes of Nigeria growth

Lack of Accountability

The failure to hold individuals or institutions responsible for their actions, often resulting in corruption and inefficiency.

Integrity

The quality of being honest and having strong moral principles, essential for maintaining trust in governance.

Misappropriation

The act of misusing or taking funds or resources for unauthorized purposes, undermining economic stability.

Impact on Economic Growth

Lack of accountability and integrity can lead to corruption, which deters foreign investment and economic development.

Governance in Nigeria

Governance refers to the processes and structures through which organizations or governments operate, heavily affected by accountability.

Corruption Perception Index

An index that ranks countries by their perceived levels of corruption, affecting Nigeria's global reputation.

Social Contract

The implicit agreement among members of a society to cooperate for social benefits; accountability is crucial for its enforcement.

Public Trust

The confidence that citizens have in their government; integrity and accountability are essential for building this trust.

Policy Implementation

The process by which government policies are put into action; misappropriation can severely hinder effective implementation.

Economic Inequality

The unequal distribution of wealth and resources; lack of accountability can exacerbate disparities in Nigeria.