Nigeria is one of the world’s most endowed nations, with abundant human and natural resources. These resources are located in all the states of the federation and exist in commercial quantities (see Ajibewa, 2006:261). The proceeds from these resources have been disproportionately distributed to the disadvantage of the poor population while through the paraphernalia of the presidium of government, the allocation of resources has been done to generously favour the ruling and business elites as well as their cronies. This situation has given rise to the grave issue of inequality in the country. The availability of these resources notwithstanding, Nigeria is still underdeveloped; a condition that has largely been blamed on corruption. Therefore, in the case of Nigeria, there appears to be an intricate relationship between corruption, inequality and poverty. However, the universal application of this hypothesis will be a subject of further research.
Oshewolo, Segun and Olanrewaju, J.
"From Hell: The Surge of Corruption in Nigeria (1999 – 2007),"
Academic Leadership Journal: Vol. 9
, Article 27.
Available at: http://scholars.fhsu.edu/alj/vol9/iss1/27