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Let's Talk The True Cost Of Corruption

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291 views2likes48:39NigeriaInfoFMOriginal Release: 2026-07-22

Corruption in Nigeria persists due to a combination of weak institutions, delayed justice, political interference, lack of transparency, and a culture that rewards rather than punishes corruption; the actual economic cost is estimated at 6-8 trillion naira (10-15 billion dollars) between 2011 and present, yet enforcement remains ineffective with over 60% of corruption cases involving public officials remaining unresolved, creating a system where the cost of being corrupt is lower than the cost of not being corrupt.