Formerly, I have always had this believe that corruption was the cause of Nigeria's underdevelopment. I believed if Nigeria killed looters just like China we would've been far far more developed than this. While that maybe true but certainly is not the only reason for our underdevelopment. Just today, I thought about it that Nigeria could've actually been more developed than this irrespective of our high corruption. For instance, if our looters had invested their loots in our country I believe we would be far far developed than this. This looting if invested in our country or economy will have had a ripple effect which will lead to development. A buck of Dubai development is probably due to stolen funds that were channeled by African leaders especially into dubai. This funds were invested by corrupt African leaders into different sectors of the Dubai economy, especially on tourism and real estates.

I do believe that if Nigerian leaders invested our funds in Nigeria for Nigeria we will be a million times better than this.
Let me give you an example, imagine the Governor of Akwa ibom stole 10 billion naira from Akwa ibom. Normally that Ten billion he would ship off to Dubai to buy Real estate and even hotels, but instead of doing that he chooses to invest that said money in his state.
Ibeno in Akwa ibom is a beautiful town, good for tourism if said Ten billion is invested into ibeno for tourism this will create a ripple effect for Akwa ibom, it wouldn't just impact on the economy of the town but also of the state. It will create employments for the unemployed in the state.
Knowing fully well that for said business to grow, they have to be Access road and power to said area, the Governor will immediately before leaving office construct access road, pipeborne water, power etc to that town and by so doing he would've improved the economy of the town, state and country at large.

Let use another example, imagine the Governor of Kogi steals 5 billion from Kogi state and that 5 billion was to be used by him to open up a factory in farway South Africa and then he changes his mind and choose to open up that factory in Kogi, though that money is stolen from Kogi nevertheless, that said money if invested in Kogi by the Governor will help create employments for the citizens of Kogi state and also improve Kogi economy.
If he chooses to invest in Real estate it will also help to beautify the skyline if Kogi and also provide housing for Kogi people.




Guys, what do you think? Do you agree?

You made a lot of point in your analysis but still yet corruption is the problem of Nigeria Economy. The question here should be "is Corruption the problem of underdevelopment in Nigeria". Then with your analysis you made earlier, it will be more of facts that corruption is not the problem partially, rather the fear of EFCC in the state.

Because at the end they will come after your property and confusticate. So therefore stealing our common wealth and investing in Nigeria, is a call for EFCC to confusticate it in day.

So my dear brother,the problem of this country cannot be printed in a sheet of paper, because FG is problem,EFCC , Custom, the fear of Unknown are the problems of this country.

Even me & u are problem to this country.

Thank u.