American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.4, No.3, Sep. 2018, Pub. Date: Aug. 31, 2018
Good Management Imperatives for Sustainable Development in Nigeria
Pages: 86-97 Views: 1041 Downloads: 330
[01] John Nkeobuna Nnah Ugoani, College of Management and Social Sciences, Rhema University, Aba, Nigeria.
Bad management and high level corruption can be blamed for a situation in Nigeria where school children who are the leaders of tomorrow learn under poor conditions. This twin problem is also directly responsible for the high rates of poverty and unemployment that constitutes a hindrance to sustainable development. Good management involves reducing corruption and improving the operational efficiency and effectiveness of both the private and public sectors which provide the key for accelerated growth and sustainable development. The exploratory research design was used for the study and it was found that good management is critical for sustainable development in Nigeria. This result supports the earlier report of Mauro that if a country improves its corruption score by 2:38 points, its annual per capita GDP growth rises by more than half a percentage point. On the basis of this result, it is expected that government at all levels should institutionalize the culture of good management for the prosperity of the nation. This is the interest of the study.
Good Management, Good Corporate Governance, Sustainable Management, Transparency, Accountability
[01] Abbas, F. (2017) SDG: The turning of the screw. The Nation, vol. 11, No. 4000, pp: 29.
[02] Adebanjo, T. Odoshimhoke, M, and Oladele, B. (2017) Anger over Lagos-Ibadan Road Vote Slash. The Nation, vol. 11, No. 4000, pp: 1-4.
[03] Ade-Oluwa, D. (2017) Hakeem Bello-Osagie quits as Etisalat Chair: The Nation, vol. 011, No. 4011, pp: 42.
[04] Ajanaku, L. (2017) $1.2b Etisalat debt: Why NCC Intervened by board chair, The Nation, vol. 011, No. 4000, pp: 11.
[05] Akanmode, V. (2017) Alleged N30 trillion Ports Scam: Senate orders arrest of CEOs of Glo, Dana, Visafone, 27 others. The Nation, vol. 011, No. 4056, pp: 40.
[06] Alabelewe, A. (2017) EFCC Acting Chair Seeks Sambisa Prison for Looters. The Nation, vol. 11, No. 4000, pp: 4.
[07] Ali, M. M. (2016) Role of the Banking sector for SMEs financing in Bangladesh: An Analysis. Amity Business Journal, vol. 5, No. 1, pp: 32-43.
[08] Alli, Y. (2012) Bi-Courtney to Contest Contract Cancellation. The Nation, vol. 7, No. 2316, pp: 1-3.
[09] Alli, Y. (2017a) Arms deals: EFCC Seizes ex-Chief of Army Staff’s N4bn Estate. The Nation, vol. 011, No. 4011, pp: 6.
[10] Alli, Y. (2017b) $25b Contracts Row: Buhari may call for NNPC board’s records. The Nation, vol. 11, No. 4093, pp: 4.
[11] Arrion, M. (2017) No More Financial Support for Nigeria, Says EU enjoy. The Nation, vol. 3993, pp: 10.
[12] Auty, R. M (2006) Resource Abundance and Economic Development: Oxford. Oxford University Press.
[13] Ayobolu, G. (2017) An Image of Africa: Between Achebe and Conrad. Petals of thought: The Nation, vol. 011, No. 4011, pp: 46.
[14] Boniface, A. (2016) ICPC Central to Corruption Reduction in Nigeria, Says DFID. ICPC News, vol. 11, No. 1, Pp: 09.
[15] Brannen, J. (2005) Mixing Methods: The Entry of Qualitative and Quantitative Approaches in to the Research Process. International Journal of Social Research Methodology, 8 (3), 173-184.
[16] Campos, J. E and Pradhan, J. (2007) The Many Faces of Corruption: Tracking Vulnerabilities at the Sector Level. The World Bank, Washington, D. C.
[17] Doug, M. M. (1999) Fostering Sustainable Behaviour: An Introduction to Community-Based Social Marketing. Gabriola Island. New Society Publishers.
[18] Ebosele, Y. and Oyebade, W. (2015) Empowering Women for National Development. The Guardian, vol. 32, No. 13416, pp: 29.
[19] Egbe, R. (2017) How two INEC Officials shared Diezani’s N100m bribe, by witness. The Nation, vol. 11, No. 3993, pp: 6.
[20] Egburonu, S. Ojiabor, O. Anofi, D. Oguntola, S. Nwisi, R. and Aiwerie, O. (2017) Constituency Project: Succour or Conduit pipe? The Nation, vol. 11, No. 4093, pp: 9-10 and 52.
[21] Ejiogu, E. and Alonge, A. (2017) $144m Fraud: How Diezani, Omokore, Aluko, blew billions on lavish life style – US Prosecutors. Sunday Sun, vol. 14, No. 743, pp: 45.
[22] Hemming, R. and Shields, J. (2007) IMF adopts new fiscal transparency code. Finance and Development, vol. 44, No. 2, pp: 5.
[23] Horner, G. (1991) How are the people faring: Caribbean, Pacific, European – Community No. 129, pp: 84-87.
[24] Idris, A (2017) FG saves N4.7bn Monthly with TSA, Says AGF. Daily Sun, vol. 14, No. 3735, pp: 2.
[25] Jibueze, J. (2017) Bankers’ Institute Recovers N22.98bn, $16.9m excess bank Charges. The Nation, vol. 011, No. 4011, pp: 7.
[26] Johnson, S., Kaufmann, D., McMillan, J. and Woodruff, C. (2000) Why Do Firms Hide? Bribes and Unofficial Activity after Communism. Journal of Public Economics 76: 495-520.
[27] Kaufmann, D. (2000) Governance and Anticorruption. In V. Thomas, M. Dailami, A. Dhareshwar, D. Kaufamann, N. Kishor, R. Lopez, and Y. Wang (eds). The Quality of Growth, New York, Oxford University Press.
[28] Kaufmann, D. and Dininio, P. (2006) Corruption: A Key Challenge for Development. In R. Stepenhurst, N. Johnston, and R. Pelizzo (eds.) The Role of Parliament in Curbing Corruption. The World Bank, Washington, D. C. pp: 13-24.
[29] Kayanja, R. (2016) UNIC Director: Achieving SDGs Depends on Fight Against Corruption. The Nation, vol. 11, No. 3803, pp: 28.
[30] Langseth, P. Stapenhurst, R. and Pope, J. (1999) National Integrity Systems. In R. Stapenhurst and S. J Kpundeh (eds.) Curbing Corruption: Toward a Model for Building National Integrity. The World Bank, Washington. D. C. pp: 127–148.
[31] Mauro, P. (1997) The Effects of Corruption on Growth, Investment, and Government Expenditure: A Cross Country Analysis. In Corruption and The Global Economy (ed) K. A. Elliot, Washington, D. C, Institute for International Economics.
[32] Magu, I. (2017) Corruption root cause of separatist agitations – Magu – The Nation, vol. 011, No 4011, pp: 8.
[33] Mohammed, L. (2017) Corruption: 55 people stole $6.2bn-Lai Mohammed. The Nation, vol. 11, No. 4093, pp: 4.
[34] Muo, I. K (1999) The Nature, Scope & Challenges of Management. 1st edition, Lagos. Impressed Publishers.
[35] Nigeria Vision 20: 2020 (2009) Economic Transformation Blueprint: Fostering Sustainable Social and Economic Development. Abuja, National Planning Commission, pp: 701-91.
[36] Nta, E. (2016) ICPC Warns State Governments Against Abuse of UBEC Funds. ICPC News vol. 11, No. 1, pp: 8.
[37] Nwisi, R. (2017) Rivers Polls bribe: Arraignment of 23 INEC Officials now July 17. The Nation, vol. 11, No. 4000, pp: 41.
[38] Obi, L. (2017) Why Buhari must push the corruption war. Daily Sun, vol. 14, No. 3744, pp: 16.
[39] Oguntoyinbo, J. S., Areola, O. O, and Filani, M. (1983) A Geography of Nigerian Development. Ibadan Heinemann Educational Books (Nigeria) Ltd.
[40] Okafor, D. (2017) Buhari working with incompetent people. Daily Sun, vol. 14, No. 3744, pp: 33.
[41] Okereocha, C. (2017a) FG Uncovers 60,000 Ghost Workers, Says Osinbajo. The Nation, vol. 011, No. 4011, pp: 8.
[42] Okereocha, C. (2017b) Acting President: It’s better to prevent looting than to recover looted funds. The Nation, vol. 011, No. 4011, pp: 8.
[43] Okogba, E. and Sunday, N. (2017) How Nigerian Suspect Splashed N29.024bn on Yatch. Sunday Vanguard, vol. 24, No. 1587, pp: 42.
[44] Okwuofu, S. (2017) Alleged N650m Campaign Fund Fraud: JumokeAkinjide, two others get bail. The Nation, vol. 11, No 4000, pp: 40.
[45] Oladele, R. Aderemi, A. A, and Idode, P. (2013) Revenue Generation and Transparency in Nigeria Oil and Gas Industry [Position of Nigeria Extractive Industries Transparency Initiative (Neiti)] Research Journal of Finance and Accounting, vol. 4, No. 6, pp: 99-114.
[46] Omotoso, G. (2017) Executive Secretary of Nigeria’s NHIS Suspended. The Nation, vol. 11, No. 3993, pp: 44.
[47] Onu, N. (2017) South-East Governors Implement below 40 percent of budget – Group. The Nation, vol. 011, No. 4056, pp: 42.
[48] Orabuchi, A. (2017) Conscience, morality and Nigeria’s development. Daily Sun, vol. 14, No. 3744, pp: 17.
[49] Ortom, S. (2017) Open grazing: Ortom gives herdsmen five-month ultimatum to embrace ranching or face trail. The Nation, vol. 011, No. 4011, pp: 42.
[50] Osuala, E. C. (2005) Introduction to Research Methodology, 3rd edition, Onitsha Africans-First Publishers Plc.
[51] Ouattara, A. D. (1997) Macroeconomics and Sustainable Development. Address by Alassane D. Ouattara, Deputy Managing Director of the International Monetary Fund at the World Bank’s Fifth Annual Conference of Environmentally and Socially Sustainable Development. Washington, D. C, October 7, 1997.
[52] Paolo, M. (1995) Corruption and Growth. Quarterly Journal of Economics 110 (August) 681-712.
[53] Paolo, M. (1998) Corruption and Composition of Public Expenditures. Journal of Public Economics 69 (August) 263-79.
[54] Pitman, F. T. (1998) Real World Corporate Governance – AProgramme for Profit Enhancing Stewardship
[55] Patton, M. P. (2002) Qualitative Research and Evaluation Methods. 3rd edition. Thousand Oaks, C. A. Sage Publications.
[56] Robert, K. (1988) Controlling Corruption. Berkeley, CA: University of California Press.
[57] Samuel, P. (1995) Strengthening Public Accountability: New Approaches and Mechanisms. Public Affairs Centre, Bangalore.
[58] Soludo, C. C (2003) National Economic Empowerment and Development Strategy (NEEDS) National Planning Commission, Abuja.
[59] Sunday, R. J. and Miriam, K. (2015) Entrepreneurship, Employment and Sustainable Development in Nigeria. International Journal of Academic Research in Economics and Management Sciences. 2015, vol. 4, No. 1, pp: 179-199.
[60] Tanzi, V. (1998) Corruption around the World: Causes, Consequences, Scope and Cures. IMF Staff Papers 45 (4) International Monetary Fund, Washington, D. C
[61] Tharaney, V. and Upadhyaya, D. (2016) New Paradigm in Higher Education in India: Educpreneurship. Amity Business Journal, vol. 5, No. 1, pp: 57-68.
[62] Todaro, M. P. (1982) Economics for a Developing World 2nd edition. Singapore, Longman.
[63] Ugwuanyim, E. (2017) Addax confirms $32m fine payment for Nigerian bribery saga. The Nation, vol. 011, No. 4011, pp: 11.
[64] UN (2007) Department of Economic and Social Affairs: Division for Sustainable Development. New York, UN.
[65] Universal Basic Education Commission (UBEC) (2010) Basic Education Profile Facts Sheet: Southeast Region. UBEC, Abuja.
[66] Wabba, A. (2017) NLC to FG: Stop N38bn bailout to Discos. Daily Sun, vol. 14, No. 3738, pp: 45.
[67] Wike, N. (2017) Weak Institutions, bane of fight against corruption - Wike Daily Sun, vol. 14, No. 3744, pp: 40.
[68] Willard, T. (2001) Helping Knowledge Networking Work: Winnipeg: International Institute for Sustainable Development.
[69] Wolfowitz, P. (2006) Preface: In R. Stapenhurst, N. Johnston, and R. Pelizzo (eds) The Role of Parliament in Curbing Corruption. The World Bank, Washington, D. C, pp: xi.
[70] World Development Report (1991) The Challenge of Development. In the Courier: Africa – Caribbean Pacific, European Community, No. 129, pp: 82-83
[71] World Bank (1997) World Development Report 1997: The State in a Changing World. Washington, D. C World Bank.
[72] World Development Report (2015) Mind; Society and Behaviour. The World Bank, Washington, D. C.
MA 02210, USA
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - American Institute of Science except certain content provided by third parties.