Corruption: Nigeria’s Hydra-Headed Problem

If the viral report on the social media that the former Director-General of the Department of State Security, (DSS,) Yusuf Magaji Bichi, is currently looking for his son, Abba, who broke into his safe in his house and stole $2million (N3billion) cash and took off, is true, then Nigeria is in for big trouble. This is not healthy news in a country that is plagued by  multi-dimensional socio-economic challenges. According to the report, “sources in the DSS who confirmed the theft said Abba who had knowledge of where his father hides money he collects from politicians raced to his father’s house and took the box load of Dollars as soon as his sack was announced by President Bola Tinubu”.While about 200 million people wallow in an orgy of corruption- induced poverty, some public office holders are far richer than some states.
That the son of the former Director General of State Security Services allegedly “broke into his father’s house and stole $2million about N3 billion equivalent is one of the several known and hidden cases of brazen corruption that have dwarfed to a state of savagery Nigeria’s development. How could a public servant in Nigeria have such whoping amount of money at home? This goes to confirm the saying that loots of Nigeria’s public officers are hidden in foreign banks, GP tanks, underground safe and several other odd and unorthodox saving methods.Such startling revelations of alleged outrageous looting, siphoning of public funds and corrupt practices  attests to the fact that Nigeria is incurably sick and is tottering on the brink of collapse, if nothing is done to save the country. Nigeria is not a poor country yet millions are living in hunger, abject poverty and avoidable misery. What an irony!
Nigeria, Africa’s largest economy and most populous nation is naturally endowed with 44 mineral resources, found in 500 geographical locations in commercial quantity. According to Nigeria’s former Minister for Mines and Steel Development, Olamiekan Adegbite, the mineral resources include: baryte, kaolin, gymsium, feldspar, limestone, coal, bitumen, lignite, uranium, gold, cassiterite, columbite, iron ore, lead, zinc, copper, granite, laterite, sapphire, tourmaline, emerald, topaz, amethyst, gamer, etc. Nigeria has a vast uncultivated arable land even as its geographical area is approximately 923, 769 sq km (356,669 sq ml). “This clearly demonstrates the wide mineral spectrum we are endowed with which offers limitless opportunities along the value-chain, for job creation, revenue growth. Nigeria provides one of the highest rates of return because its minerals are closer to the surface”, Adegbite said.
Therefore, poverty in Nigeria is not the consequences of lack of resources and manpower but inequality, misappropriation, outright embezzlement, barefaced corruption that is systemic and normative in leaders and public institutions. Although, Nigeria is ranked as the economic giant of Africa, the most populous country in Africa and the sixth in the world with a population conservatively put at 200 million people, the country has the second highest population of impoverished people in the world.According to the World Poverty Clock 2023, Nigeria has the awful distinction of being the World Capital of Poverty with about 84 million people living in extreme poverty today. The National Bureau of Statistics (NBS) data also revealed that a total of 133 million people in Nigeria are classed as multi-dimensionally poor.
Unemployment is a major challenge in the country.
About 33 percent of the labour force are unable to find a job at the prevailing wage rate. About 63 percent of the population were poor because of lack of access to health, education, employment, and security.Nigeria Economic Summit Group (NESG) speculated that unemployment rate will increase to 37 percent in 2023. The implications, therefore, is increase in unemployment will translate to increase in the poverty rate.The World Bank, a Washington-based and a multi-lateral development institution, in its macro-poverty outlook for Nigeria for April 2023 projected that 13 million Nigerians will fall below the National Poverty line by 2025. It further stated that the removal of subsidy on petroleum products without palliatives will result to 101 million people being poor in Nigeria.The alarming poverty in the country is a conspiracy of several factors, including corruption.
In January, 2023 the global anti-corruption watchdog, Transparency International, in its annual corruption prospect index which ranks the perceived level of public sector corruption across 180 countries in the world, says Nigeria ranked 150 among 180 in the index. Conversely, Nigeria is the 30th most corrupt nation in the ranking. It is also the capital of unemployment in the world. At the root of Nigerians’ poverty is the corruption cankerworm.How the nation got to this sordid economic and social precipice is the accumulation of years of corrupt practices with impunity by successive administrations.  Nigeria is not a poor country yet millions are living in hunger and abject poverty. The government can close the yawning inequality gap and increasing poverty level. There are several cases of corruption in Nigeria that have been swept under the carpet.
The case of misappropriation and embezzlement of pension funds is one of such ugly cases that stares the Federal Government’s anti-Corruption agencies and the Judiciary on the face. The Federal Government should be proactive and intentional in addressing the stinking wave of corruption in the country.

Igbiki Benibo