NEXUS BETWEEN MORAL VALUES AND ECONOMIC DEVELOPMENT IN AFRICAN TRADITIONAL SOCIETIES

Abstract

There seem to be a strong connection between moral values and economic development in traditional African societies. This connection to a large extent seems to be overlooked and that has attributed to the dwindling economic development being witnessed today in most of the societies. This study aims at reechoing the nexus between moral values and economic development, specifically in African societies. The study adopts a descriptive analysis of the African moral value system and how it facilitates economic growth within the African region. Findings from this study reveals that despite calls from some quota that economic development has no link with moral values, there is a strong connection between the two so far as African society is concerned. Attempt to separate the two which results to corruption and other immoral actions are part of the causes of the dwindling economy in Africa.