MORALITY AS A PANACEA FOR ECONOMIC DEVELOPMENT IN NIGERIA: THE WAY FORWARD

Abstract

The paper examines moral issues viz-a-viz economic development in Nigeria. Morality is one of the prerequisites for attaining the desired level of economic development of any political society, inclusive of Nigeria. A lot has been done in the sphere of moral rejuvenation which badly failed to produce the desired result. The Nigerian society has been bedeviled by a lot of vices ranging from: embezzlement, corruption, nepotism, favouritism, tribalism, sectionalism, and indiscipline, squander mania instincts and a host of others. All these are moral issues which have adversely affected the Nigerian economy over the years; translating into not achieving the desired result of economic development. The paper concludes with ways of revamping and sustaining moral education in Nigeria, as a precondition for revamping and sustaining the economy.