.35 per cent of Nigeria’s GDP Proceeds of Bribes Paid to Public Officials in 2023 – NBS

 

National Bureau of Statistics, (NBS) has released a new damning report that a staggering amount of $1.3bn was received by Nigerian government officials as bribe in 2023. This translates to N721bn in the current official exchange rate.

The report released on Thursday titled, “Corruption in Nigeria: Patterns and Trends”, said the N721bn paid in bribes amounts to about 0.35 per cent of Nigeria’s Gross Domestic Product.

The Bureau based its result on a survey conducted with the United Nations Office on Drugs and according to the survey, the average cash bribe was N8,284, an increase from an average of N5,754 in 2019.

The report read in part, “According to the 2023 survey, the average cash bribe paid was 8,284 Nigerian Naira. While the nominal average cash bribe size increased since 2019 (from NGN 5,754), this does not account for inflation. The inflation-adjusted average cash bribe in 2023 was 29 per cent smaller than in 2019 in terms of what could be bought with the money.

“Overall, it is estimated that a total of roughly NGN 721 billion (US$1.26 billion) was paid in cash bribes to public officials in Nigeria in 2023, corresponding to 0.35 per cent of the entire Gross Domestic Product of Nigeria.”

The report stated that corruption was ranked fourth among the most important problems affecting the country in 2023, after the cost of living, insecurity and unemployment.

It added, “This suggests relatively stable and high levels of concerns about corruption over time and compared to other concerns such as education or housing.

“Nigerians confidence in the government’s anti-corruption effort has been declining over time and across regions. While in 2019, more than half of all citizens thought that the government was effective in fighting corruption, in 2023, the share declined to lessons than a third of all citizens.

“The downward trend in the citizen’s confidence is observable across the entire country, with all six zones recording reductions of more than 10 percentage points between 2019 and 2023 in terms of the share of citizens who thought the government was effective in fighting corruption.” the report says.

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