Socioeconomic effects of corruption on Nigeria’s Southwest Institutions

It becomes worrisome when corruption meddles in the process of human capital formation as it is seen playing out in higher institutions of learning which is not insulated from the larger society. This study employs Organizational Culture Theories to examine the socioeconomic effects of corruption on Nigeria’s Southwest institutions. The study measured socioeconomic effect of corruption with corruption on students’ academic performance and corruption on students’ admission process. The study adopted descriptive survey research design and primary data extracted with the aid of structured questionnaire designed in a four Likert scale manner to extract information from purposively selected higher institutions of learning in the Southwest, Nigeria. The population of the study is 124, 929. This study employs scientific sampling technique determination of Krejcie and Morgan (1970) that recommends a sample size of 382 for a population below 1million. Ordinary least square regression analysis was employed to analyse the data. The study revealed that corruption on students’ academic performance and corruption on students’ admission process have positive correlation and significant effects on corruption in Southwest institutions of learning in Nigeria. Based on these findings, the study concludes that corrupt practices by all academic stakeholder on admission process and academic performance jointly aggravate corruption in southwest higher institution of learning. The study recommends that Federal and State Government should evolve a conference marking system which compartmentalizes markers and checkers while encouraging whistleblowing within the higher institutions community. Study also recommends for realtime examination and admission as lag period between examination andadmission encourages corrupt practices of racketeering.