Nigeria’s economy can be grown to $327bn in 2030 if corruption is reduced —Don.

BENIN—A Professor of Economics at the University of Benin and non Executive Director of the board of the Central Bank of Nigeria, CBN, Prof. Mike Obadan, has said that the Nigerian economy could be grown to $327 billion in the year 2030 if corruption in the country was reduced to the level of Ghana, Malaysia and Colombia.

Prof. Obadan, who spoke at the Anti-money Laundering/Counter-Financing of Terrorism seminar organised  by the Inter-governmental Action Group Against Money Laundering in West Africa, GIABA, in Benin, Edo State, yesterday, insisted that with a reduced corruption ratio, West African countries could be at par with countries such as Indonesia and Singapore, adding that  corruption and money laundering had retarded the development of the West Africa sub-region.


By Gabriel Enogholase.
Full story at The Nigerian Vanguard.