Exploring the culture and cost of corruption in Nigeria: Can Africapitalism help?

The fact that corruption has often been identified as the development problem in most developing countries has meant that it has also received significant scholarly and policy attention. However, while most analyses of corruption tend to focus on the causes of corruption and on the effectiveness of anti-corruption measures and thus have generated significant insight into the nature and consequences of corruption in Nigeria, there has been limited emphasis on the role of business and how business philosophy and culture might contribute to the fight against corruption. Consequently, this chapter attempts to address this gap in the literature by exploring the relationship between corruption and business from an Africapitalism perspective. The goal is to examine the possibilities of how business operating from an Africapitalism frame might be able to contribute to addressing the pervasiveness of corruption in Nigeria