Nigerians aren’t just paying more at the market, data on the correlation between inflation and the Transparency International’s corruption index show they are paying a hidden tax of corruption.
Data from four African countries, Botswana, Rwanda, Mauritius, and Nigeria, reveals a clear relationship between corruption levels and inflation outcomes. While other factors also play a role, the consequences of corruption are far-reaching and persistent.
Nigeria’s inflation stood at 21.9 percent in July,
Nigerians aren’t just paying more at the market, data on the correlation between inflation and the Transparency International’s corruption index show they are paying a hidden tax of corruption.
Data from four African countries, Botswana, Rwanda, Mauritius, and Nigeria, reveals a clear relationship between corruption levels and inflation outcomes. While other factors also play a role, the consequences of corruption are far-reaching and persistent.
Nigeria’s inflation stood at 21.9 percent in July,
