1.1 BACKGROUND OF THE STUDY

Nigeria is a West African developing nation with a population of 182 million (United Nations, 20122). According to a World Bank estimate for 2015, Nigeria's gross domestic product was $481,1 billion (World Bank, 2016), of which $80 billion was derived from oil revenues alone (Oyefeso, 2022). However, 110 million Nigerians lived in poverty (Vanguard, 2022). The Market Mogul attributes Nigeria's wealth inequality and poverty on political corruption and huge government spending. In 2012, the Sahara Reporters determined that the wages of Nigerian politicians cost the country $8.3 billion. In 2012, the federal government of Nigeria allocated $7.4 billion for infrastructure development, however only $3.4 billion was spent on infrastructure development (Sahara Reporters cited in Oyefeso, 2022). In addition, in 2012, 50% of the Nigerian population and 70% of the 100 million living in poverty were female (Fapohunda, 2022).

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