Mismanagement of united nations aids and natural resources funds in Nigeria from 2006 to 2016

Nigeria is generally considered the giant of Africa. There are so many different aspects of this recognition within the global spectrum. In view of this, the might of the state cannot be debated but it is also beyond reproach. The study below portrays some of these aspects considering mismanagement of resource funds and aids in Nigeria between 2006-2015. In this period, Nigeria attained record levels in mismanagment and corruption. The wealth of Nigeria comes mostly from its resources, petroleum products being the largest resource the country is endowed with. Accounting for over 90% of the GDP, Nigeria is Africa's largest exporter of petroleum products and a prominent member within the global trade. This has given the country a significant position within OPEC (Organization of Petroleum exporting Countries). However, this study adds light to the fact that despite its potential, mismanagement of funds in these sectors has significantly impacted Nigeria's economy. Due to mismanagement, the people of Nigeria live under the poverty threshold. This has led the country to be one of the recipients of aids from around the world to support some of its sectors which are seriously affected by the mismanagement of states funds. The study brings an in-depth view into the mismanagement practices within the state and how the practices are carried out within the sectors of the state that accounts for most of it revenues. Looking into the mismanagement of funds and aids also presents how difficult it is for the people most afflicted to receive the aid they need. Notwithstanding, the research also evaluates the overall impact of the mismanagement on the state mechanism as a whole while presenting its impact on smaller institutions of the state. Finally, the study makes some policy suggestions which can alleviate the repercussions of mismanagement. Keywords: Mismanagement, Corruption, embezzlement, Fraud, Aid, Natural resources, Petroleum