The Center for International Private Enterprise (CIPE) defines corrosive capital as financing lacking transparency, accountability, and market orientation, which can hinder sustainable development through inefficiency, negative impacts on governance processes, non-compliance with regulations, and environmental harm. This policy paper aims to comprehensively analyze the corrosive nature of certain capital investments in Nigeria and provide reform recommendations. The goal is to foster a more responsible and beneficial approach to capital investments, creating an environment conducive to positive contributions to economic growth, governance, and overall well-being.
Published Date: March 15, 2024