This study investigates the impact of corruption on economic development of Nigeria. The three stage least square method (3SLS) was employed on the time series secondary data analysis covering 1986 to 2018. These data were obtained from institutional and organizational (Central Bank of Nigeria and World Development Index) database and publications. Four models were specified and these models examine the relationship between corruption and economic development. The study revealed that corruption significantly influences the economic development of Nigeria. The study therefore recommends that all the anti-corruption agencies should be strengthened financially and well equipped with trained personnel. Stiffer penalties should be melted on those involved in corrupt practices.
