Business Hilights

Tracking Nigeria's Headline Business News Online

Buhari smiles
PUB ADMIN

Transparency International (TI) hits Buhari’s government on corruption

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

Transparency International (TI), a global movement working in over 100 countries to end the injustice of corruption has ranked Nigeria 154, out of the 180 countries, placing it on a list of 31 countries that have made no significant progress against corruption in the last decade.

The TI made its ranking public in its Corruption Perception Index (CPI) report for the year 2021, made available on January 25, 2022.

The CPI measures the perceived levels of public sector corruption.

In the statement accompanying the report, TI acknowledged ’that corruption levels are at a worldwide standstill’ and that ‘31 countries have made no significant progress against corruption in the last decade.

“Two-thirds of countries score below 50, indicating that they have serious corruption problems, while 27 countries are at their lowest score ever.

“Of the poor performing countries, Nigeria featured prominently scoring 24 out of a possible 100 points and ranking an abysmal 154 out of the 180 countries ranked.

“A score that has been described as a historic low.

While countries like Kenya which was in the same bracket score with Nigeria in 2016 have progressively improved in their CPI index raking, Nigeria has progressively declined.

“While Kenya scored 26 points in 2016, it has currently moved up to 30 points in 2021, Nigeria on the other hand has moved from 28 points in 2016 to 24 in 2021.

“Compared to Ghana that has remained relatively stable at 43 points, Nigeria has continued to lag behind on the CPI and found company among countries such as Myanmar, Lebanon, Kyrgyzstan and Guatemala.

“Despite the usual claim by Nigerian Government officials that the Government is making a big stride in its efforts at curtailing corruption, the failure of the Government to take actions on Government officials indicted in grand corruption such as exposed in the Niger Delta Development Commission (NDDC) forensic audit, as well as other revelations such as the Panama Papers, Pandora Papers and FinCEN Files, reveals a lack of political will to comprehensively tackle corruption at its very roots.

Nigeria ranks 154, on Corruption Perception Index

“The culture of impunity that has emerged as a result of the failure of successive government to frontally tackle the scourge of corruption in Nigeria has continued to fuel the negative perception of Nigeria as an endemically corrupt country and this perception is what is revealed in the CPI ranking of Nigeria.

“Also true to TI’s assertion that ’that corruption levels are at a worldwide standstill’, Nigeria’s class of low performers in the CPI remains largely unchanged dispelling any notion of being singled out as agents of the Nigerian government will have the world believe.

“While modest and incremental reforms are beginning to gain roots in the maritime sector, where the Maritime Anti-Corruption Network (MACN) in collaboration with the Nigeria Shippers Council (NSC), the Independent Corrupt and Other Related Practices Commission (ICPC) and Technical Unit on Anti-Corruption Reforms (TUGAR) and other port agencies through the instrumentality of the Port Service Support Portal (PSSP) housed by the NSC and the Project Steering Committee (PSC), the Nigerian Port Process Manual (NPPM) which led to the formation of the Port Standing Task Team (PSTT), such collective action initiative is not replicated in other sectors and such a model is recommended for anti-corruption reforms in the country”.

The body strongly recommended that For anti-corruption efforts to be effective and bear results, the Federal Government must adopt preventive reforms, involving all relevant stakeholders, to ensure enduring more effective success in the medium and long term.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.