Osinbajo: Why Nigeria’s Anti-corruption Rating by TI Dropped Sharply
Omololu Ogunmade
Vice President Yemi Osinbajo yesterday in Abuja said Nigeria’s rating in the latest corruption perception index released by Transparency International (TI) fell drastically because the country was rated very low in only one of the nine indices examined.
The vice-president made this remark while speaking on the theme: ‘The Imperative of Cooperation of Arms of Government in a Democratic Dispensation,’ at the Dialogue of Organs of Government on Reform of Justice Sector and Campaign Against Corruption, jointly organised by the Presidential Advisory Committee Against Corruption and Federal Ministry of Justice in the Presidential Villa.
According to him, Nigeria’s rating on the economic intelligence unit of the country’s risk service witnessed a decline from the 37 points it scored in the previous rating to 20 this year.
Osinbajo who was represented by the Deputy Chief of Staff, Ade Ipaye, described the ninth index which brought Nigeria down as one which analyses the risks of countries’ financial exposure.
Emphasising that the corruption perception index of TI is meant to ascertain perceived levels of public sector corruption from the perspective of experts and business people, Osinbajo said the development should not be viewed as a setback but as a platform to sustain the successes recorded by the administration of President Muhammadu Buhari.
He insisted that TI bombshell, notwithstanding, the administration had made progress in the fight against corruption but perception appeared to have crippled reality.
The vice-president then proceeded to reel out the achievements of the federal government in various sectors of the economy
“This dialogue couldn’t have come at a better time because only recently, Transparency International released a report suggesting that Nigeria declined in the perception index for reasons which I will discuss shortly.
“We are firmly of the view that real progress is being achieved in the fight against corruption in Nigeria, and perception may indeed lag behind reality. But as the saying goes, perception is sometimes stronger than reality, so, we have to keep up the good fight until the full effect of our efforts can be clearly seen and perceived.
“In that regard, the ranking of Nigeria by the 2017 Transparency International Corruption Perception Index, released on February 21, 2018, should not in anyway be seen as a set back but as an opportunity to continue building on the many successes that have already been recorded by this government in all the key sectors.
“It is also important to note that the main reason for Nigeria’s decline in the Transparency International 2017 Corruption Perception Index, is that Nigeria recorded a major drop in score on just one out of the nine internationally recognised indices used by Transparency International,
to ascertain perceived levels of public sector corruption from the perspective of experts and business people.
“So, the the drop recorded was in just one out of the nine recognised indices. The index in question scored Nigeria low on the economy intelligence unit of country’s risk service with the decline from 37 points to 20. This is an index that analyses the risks of financial exposure in countries.
“The question to be asked then is what changed so dramatically between 2016 and 2017? As we speak, the budget for 2018 is under public scrutiny at the National Assembly, the allocation and use of public funds is guided by the budget and represents one of the key areas of consultations and interaction between the two arms of government, the executive and legislature.
“The endless number of probes and the use of public funds going on both within the executive and the legislative arms, underscore the transparency of this government and its intention to ensure that funds are used for public purposes.
“What sets Buhari’s leadership apart from others, is the prudent and transparent management of national resources. Thus, despite up to 60 percent drop in revenue, we have by stopping grand corruption, made highest capital spend in the history of Nigeria, in the sum of N1.3 trillion in 2017.
“We have for the first time taken on the game changing infrastructure projects. So, we are today building the LagosKano standard gauge rail line beginning with the Lagos Ibadan segment. We are also building after 40 years, the Mambila Hydro Project; construction of the second Niger Bridge is ongoing daily. We have signed up for the Lagos-Calabar rail project. We are daily increasing power supply and once we conclude some strategic transmission projects, we will see a truly significant and appreciable improvement in domestic and industrial power supply in Nigeria.”