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Market Digest Nigeria

Economy

Osinbajo says the process manual will tackle corruption at the Nigerian seaport

Aside the benefit of improved efficiency in the operations of the nation’s seaports, an effective implementation of innovative ideas in the port sector will rapidly change the narrative, the perception, and the ranking of Nigeria in the Corruption Perception Index (CPI) of Transparency International, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo stated this   at the launch of the Process Manual on Port Operations in Nigeria, at a brief ceremony held at the Presidential Villa. The manual was developed by stakeholders led by the Technical Unit on Governance and Anti-Corruption Reform (TUGAR)  — an arm in the presidency — to address operational gaps as well as improve transparency and accountability in the system.

According to the Vice President, “An effective successful systemic intervention in the port sector will rapidly change the narrative, the perception and the ranking of Nigeria in the CPI. The Process Manual on Port Operations is expected to be one of the key indicators for the effective implementation of Executive Order 01 issued essentially to promote transparency and efficiency in the business environment, and designed to facilitate the ease of doing business.”

Prof. Osinbajo noted that “the fight against corruption is one of the priorities of this administration and since 2015 the government has invested time and resources to ensure that corruption is curbed. Even after substantial gains have been attained in the fight against corruption in Nigeria, Nigeria’s ranking under certain indices in the Transparency International Corruption Perception Index (CPI) is yet to show an improvement commensurate to the efforts of the government.

“In terms of utility and relevance, Transparency International CPI and its consequent data sources are determined largely by and produced for the consumption of the business community. “It therefore has significant reputation and economic implications for countries that are being assessed. The analysis of the CPI further reveals that the ports are primary points of interface between the country and the business community, whether domestic or international, and the experiences of the  business community shape their perception which feeds into the reputation of the country.”

Speaking further about the significance of the Process Manual on Port Operations, the Vice President said “Process Manual is a step by step trajectory of processes at the ports. It outlines the actors and timelines for each process. It guides the user by highlighting all required documentation, payments, timelines, and the responsible agencies.

Source: Nigerian Guardian

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