The National e-Government Strategies Ltd (NeGSt) has said that it’s worried by the scale of corruption in the country and that with the mandate given it and other agencies by the government to fashion out means to combat the menace that it has been working assiduously to ensure that Nigeria is corruption- free.
The Executive Vice Chairman of the National e-Government Strategies Ltd (NeGSt), Dr Felix Obada, said that the Transparency, Accountability and Sustainability (TAS) software solution, which it launched recently will help all Ministries, Departments and Agencies (MDAs) of the Federal Government, including the private sector organisations, to curb corruption.
According to him, it has become imperative for everybody to put all hands on deck to combat corruption in the country, saying the government alone can’t fight corruption since it permeates all stratas of the society, and that NeGSt has taken it upon itself to join hands with the government to eradicate the scourge in Nigeria.
NeGSt stated that President Muhammed Buhari said that the country under him is poise to fight corruption to a stand-still. Obada recalled his words: “Nigeria is struggling with illicit financial flows (IFF) as successive budgets suffer setbacks in the last 15 years.
“Judging by the current exchange rate, the country cumulative budget, from 2004 to 2018 stood at about N60 trillion, while more than N103 trillion was stolen in illicit transfers.”
President Buhari, according to Obada, had told the audience at the 74th United Nations General Assembly that his country lost $157.5 billion to illicit financial flows between 2003 and 2012. But stakeholders insisted that the flow has maintained steady increase to date.
Obada added that, in the face of the ravaging effects of Covid-19, United Nations (UN) had said curbing capital flight and curbing financial flows in Africa could generate new funds of up to $88.6 billion per year to respond to the Covid-19 crisis.
He further explained that corruption persisted and lingered for too long, because successive governments have not found the right technology solution, adding that TAS,
which has undergone a successful pilot test, was designed to help government and the private organisations, eliminate financial corrupt practices among Nigerians.
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