Why Nigeria’s Transparency International rating is low ― FG

The Federal Government, on Wednesday, explained why Nigeria is rated low on the Transparency International (TI) corruption perception index, blaming it on the opaqueness in doing business in the country.

The Minister of Information and Culture, Lai Mohammed, said this while fielding questions at the end of the Federal Executive Council (FEC) meeting at the presidential villa Abuja.

He said the present administration had, consequently, initiated reforms to make it easier and more transparent to do business, especially in the port sector.

Mohammed argued that the issue of TI low corruption perception of the country is not necessary about stealing public funds.

The minister also said that the group’s rating of Nigerian has not correctly reflected the government’s effort to curb corruption in the country.

He noted inconsistencies in scoring by TI over the years due to inadequate data, saying that the government is taking necessary measures to communicate relevant data on all sectors.

Mohammed affirmed that by the time the reform put in place start to yield result, the country’s corruption perception will improve.

Details later…

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