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Vice President Yemi Osinbajo, Explains Government Policies

Transcript of an interview granted by Vice President Yemi Osinbajo to a group of journalists and social media practitioners in Lagos on Friday, 2 March 2018. He explains government policies, the fight against corruption, infrastructural development, 2018 budget, controversies on appointments and the rating by Transparency International
On Nigeria’s rating by Transparency International’s Corruption Perception Index.
Vice President: I think that by even Transparency International’s own assessment, Transparency International uses nine different indexes to come to a conclusion. In four out of those indexes, Nigeria moved up, in another four Nigeria stabilized & dropped in only one index. So in aggregation, it (T.I) then decides that it has fallen in certain number of points below where we were.
I think the important thing to bear in mind about Nigeria’s anti-corruption fight is that the government has done what it ought to do by focusing on grand corruption. Grand corruption is the type we experienced years before when, for example, $15 billion was lost in defence contract. Two, three weeks to election, N100 billion in cash was taken out, and again $293 million in cash, two weeks, three weeks to election. That’s the kind of impunity. And of course you are also familiar with the scam that went on in the NNPC at the time; the so called statutory contracts, that’s grand corruption. That is the corruption that crippled the economy of the country.
Let me tell you very quickly how you can recognise that we have scaled a good deal on grand corruption today: despite the fact that we are earning 60 percent less in revenue, we are actually able to spend more than ever before in the history of this country on infrastructure. In 2017, we spent about N1.3 trillion on capital. That’s the highest in the history of the country. So we are able to do far more with far less because we have controlled the impunity that went on, the grand corruption, and all of that.

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