Osinbajo calls for higher IPC rating

Osinbajo calls for higher IPC rating

Vice President of Nigeria prof. Yemi Osinbajo urged regulators in Nigerian ports to do more to ensure that Nigeria is ranked higher on Transparency International’s Corruption Perceptions Index (CPI).

Vice President Osinbajo spoke Wednesday at the presentation of the Nigeria Port Process Handbook at the Abuja State House.

The vice president said that despite the resources and time invested in fighting corruption since 2015, when the administration of President Muhammadu Bukhari came to power, the ICC has not shown significant improvement.

He said: “While significant improvements have been made in the fight against corruption in Nigeria, Nigeria’s rankings on certain indices in the Transparency International’s Corruption Perception Index, CPI, have not yet improved, commensurate with government efforts.

“In terms of usefulness and relevance, the CPI and its constituent data sources are largely determined by manufacturers for consumption by the business community.

“Consequently, this has serious reputational and economic implications for the countries assessed.”

Vice President Osinbajo said the CPI analysis shows that ports are the main interface between Nigeria and the business community, both national and international, noting that the experience of the international community shapes their perceptions that feeds their reputation. nation.

“Successful systemic intervention in the port sector will quickly change Nigeria’s narrative, perception and CPI rating,” he said.

He reiterated that the Port Operations Guide was developed to address the vulnerabilities identified in the port processes.

“The manual is intended to create a favorable environment for domestic and foreign manufacturers.

“It also aims to attract more foreign investment to the country, which can improve our economic development.”

According to Professor Osinbajo, the Port Operations Manual should be a key indicator for the effective implementation of Executive Order No. 1 issued in 2017 to address and promote a transparent and efficient business environment.

“The process manual is a gradual trajectory of processes in ports. Designate the participants and deadlines for each process; guides the user by highlighting all necessary documentation, payments, deadlines and responsible agencies.

“He guides port operators in the same way, describing the implementation chain and providing clarity on the time required for each process.

“Process guidance should ensure predictability, improve efficiency and accountability, reduce corruption in port processes, remove bureaucratic bottlenecks faced by port users, and reduce the potential for illegal port requests.

“I was told that the service delivery times outlined in the guidelines were provided by each of the relevant agencies in accordance with their own standard operating procedures, and it is expected that these service delivery times will be further reduced as efficiency and port environment improve.

“The guidance is expected to be reviewed and updated as problems and changes emerge.”

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