VICE PRESIDENT, YEMI OSINBAJO BLAMES CORRUPTION AND LACK OF TRANSPARENCY FOR POOR CONTRACT NEGOTIATION IN NIGERIA.
Written by miebaka ikiriko on June 30, 2021
Vice President Yemi Osinbajo has blamed corruption and lack of transparency among other factors for poor contract negotiation in Nigeria.
The Vice President made the comment while addressing a two day capacity building workshop for negotiators.
The workshop organized by the independent corrupt practices and other related offences commission ICPC in Abuja, seeks to help Nigeria improves its terms of engagement with the rest of the world as part of efforts to stem illicit financial flows.
Vice President Osinbajo cited the P and ID case and the strategic alliance contract case where Nigeria is at risk of losing billions of dollars due to poor and shrewd negotiations of the contracts
He called for proper negotiation by Nigeria in the ongoing discussion on climate change which he said should put into consideration Nigeria’s peculiar economic situation and needs of the citizens.