Nigeria wants to borrow $29.96 billion externally. That is actually a good thing if we have institutions that would give us that money under fair market terms. The problem is never more money – the challenge remains the low efficiency in the utilization of the factor of production. So, this is my humble request: the federal government should post all receipts and invoices (above N10 million or $30,000) that are associated with this loan online for Nigerians to monitor and track. If we do that, we can be certain that this money will work for the Nigerian people. Also, that would go with this roadmap of dealing with procurement corruption in Nigeria. Yes, it is time to implement that our anti-corruption tech-driven strategy for public procurement.
We will build a corruption-free nation where it would be extremely impossible to perpetuate corruption because technology will make things obviously transparent. All government systems must be structured to be corruption-resilient so that people that want to perpetuate corruption will fail. We will publish any government expense that is more than N10 million in a web diary which all citizens will have access to. This applies to all levels in the federal government, from ministries to agencies. For national security reasons, a segment will be available to the civil society and accredited press team. Our government will improve business systems and make doing business in our nation easier.
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