Nigeria has launched Open Treasury Portal, aimed for the publicity of financial activities of Ministries, Departments and Agencies (MDAs). I want to commend the government for this. A few days ago when I was in the National Assembly, one of the leaders told me that something was going on on some of my suggestions. I had made a case that Nigeria needs to have an open portal to track invoices and receipts. That was in my Inaugural Address as the President of LinkedIn Nation!!. Many politicians have read that piece which was well received by the community.
It is also magical that government is going with my cut-off amount. I had proposed N10 million – “We will publish any government expense that is more than N10 million in a web diary which all citizens will have access to”; government has mandated the AGF to publish “ reports of transactions made to MDAs at N10 million and above.”Certainly, this is not a new idea: someone just did it.
Pillar 1 – Anti-Corruption & Business Reform: 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.
While this is an improvement (velocity, variety and volume must improve in the disclosures as currently present in the portal), I challenge the government to implement the full anti-corruption framework as noted in this video. If we do this, we will reduce procurement corruption by more than 87%.