FG’s efforts to revamp economy won’t achieve much without fighting corruption —Minister
Posted by News Express | 27 October 2016 | 1,524 times
The Minister of Information and Culture, Alhaji Lai Mohammed, has said the ongoing efforts by the Federal Government to revive the nation’s economy will not yield positive results unless the fight against corruption is also intensified.
Speaking at the 2016 Annual Lecture of the Federal Radio Corporation of Nigeria (FRCN) in Abuja on Thursday, the minister said that is why the government is tackling both issues simultaneously.
“And that’s why the Federal Ministry of Information and Culture launched a Sensitization Campaign Against Corruption on 18th January 2016...with a view to alerting Nigerians to the evils of corruption and carrying them along in the efforts by the government to tackle the menace,” he said.
Alhaji Mohammed described as appropriate the topic of the lecture, “Fighting Corruption and Growing a Sustainable Nigerian Economy”. He said it could not have come at a better time, “as this administration is stepping up its anti-corruption fight while also seeking to bring the economy out of recession and put it on the path of sustainable growth.”
“It is also noteworthy that the topic for this 2016 lecture incorporates two of the three cardinal programmes of this administration, which are the fight against corruption and the revamping of the economy to create jobs and provide wealth. The third priority, of course, is the fight against insecurity,” he said.
The minister said there is a direct correlation between corruption and economic growth, noting that corruption stifles economic growth in many ways, including by discouraging foreign investment, reducing tax revenue and preventing infrastructural development.
He said: “In other words, in countries where you have a high level of corruption, there is reduced economic growth and, of course, higher poverty level. That’s why the Berlin-based global civil society organisation, Transparency International, said corruption, especially public sector corruption, is about so much more than missing money. It’s about people’s lives.
“It is therefore not a surprise that the countries that have consistently scored high marks in the Annual Corruption Perception Index of Transparency International are also the countries that have also managed to grow a sustainable economy.”
Alhaji Mohammed noted that, having recognised corruption as the biggest threat to the economic and political development of any country, the Federal Government will not relent in its efforts to tackle the menace of corruption to a standstill.
According to him, “The Buhari Administration, since its inauguration, has left no one in doubt regarding its commitment to ridding Nigeria of corruption, as captured poignantly in President Buhari’s statement that if Nigeria does not kill corruption, corruption will kill Nigeria.
“We are very much aware that the fight against corruption will not be easy. Fighting entrenched corruption can sometimes be a very lonely road to travel in our part of the world, where a true community of genuine corruption fighters are assailed from every side by unwary recruits of the looters among us, in our communities, places of work and worship. We also know that corruption is fighting back, fastly and furiously. But with uncommon commitment and determination, we will win the war against corruption.”