Former President Olusegun Obasanjo in Abia state (Photo credit score: Channels TV)
Former President Olusegun Obasanjo has raised alarm that corruption within the nation will eat up over 30 per cent of Nigeria’s Gross Domestic Product (GDP) if not tackled.
Obasanjo who raised the alarm on Sunday in Lagos, referred to as on Africans to look inward and anchor on worth reorientation, respectfulness, obedience and laborious work to lift above its challenges.
As said by him, “The key to Nigeria’s financial transformation is integrity. We should begin putting a excessive premium on integrity. When international locations and organizations are managed with integrity, it leads to long-term advantages.
“The impact of corruption will price as much as 30 per cent of Nigeria’s Gross Domestic Product by 2030 if not handled.
“As Africans, we have to look inward and anchor on integrity, worth reorientation, respectfulness, obedience and laborious work. There is a lack of focus; there may be political impunity and it's a consequence of lack of transparency and integrity.
“Lack of integrity in our nationwide life is inflicting us a lot of potential and it's the grandfather of corruption. It is answerable for the excessive price of governance. Contract splitting is now the order of the day. Companies physician their annual reviews to go well with enterprise functions.
“Public office holders engage in procurement distortions and these have led to the huge institutional inefficiency, infrastructural and social decay we are experiencing today.”