Nigerians pay N400 billion bribes annually – ICPC official
The Principal Investigator at the Anti-Corruption Academy of Nigeria , the research and training arm of ICPC, Suleiman Suleiman, said this on Tuesday.
He quoted the PricewaterhouseCoopers 2016 data that estimated that corruption will wipe off 37 per cent of Nigeria’s GDP by 2030. The latest Nigerian Gross Domestic Product report by the National Bureau of Statistics shows that the Nigerian economy grew by 2.01 per cent in real terms.Compared to the growth rate of 1.89 per cent recorded in the first quarter of 2018, the NBS said real GDP in the first quarter of 2019 grew by 0.12 per cent points.
”It is like saying if you spend money unwisely you would have N20 but when the money is spent carefully, you would have N35. So the figure of $534billion is what Nigeria can have if we reduce corruption. According to the TI reports, out of the 35 countries surveyed, more than half of all African citizens think corruption is getting worse in their countries, with 59 per cent of people thinking their government is doing badly at tackling corruption.
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