Day 2 | Tuesday, 8th December 2020 | 11:45 am – 15:00
Focus: Economic Inclusion & Business Led Solutions
|12:00 – 12:15 pm||Opening remarks
Watch | The human and economic cost of corruption?
|12:15 – 12:30 pm||Plenary | The organized business community’s role in combating corruption and the need for government reforms to reduce corruption in Nigeria. Ms Omowumi Gbadamosi, Country Director, CIPE | Mr. Muda Yusuf, Director General LCCI|
|12:30 – 12:45 pm||Special Address: Prioritizing financial Inclusion and public finance transparency to tackle corruption and waste in Nigeria.|
|12:45 – 1.05 pm||Keynote Address: Professor Kingsley Moghalu, Professor, The fletcher School of Law and Diplomacy, Tufts University, Massachusetts, former Deputy Governor, Central Bank of Nigeria.|
|1:05 – 1:15 pm||Watch | What does an ethical company look like?|
|1:15 – 2:45 pm | Breakout Sessions|
|The Menace of Corruption on the engine of growth in Africa – Entrepreneurs, Micro, Small, and Mid-sized Enterprises (MSMEs): Micro, Small and Medium Enterprises (MSMEs) are indeed the backbone of the economic growth contributing up to 50% to Nigeria’s GDP and providing over 90% of employment. However, the potentials of the sector are undermined by unfriendly business environment factors including cost conditions and corruption. Small business owner and entrepreneurs throughout the country disproportionately bear the cost of corruption directly and indirectly due to a broken social welfare system and a bureaucratic regulatory environment steeped in corruption that is unable to deliver on the promises of otherwise well-articulated policy interventions.
|Empowering the media and promoting press freedoms to tackle corruption and strengthen accountability in Nigeria: The media is an essential part of civic engagement serving as a primary watchdog to expose corruption and enhance accountability. However there has been declining support for press freedoms according the 2016-18 survey by Afrobarmeter. At the same time, insecurity, weak institutional safeguards and the lack of resources and capacity presents a range of pressures on journalism that undermines their professionalism and independence.
|Harnessing technology to mitigate corruption in the private and public sector and to maximize public policy for public good: This session will highlight the value of Technology for development. Participants will discuss how technology enables corruption in Nigeria with a view to understanding how technology can at the same, time be used to mitigate corruption and improve integrity. This session will highlight the missing link in the fight against corruption even where there is advanced technology that could enhance prevention.
|2:45 – 3:00 PM
Call to Action by Otunba Abimbola Ogunbanjo President of the National Council of the Nigerian Stock Exchange