Day 1 | Monday, 7th December 2020 | 11:45 am – 15:00
Focus: Business Led Solutions & Strengthen Democratic Institutions
|12:00 – 12:30 pm||Welcome Addresses by Mr. Andrew Wilson, Executive Director, CIPE, US | Mrs. Toki Mabogunje, President, LCCI, Nigeria|
|12:30 – 12:35 pm||Watch | The human and economic cost of corruption|
|12:35 – 12:55 pm||Keynote Address: Impact of Corruption on Economic and Democratic Growth in Africa.|
|12:55 – 1.15 pm||Watch | How can you do business with Integrity in Nigeria?|
|Breakout Panels | 1:15 – 2:45 pm|
|Tackling Corruption in the Maritime Industry:
The maritime sector employs 150,000 people and contributes as much as $15 billion to the Nigerian economy as per estimates in 2013. This sector will be even more instrumental in the recovery and stabilization of the economy as we grapple with the aftermath of COVID-19 and in the light of the AfCFTA. However, bugged down by corruption and inefficiency for years, this sector has failed to compete with its counterparts in the region. What can stakeholders do and what efforts are on the way improve efficiency and create a cleaner business environment?
|Transparency and Accountability in Public Procurement and Spending: Government spending should deliver the benefits of democracy to citizens especially the most vulnerable, but corruption has hijacked this effort. Funds for education, healthcare, infrastructure, clean water, sanitation, and security are often diverted resulting in poor ranking of Nigeria and Africa in general on key development indicators (per capita income, HDI, jobs, poverty rate, etc). What effort beyond procurement reform is needed to dismantle the corrupt systems that enables government collusion with the private sector at citizen’s expense?
|The Supply Side of Corruption: Prioritizing Ethics & Integrity in Business the Culture: Business ethics is the underlying framework for carrying on a business by adhering to the generally accepted standards of right behaviour. Without the oxygen of bribes and collusion, corruption will reduce in Nigeria. Without fair competition, businesses lose innovation, remain uncompetitive, and unable to grow or survive. This underlies the need for a private sector led solution to stem the tide of corruption in Nigeria and Africa to harness the opportunities and demand for growth.
|2:45 – 3:00 PMCall to Action by Dr. Yemi Kale, Director General, National Bureau of Statistics (NBS)|