Tag
The details of the 2019 audit report cast a big doubt on the commitment of Africa’s most populous nation to fighting corruption and ensuring proper use of government funds.
he Nigerian National Petroleum Corporation (NNPC) has failed to account for 104.48 million barrels of domestic crude oil it lifted in 2019.
Dataphyte’s review of Nigeria’s 2019 audit report has shown that Nigerian Ministries, Departments and Agencies spent monies running into trillions of naira without appropriation or financial transparency.
Transparency in budgeting and contracting mostly remains missing in state governments. Even more uphill is the task for civic organisations in partnering with these governments to help establish open portals. Incentivising governments to coerce fiscal accountability has proved effective, albeit on a small scale. But for most governments, lack of political will or ignorance on the importance of an open government has forestalled progress
The latest audit report of Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Federal Government denied the National Emergency Management Authority (NEMA) of its statutory share of the Ecology fund to the tune of 12.6 Billion naira from 2012 to 2016.
