Nigeria Moves Up Six Places In The 2014 CPI Rankings
Today, Transparency International released the 2014 Corruption Perception Index Report. This report is exceptionally important at this phase of the nation’s history as the country would witness a change in government at all levels in a matter of months. According to the report, Nigeria moved up 6 positions on the common sized rankings (of 175 countries) to 136 out of 175. This is indicative of a shift in the perception around corruption in Nigeria. This is no doubt a move in the right direction. Not only did Nigeria have an improvement in her absolute rankings, the nation also compares favourably with the BRIC(Brazil, Russia, India, China, South Africa) (-30.25) and MINT (Mexico, Indonesia, Nigeria, Turkey) (+0.5) nations.
The Corruption Perception Index (CPI) ranks countries according to how corrupt their public sectors are perceived to be.The reports analysis showed that the Police (4.7/5) and Political institutions (4.5/5) are perceived by the public to be the most affected by corruption. The index captures the informed view of analysts and business professionals in countries worldwide.
The National Competitiveness Council of Nigeria (NCCN) is dedicated to promoting the fight against corruption in Nigeria with the ultimate goal of improved collective prosperity. Since commencing full operations in January, the NCCN relentlessly crafts and advocates policy interventions that will lead to tangible improvements in Nigeria’s competitiveness and perception of the country.
There is still much work to be done to improve the international perception of Nigeria and the public sector cannot achieve this single handedly. There is a need for private sector initiatives designed to tackle corruption. In this regard, the NCCN in commemoration of the UN anti-corruption day, has partnered with the Clean Business Practice Initiative (CBPI) to host a moderated panel discussion with the theme “CORRUPTION COMPLICITY OF THE PRIVATE SECTOR IN NIGERIA”-Challenges & Solutions. This panel discussions will therefore centre around proffering possible solutions which are both sustainable and allow for private sector buy in.