Vice-President
Yemi Osinbajo on Monday blamed corruption and lack of transparency, among other
factors, for poor contract negotiations in Nigeria.
The comment
was made by the Vice President while addressed a two-day capacity building
workshop for negotiators.
The workshop,
organised by the Independent Corrupt Practices and Other Related Offences
Commission (ICPC) in Abuja, is targeted at helping Nigeria improve its terms of
engagement with the rest of the world as part of efforts to stem illicit
financial flows.
Vice-President
Osinbajo cited the P&ID case and the Strategic Alliance Contract case where
Nigeria is at risk of losing billions of dollars due to poor and shrewd
negotiations of the contracts.
He called for
proper negotiation by Nigeria in the ongoing discussion on climate change which
he says should put into consideration Nigeria’s peculiar economic situation and
needs of the citizens.
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Source: channelstv.com
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