Okonjo-Iweala proffers solution to ending corruption

•Okonjo-Iweala… Finance Minister

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•Ngozi Okonjo-Iweala, Finance Minister
•Ngozi Okonjo-Iweala, Finance Minister

The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Monday urged structural institutions in federal, state and local governments to help curb corruption in the country.

Okonjo-Iweala made the call at the launch of the World Bank Group Country Partnership Strategy 2014-2017 in Abuja.

She said that the introduction of the Treasury Single Account System and the Integrated Personnel Pay Roll System (IPPIS) to pay workers electronically were part of government’s efforts to curb corruption.

“These are instruments to block leakages and it is only by systematically building institutions that you can fight corruption.

“Why some developing countries are less corrupt is because they put systems and processes in place with relevant punishments if people are found wanting,” she said.

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According to her, the new partnership strategy of the World Bank will support government’s efforts to put strong systems and institutions in place.

The minister added that corruption was a global thing that was not peculiar to any particular nation or race.

Okonjo-Iweala said that corruption should not be tackled in abstract but effort must be made to ensure that corruption was tackled at all levels.

“And we need to work really hard in Nigeria to tackle corruption to make sure that there is no impunity and find out the specific areas where it exists and tackle it.”

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