Osinbajo blames Nigeria’s poor contract negotiations on corruption

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Vice-President Yemi Osinbajo has blamed the menace of corruption and lack of transparency that has eaten deep into the Nigerian society for the poor contract negotiations in the country.

The Vice President said this while giving a speech at a two-day capacity building workshop for negotiators organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Abuja.

According to the commission, the workshop is part of effort to help Nigeria improve its terms of engagement with the rest of the world in order to stem illicit financial flows.

The Vice President while giving examples 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 thereafter 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.



Abisola Adebayo is a Reporter/Presenter/Social Media Manager for Tv360Nigeria. She is a first class graduate of the department of Mass Communication at Fountain University, Osogbo. Abisola is currently running her Masters Degree at the University of Lagos. The Social Media savvy young lady is ambitious and driven, likes trying new things and sets new goals for herself. Always looking for an opportunity to do better and achieve greatness.


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