June 28, (THEWILL) – Vice President Yemi Osinbajo on Monday blamed corruption and lack of transparency, among other factors, for poor contract negotiations in Nigeria.
Osinbajo spoke on Monday at a two-day capacity building workshop for negotiators.
The workshop, organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in Abuja, seeks to help Nigeria improve its terms of engagement with the rest of the world as part of efforts to stem illicit financial flows.
The Vice President cited the P&ID case and the Strategic Alliance Contract case where Nigeria is at a risk of losing billions of dollars due to poor and shrewd negotiations of the contracts.
He called for proper negotiations by Nigeria in the ongoing discussion on climate change, which he says should put into consideration Nigeria’s peculiar economic situation and the needs of the citizens.
