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New scheme aims to strengthen fight against graft

13 November 2015, 17:10

Abuja - A new initiative has been introduced to combat corruption in Nigeria.

Tagged the Transparency Forum Initiative (TFI), it is a series of targeted roundtables that will be unveiled on Tuesday next week.

“With acknowledgement from the Presidency on this private sector’s Transparency Initiative membered by stalwarts like Dr. Olisa Agbakoba as we launch gives an indication of the emphasis that needs to be placed on the subject matter. The prospect of increased transparency heralds an exciting prospect for the future of doing business in Nigeria” - Baba-Jallah Epega, Spokesman for The Transparency Forum Initiative.

The initiative will focus on highlighting the importance of transparency in all aspects of the political and commercial economy, advocating for regulatory reforms around transparency and encouraging public-private collaboration on new approaches and actions required to embed transparency into the business landscape of Nigeria.

The objectives of the initiative are four-fold- to enable dialogue, build capacity, advocate for solutions and protect the national interest.

The initiative aims to pave a practical platform for the use of improved business training courses and tools such as open data, communication, credibility, visibility, data, reporting, corporate governance, ethics, compliance, tax and audit, best practice and  that are essential to succeeding in business as well as attracting investment.

The medium to long term outcome is to develop a private sector Transparency Baseline Index that reports credible data and information on Nigerian companies in all sectors.

Organisers believe a strong culture of transparency and corporate governance is imperative if Nigeria is to attract both foreign and local direct investment.

- CAJ News


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