The fifth Regulatory Conversations (RC 5.0) series, themed “National Integrity Barometer: A Roadmap for 2020” took place on the 10th of December 2019. It addressed the various private-led integrity interventions in the systems and institutions in the Nation and provided the platform to discuss the effectiveness of the interventions. Regulatory Conversations 5.0 also provided an opportunity for the stakeholders to discuss a sustainable road map for 2020.
The Executive Director of the Integrity Organization, Mr. Apampa acknowledged the role of international corruption watchdog, Transparency International (TI), in developing a global corruption Index, that captures Nigeria as one of the world’s leading corrupt nations, but fails to highlight the areas that need to be addressed to reduce the incidence of corruption. According to him, “Nigeria needs a barometer to reflect the changing narrative in tackling corruption.”
He said that the barometer would provide an opportunity for Nigeria to build its institutions on integrity, as it changes its corruption perception globally. Apampa gave the example of the Nigerian maritime sector that has experienced remarkable reforms since 2012. In his words, “This barometer seeks to highlight what works, why it is working and signal policy options that could scale up the impact and learning opportunities.”
The Regulatory Conversations event series was conceived in response to recent regulatory actions in Nigeria, after it became clear that a dialogue was needed to address the tensions created in the market and avoid negative impacts on the economy such as further declines in FDI flows, as a result of these regulatory actions.