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		<title>Nigerian Officials Receive ₦721 Billion in Bribes in 2023, Report Reveals</title>
		<link>https://megaiconmagazine.com/nigerian-officials-receive-%e2%82%a6721-billion-in-bribes-in-2023-report-reveals/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=nigerian-officials-receive-%25e2%2582%25a6721-billion-in-bribes-in-2023-report-reveals&#038;utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=nigerian-officials-receive-%25e2%2582%25a6721-billion-in-bribes-in-2023-report-reveals</link>
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		<dc:creator><![CDATA[Mega Icon]]></dc:creator>
		<pubDate>Sat, 13 Jul 2024 11:13:24 +0000</pubDate>
				<category><![CDATA[Metro]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Corruption]]></category>
		<category><![CDATA[NBS]]></category>
		<category><![CDATA[Nigerian Bureau of Statistics]]></category>
		<category><![CDATA[Nigerian Officials Receive ₦721 Billion in Bribes in 2023]]></category>
		<category><![CDATA[Report Reveals]]></category>
		<category><![CDATA[United Nations Office on Drugs and Crimes]]></category>
		<category><![CDATA[UNODC]]></category>
		<guid isPermaLink="false">https://megaiconmagazine.com/?p=40906</guid>

					<description><![CDATA[<p>A newly released report by the Nigerian Bureau of Statistics (NBS) in collaboration with the United Nations Office on Drugs and Crimes (UNODC) has unveiled staggering statistics on corruption within Nigeria&#8217;s public sector. According to the report titled &#8220;Corruption in Nigeria: Patterns and Trends,&#8221; published on Thursday, Nigerian public officials received an estimated ₦721 billion [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/nigerian-officials-receive-%e2%82%a6721-billion-in-bribes-in-2023-report-reveals/">Nigerian Officials Receive ₦721 Billion in Bribes in 2023, Report Reveals</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
<p>The post <a rel="nofollow" href="https://megaiconmagazine.com/nigerian-officials-receive-%e2%82%a6721-billion-in-bribes-in-2023-report-reveals/">Nigerian Officials Receive ₦721 Billion in Bribes in 2023, Report Reveals</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>A newly released report by the Nigerian Bureau of Statistics (NBS) in collaboration with the United Nations Office on Drugs and Crimes (UNODC) has unveiled staggering statistics on corruption within Nigeria&#8217;s public sector.</p>
<p>According to the report titled &#8220;Corruption in Nigeria: Patterns and Trends,&#8221; published on Thursday, Nigerian public officials received an estimated ₦721 billion in bribes during the year 2023 alone.</p>
<p>The report, based on a comprehensive survey conducted with the UNODC, highlights that this sum accounts for approximately 0.35% of Nigeria’s Gross Domestic Product (GDP). It underscores a significant increase in the average cash bribe size, rising to ₦8,284 from ₦5,754 in 2019, though adjusted for inflation, the real value of these bribes has decreased by 29% since 2019.</p>
<p>Despite a slight decrease in the percentage of Nigerians interacting with public officials, down from 63% in 2019 to 56% in 2023, bribery remains pervasive. On average, each bribe payer in Nigeria disbursed 5.1 bribes in 2023, totaling approximately 87 million bribes across the country, a decline from the 117 million estimated in 2019.</p>
<p>The mode of payment for these bribes was predominantly in monetary form, with over 95% paid either in cash or via money transfers. The report also noted a notable increase in bribery demands from private sector actors, particularly in sectors such as private healthcare.</p>
<p>Furthermore, the report reveals a growing trend of resistance against bribery, with 70% of respondents refusing to pay bribes when solicited, signaling a shift towards anti-corruption sentiments among Nigerians. This sentiment was particularly strong in the North-West region, where 76% of individuals refused to pay bribes.</p>
<p>Regarding recruitment in the public sector, the report disclosed that nepotism and bribery played significant roles, with 60% of successful candidates between 2020 and 2023 attributing their employment to these factors.</p>
<p>Notably, 40% claimed to have secured positions through legitimate means such as written tests or oral interviews.</p>
<p>The report concludes by highlighting that corruption remains a critical concern for Nigerians, ranking fourth after the cost of living, insecurity, and unemployment. Confidence in the government’s efforts to combat corruption has declined sharply, with less than a third of citizens believing in its effectiveness compared to more than half in 2019.</p>
<p>&nbsp;</p>
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		<title>AfricaBuild Lagos 2018: Fairtrade announces 3rd edition</title>
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		<dc:creator><![CDATA[Mega Icon]]></dc:creator>
		<pubDate>Wed, 20 Sep 2017 18:15:44 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[AfricaBuild Lagos 2018]]></category>
		<category><![CDATA[ECOWAS; Advantage Austria; AHK Nigeria-Delegation of German Industry and Commerce]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[FOCI-Federation of the Construction Industry]]></category>
		<category><![CDATA[ICEX-Spanish Embassy; NGBA-Nigeria-German Business Association; Republic of Turkey]]></category>
		<category><![CDATA[Ministry of Economy.]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nigerian Bureau of Statistics]]></category>
		<guid isPermaLink="false">https://iso.keq.mybluehost.me/?p=3787</guid>

					<description><![CDATA[<p>FOLLOWING the emergence of Nigerian economy from the recession as well as the success story recorded by AfricaBuild Lagos this year, Fairtrade announces the 3 rd edition of AfricaBuild Lagos which will take place from 6 to 8 March 2018 at the Landmark Center in Lagos. The event has become the leading international building and interior trade fair [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/africabuild-lagos-2018-fairtrade-announces-3rd-edition/">AfricaBuild Lagos 2018: Fairtrade announces 3rd edition</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
<p>The post <a rel="nofollow" href="https://megaiconmagazine.com/africabuild-lagos-2018-fairtrade-announces-3rd-edition/">AfricaBuild Lagos 2018: Fairtrade announces 3rd edition</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><em><strong>FOLLOWING the emergence of Nigerian economy from the recession as well as the success story recorded by AfricaBuild Lagos this year, Fairtrade announces the 3 rd edition of AfricaBuild Lagos which will take place from 6 to 8 March 2018 at the Landmark Center in Lagos. The event has become the leading international building and interior trade fair in Nigeria.</strong></em></p>
<p>According to the Nigerian Bureau of Statistics, the country managed to emerge from the recession while GDP in the second quarter of 2017 increased by 0.55% in real terms compared to the previous year. Nigeria is the largest economy in Africa with an estimated GDP of 401 billion USD (gtai) in 2017 and is expected to become one of the world&#8217;s top 20 economies by 2050.</p>
<p>Nigeria is the largest economy in Africa with an estimated GDP of 401 billion USD (gtai) in 2017 and is expected to become one of the world&#8217;s top 20 economies by 2050</p>
<p>Given these facts and after the great success of the show in 2017, it is not surprising that the German fairtrade Messe organizer announces the 3 rd edition of the show AfricaBuild Lagos to be held from March 6 to 8, 2018 at the Landmark Center Lagos.</p>
<p>The event will bring together building and interior professionals from Nigeria and showcase products from international manufacturers and suppliers worldwide. The range of exhibits is vast: architectural facades, bathroom and sanitary equipment, construction materials and equipment, air-conditioning equipment, construction machinery and equipment, flooring, doors and automation, hardware and tools, heating and water supply, paints and coatings, windows and profile systems.</p>
<p><strong>Conference Program</strong></p>
<p>AfricaBuild Lagos 2018 will be complemented by presentations and lectures. The opening session is scheduled for 6 March and will bring together leading figures from politics and trade.</p>
<p><strong>Strong institutional support</strong></p>
<p>AfricaBuild Lagos 2018 is supported by: The Delegation of the European Union to Nigeria and the States of ECOWAS; Advantage Austria; AHK Nigeria-Delegation of German Industry and Commerce in Nigeria; FOCI-Federation of the Construction Industry in Nigeria; ICEX-Spanish Embassy; NGBA-Nigeria-German Business Association; Republic of Turkey, Ministry of Economy.</p>
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