Ngozi Okonjo-Iweala, former
Finance Minister has revealed the “dirty secret” behind the funding of political
campaigns in Nigeria.
Okonjo-Iweala said some
government’s funds are diverted by politicians during campaigns.
The former Managing Director of
World Bank stated this while speaking about her recent book, “Fighting
Corruption is Dangerous” at the London School of Economics and Political
Science.
She noted that it was not enough
to fight the symptoms of corruption, while the root causes fester on.
According to Okonjo-Iweala,
“People are happy to see the symptoms being taken care of, punitive measure,
you know it makes big headlines when people are hauled off to jail and the
media blasts the story, which is good, there ought to be consequences and
punitive actions but it’s not enough.
“If you don’t fix some of the
root causes, the next set of people will come in, and with those opportunities,
they might do the same thing.
“The type of democracy we’ve
adopted is costly, you have to campaign, you have to have money to campaign and
it is a dirty little secret nobody talks about, how do you finance this campaigns?
“Part of the monies for the
treasury are diverted to finance political campaigns. Is this right? The answer
is no.”
The former Minister of Finance,
had revealed why she refused to resign from the past administration of
ex-President Goodluck Jonathan.
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