“Our transparency policy says we must disclose anyone we do business with, we are working with the Trade Commission on this. We are required to have transparency in commodity trading, this means that the crude oil and gas we sell must be fully disclosed.
Although the collapse in oil prices due to the pandemic gave Nigeria an opportunity to cut subsidies, the protests forced the government to reconsider its decision, he said. “We have fully implemented open contracts and adopted the contract data standard. MDAs are expected to upload their procurement plans and procurement records to the portal.”
The Auditor-General, represented by the Audit Director, Gandu Magaji, confirmed that the staff had been made aware of the NACS, the forensic audit, and that an ACTU unit is operational. “How many people have been trained? How many meetings have been held? We need data to measure the impact. We have seen that the funding and the structure have not really worked well. This is something we should think about when reviewing NACS for the second time.”
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