Ojifo-Raphael

Nigerian jet-fuel binge created history in the United States real-estate business news. The central personalities involved in this historic occurrence, Mrs. Diezani Alison-Madueke (former Nigerian Minister of Petroleum Resources who held the office between 2010 and 2015) and Kola Aluko, have been critically criticised for allegedly spending colossal sums of money which they got from graft in acquiring real-estates, exotic cars, jets, and yachts. It is being reported that the yacht which Beyoncé, at one time, rented for her birthday bash, was rented from Aluko. It is also alleged that he even recently auctioned one of his houses for the sum of $36M. Nevertheless, many of these properties have been seized on the orders of the Nigerian court. While this record of graft is sterling, there is a paradox that is hardly discussed. It is of immense benefit to local content in the Nigerian Oil economy. It is what we may call the unconcious advantage of graft. This is what happened: Diezani,

The reason Nigeria moved 24 paces forward (from 169th to 145th) in the World Bank’s 2017 Doing Business index, 6 months after the issuance of the Executive Order on the "Ease of Doing Business " is because policies were made and implemented, deliberately to pursued to produce results. The following are taken very seriously; 1. Transparency; 2. Default Approvals; 3. One Government operations; 4. Entry Experience of Traveller and Visitors; and 5. Ports Operations 1. Transparency: All relevant MDAs are now mandated to publish a comprehensive list of all fees, timelines, conditions and requirements for obtaining permits licences and approvals, and all these must be published in their websites. The heads of the MDAs must ensure that the list is verified and kept up-to-date at all times, and if there is a conflict between a published list and an unpublished list, the published list shall prevail. Information is power; and more transparency goes hand-in-hand with better-qualit