- FG to implement open contracting data standard
- Buying Properties to Come Under More Transparency
By Tobi Soniyi
President Muhammadu Buhari on Thursday in London said that in furtherance of his administration’s ongoing war against corruption, Nigeria would soon begin the full implementation of the principles of the Open Contracting Data Standard.
In Nigeria’s country statement to the Anti-Corruption Summit hosted by Prime Minister David Cameron of Britain, Buhari said that the Federal Government would apply the Open Contracting Data Standard to major projects in the oil, transportation, power, health, education and other sectors.
The Open Contracting Data Standard (OCDS) enables disclosure of data and documents at all stages of the contracting process by defining a common data model.
The publication of OCDS data ensures greater transparency in public contracting, and can support accessible and in-depth analysis of the efficiency, effectiveness, fairness, and integrity of public contracting systems.
A statement issued by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, quoted Buhari as saying that his administration was also taking steps to ensure greater transparency of the ownership and control of all companies involved in property purchase and public contracting.
“Nigeria is already collating this information through the Extractive Industry Initiative process and will extend it to other sectors.”
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