Nigeria Loses $2billion Per Year – OPEC

The Organization of Petroleum Exporting Countries, OPEC, has pointed out that Nigeria may be losing about $2 billion per year due to biometric duplication collection by government agencies.

According to an official of the Information Technology unit of the OPEC Fund for International Development (OFID), Jacob Edo, funds used in the management of infrastructure for the biometrics including the money paid to consultants may have accrued to the lump sum.

He said about 23 agencies of government that are not inter-connected are currently collecting biometrics, which results in the duplication and multiplication of government effort and policy collision.

He condemned the way digital services are rendered in Nigeria. According to him, most of the agencies are doing it for themselves and none of them are interconnected. He stressed the need for a synergy among the agencies such that data collected would be the same in all the agencies.

Noting the recent statistics that showed the country may need $15 million to keep the government moving, he said if the country does not start cutting cost and doing the right thing, government may have to be borrowing to pay salaries, which is not sustainable.

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