{"id":30998,"date":"2022-06-21T09:43:15","date_gmt":"2022-06-21T09:43:15","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=30998"},"modified":"2022-06-21T09:43:15","modified_gmt":"2022-06-21T09:43:15","slug":"icpc-urges-improved-capacity-in-international-economic-negotiations","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/21\/icpc-urges-improved-capacity-in-international-economic-negotiations\/","title":{"rendered":"ICPC urges improved capacity in international economic negotiations"},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\">\n<p class=\"entry-title\">Chairman of <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/14\/icpc-inaugurates-anti-corruption-clubs-in-68-schools-in-osun\/\"><strong>Independent Corrupt Practices Commission,<\/strong><\/a> Prof Bolaji Owasanoye, on Monday in Abuja called for an improvement in Nigeria\u2019s capacity to protect its interests during economic negotiations with other countries.<\/p>\n<\/header>\n<div class=\"entry-content\">\n<p>Owasanoye made call at the opening of a two-day workshop on mitigating illicit financial flows.<\/p>\n<p>He said those representing Nigeria at international negotiation tables needed to hone their skills to get good deals for the country, especially in sectors and areas with positive multipliers.<\/p>\n<p>He said this would impact on the economy and the well-being of Nigerians.<\/p>\n<p>He stressed the need to focus on capacity building to improve negotiation skills especially in the trade and investment sector.<\/p>\n<p>\u201cNigeria requires trade and investment to grow the economy. To attain this objective, Nigeria must have the potential to harness capital and technology in a manner that is not inimical to development,\u2019\u2019 he said.<\/p>\n<p>He told participants that once agreement was reached on any issue, the agreement must be binding and must be respected no matter how inequitable it might be to any of the parties.<\/p>\n<p>According to him, the workshop is to build the capability of those who negotiate different kinds of contracts through which corruption takes hold.<\/p>\n<p>He added that there were examples where negotiators signed clauses that were not implementable and the country was penalised for breaching agreements.<\/p>\n<p>He noted that such agreements ended up in arbitration and disputes whereas those responsible had had their palms greased by the other parties.<\/p>\n<p>\u201cThe workshop is designed to help middle-level and senior officers who negotiate agreements in specific areas such as in oil and gas, trade, investment, environment and taxation.<\/p>\n<p>\u201cThis is to prepare them to know what to look for to protect national interests and also to help the country to avoid deleterious clauses that lead to capital flight,\u2019\u2019 Owasanoye said.<\/p>\n<p>He noted that international trade agreement structures erected years ago were skewed to the advantage of colonialists.<\/p>\n<p>The chairman stated that Nigeria must align with one of the ideals expressed recently by South Africa\u2019s former President Thabo Mbeki championing the need to build capacity to combat illicit financial flows.<\/p>\n<p>He acknowledged the support of Ford Foundation in organising the workshop.<\/p>\n<p>\u201cThe Foundation continues to demonstrate unquestionable commitment to the development of Nigeria through support for the civil society and selected government institutions,\u2019\u2019 he noted.<\/p>\n<p>In his remarks, Dr Adeyemi Dipeolu, said it was necessary for Nigeria to develop a crop of officials skilled in international negotiations in general as well as in key thematic sectors.<\/p>\n<p>Dipeolu is Chairman, Inter-Agency Committee on Stopping Illicit Financial Flows.<\/p>\n<p>He is also the Special Adviser to the President on Economic Matters in the Office of the Vice-President.<\/p>\n<p>\u201cThe consequences of poor negotiations can range from paying twice as much as your neighbour for the same item to costing your country a billion dollars in a mining concession,\u2019\u2019 he said.<\/p>\n<p>He stressed that the real intention of the workshop was to imbue the young negotiators with skills and the ability to negotiate agreements that would not put the country at a disadvantage.<\/p>\n<p>\u201cSome of the areas we observed that we need a lot of attention are double taxation agreements, investment promotion agreements, trade agreements, oil and gas and natural resources agreement.<\/p>\n<p>\u201cThe idea is to train a set of people who have skills and capabilities to get outcomes that favour our country in negotiation both at home and abroad,\u2019\u2019 he said.<\/p>\n<p>Participants at the workshop were drawn from middle level officers in public sector agencies who negotiate trade and economic agreements on behalf of Nigeria.<\/p>\n<p>The workshop has: \u201cCapacity Building for Nigeria\u2019s Negotiators for Improved Terms of Engagement with the Rest of the World\u2019\u2019 as its theme.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chairman of Independent Corrupt Practices Commission, Prof Bolaji Owasanoye, on Monday in Abuja called for an improvement in Nigeria\u2019s capacity to protect its interests during economic negotiations with other countries. Owasanoye made call at the opening of a two-day workshop on mitigating illicit financial flows. He said those representing Nigeria at international negotiation tables needed [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":31026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[7],"tags":[6019,712],"class_list":["post-30998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-independent-corrupt-practices-commission","tag-prof-bolaji-owasanoye"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ICPC urges improved capacity in international economic negotiations &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/21\/icpc-urges-improved-capacity-in-international-economic-negotiations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICPC urges improved capacity in international economic negotiations\" \/>\n<meta property=\"og:description\" content=\"Chairman of Independent Corrupt Practices Commission, Prof Bolaji Owasanoye, on Monday in Abuja called for an improvement in Nigeria\u2019s capacity to protect its interests during economic negotiations with other countries. Owasanoye made call at the opening of a two-day workshop on mitigating illicit financial flows. 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