CO-ORDINATING Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday said her mission in government is to fight corruption by plugging wastages and ensuring more transparency and accountability in the management of public resources. Expressing disappointment over the delay in implementing the KPMG report, which was submitted last September, Agbakoba urged the House to demand its full implementation.
Pledging her commitment to co-operate with the House of Representatives Ad-Hoc Committee investigating the petrol subsidy issue, the minister declared: “We must get at the truth because the country needs every kobo we can find. I will not invent any answers to shield anybody.” Okonjo-Iweala also stated that subsidy was not an ideological issue and that the challenge is to ensure that subsidies are properly targeted to get to the people who need it most.
She added that her ministry was determined to re-introduce an oil and gas monitoring unit to watch over the sector and ensure strict compliance with extant laws and regulation as well as adhere to transparency principles. She recalled how a similar unit which she set up during her previous stint as Finance Minister got some international oil companies to pay the country $1.2 billion following a study of their contractual obligations.