Presidency

Tinubu: My govt investing in tech to fight fraud, corruption

President Bola Tinubu says his administration is investing in technology tailored towards ensuring transparency and accountability in government and accelerating public-sector performance.

Tinubu described technology as a potent weapon against corruption and financial impropriety in public service.

He said this during a meeting with Microsoft Founder and Philanthropist, Bill Gates, on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia, on Sunday, April 28, 2024.

Emphasising his commitment to deliver reliable technology that will support a national consumer credit system and many other critical new government interventions for all Nigerians, the president said resistance is often expected when efforts are made to strengthen systems and forestall malfeasance.

Tinubu said: “Technology is the enemy of fraud, corruption, and irregularity. We have been working hard on improving technology.

Tinubu to Samsung: Nigeria, best place for tech investment

“There is always the initial resistance. Corruption, self-interest, and fraudulent activity will always be an enemy, but when you bend that curve, you will receive the benefit. The nation will receive the benefit.”

Recounting how he deployed technology to enhance the revenue base of Lagos State as governor, President Tinubu said he ensured the collection and utilisation of essential data, creating an efficient tax system for the state.

“When I was governor of Lagos State, I faced challenges. I started with N600 million and ended up with over N8 billion. And right now, they are targeting a trillion naira with the use of technology in the state. There is no other shortcut. We must invest in technology. We must focus, be diligent, and work hard.”

On his part, Gates informed Tinubu of a one-identity technological platform that can integrate variegated data, while explaining the centrality of data harmonisation to planning, security, and tax efficiency.

“We are working with Mr Wale Edun, the Coordinating Minister of the Economy and Minister of Finance, on digitisation,” the former Chief Executive Officer of Microsoft said.

The Star

Segun Ojo

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