402 - ACGC - The Cost of Maritime Corruption: A Nigerian Case Study

Description Corruption in the shipping industry is a persistent challenge for fair trade across the world, estimated by our guests to cost the international economy billions of dollars each year. The Maritime Anti-Corruption Network (MACN) is a global business network of over 200 companies that, since 2011, has become a pre-eminent example of collective action to battle corruption. On this week's Democracy that Delivers podcast, CIPE Program Director for Anti-Corruption and Compliance Ekaterina Lysova sits with MACN Associate Director for Collective Action and Partnerships Martin Benderson and owner of QBIS Consulting Thomas Westergaard-Kabelmann. The guests discuss their new, groundbreaking study of the cost of maritime corruption to the shipping industry and society using the example of Nigeria. Martin and Thomas utilize unique data and an innovative methodology to assess both the direct and indirect or hidden costs of corruption in Nigeria's ports and maritime sector over the period of 2019-2023.  Their resulting assessment serves as a powerful case study for the wide-reaching implications of maritime corruption on low- and middle-income countries. Listen to these experts discuss how they performed their research, what trends the study reveals, and how their approach can be utilized by other researchers and anti-corruption practitioners seeking to understand the true costs of corruption in various industries and economic sectors. STUDY LINK