Follow Us on Google
…Say governance discipline condition for economic development
By Henry Uche
Corporate governance experts from the Chartered Institute of Directors Nigeria (CIoD) have offered to work closely with Nigeria’s policymakers to ensure that the voice of enterprises are heard in shaping national policy. This is even as they believed that discipline in governance, management and administration is a necessary condition for Nigeria’s economic growth and development.
During a discourse with government officials, captain of industries, policymakers, entrepreneurs, members of the diplomatic corps, the President & Chairman of the Governing Council of CIoD, Mr. Otunba Adetunji Oyebanji, stressed that as Nigeria grapples with rising debt burdens, currency pressures, capital flow volatility, among others challenges, it would end well if the leaders would rethink governance, leadership strategies, resilience, innovation and inclusivity.
“There are bright spots: ongoing investments in infrastructure, renewed confidence in the financial markets, and encouraging signals from technology, agriculture, and renewable energy sectors show that our nation’s economy remains full of potential, if supported by the right policy alignment and governance discipline.
“Our goal is to exchange ideas and strengthen partnerships that will enable enterprises to thrive and governance to deliver. The government and business is essential to building the inclusive and sustainable economy we all envision”
Oyebanji maintained that through corporate governance advocacy, director development, and policy engagement, the Institute would continue to promote ethical, transparent and accountable leadership. “We stand ready to work closely with policymakers in ensuring that the voice of enterprise is heard in shaping national policy.
Other News
“Leading through change requires courage, foresight, and shared responsibility. It challenges directors and policymakers alike to balance profit with purpose, growth with inclusion, and reform with stability”
The President explained that as corporate organizations compete in the dynamic world, the future of Nigeria would depend on how effectively leaders manage transitions from consumption to production, and from dependence to competitiveness.
“Building enduring enterprises requires a shared covenant between leaders in business and public service. Our mission is clear: to create an environment where governance inspires trust, and enterprise delivers prosperity. That is the work of a resilient Nigeria” he maintained.
On his part, the Chairman, National Organising committee of CIoD 2025 Annual Directors’ Conference, Mr. Otunba Bimbo Ashiru, admonished that, it was not enough to discuss innovation, sustainability, governance, and leadership, it is necessary for everyone to focus on collective action required to drive meaningful change Nigerians can see and feel.
“We need to reinforce the importance of collaboration and chart a course forward that benefits all Nigerians. With public sector favorable policies and regulatory frameworks, and the private sector’s innovation and execution, we can create lasting value”
Ashiru added that with trailblazers across different sectors of the economy, everyone should strive to build bridges, partner with one another for the growth and development of Nigeria.
“Our nation’s economic potential is vast, but unlocking it requires a united effort. I am confident that through collaboration, mutual respect, and shared vision, we will overcome the challenges ahead and unlock a brighter future for Nigeria” he assured.
