NCC’s Maida highlights the role of corporate governance in transforming Nigeria’s telecom sector
The Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has emphasized the critical role of corporate governance in driving the growth and sustainability of Nigeria’s telecommunications industry. Speaking at the 2024 Annual Corporate Governance Conference in Lagos, Maida outlined how stringent governance standards have been instrumental in the sector’s remarkable transformation and its positive impact on the broader Nigerian economy.
Delivering a presentation titled “Corporate Survival and Sustainability: The New Face of Governance in the Nigerian Telecom Sector,” Maida attributed the industry’s success to the NCC’s commitment to enforcing robust corporate governance practices.
Reflecting on the sector’s evolution, he highlighted its substantial contribution to Nigeria’s Gross Domestic Product (GDP) and noted that governance has become a cornerstone for the industry’s survival, sustainability, and continued growth.
“To thrive, we need governance frameworks that ensure compliance and promote innovation, trust, and long-term value,” Maida stated. “At the Nigerian Communications Commission, we see good corporate governance as more than a checklist. It must be a culture ingrained at every level of an organization.”
Maida further noted that corporate governance is no longer just a regulatory requirement but a foundation for success and sustainability in today’s dynamic global landscape. He called on industry leaders to ensure their governance structures remain robust and adaptable to changing global conditions.
The conference, attended by key stakeholders in the telecommunications industry, served as a platform to discuss the importance of governance in building a resilient and innovative telecommunications landscape in Nigeria
