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The Nigerian Communications Commission (NCC) has underscored the pivotal role of corporate governance in driving the success and sustainability of the telecom industry. Dr. Aminu Maida, the Executive Vice Chairman of the NCC, emphasized that corporate governance is not merely a regulatory obligation but a foundational element for the sector’s growth and resilience.
Telecom Industry’s Economic Impact
Dr. Maida lauded the impressive growth of Nigeria’s telecommunications sector, highlighting its substantial contributions to the nation’s Gross Domestic Product (GDP). As the industry expands, it faces increasing regulatory, environmental, and societal challenges, making robust governance frameworks essential for navigating these complexities.
Embedding Governance for Long-Term Success
To remain competitive and sustainable, Dr. Maida advocated for governance practices that foster innovation, build trust, and create long-term value. He emphasized that corporate governance should transcend being a regulatory formality and instead evolve into a deeply ingrained culture across all organizational levels.
“Good corporate governance must not be seen as a mere checklist but as a core ethos driving every aspect of a company’s operations,” he remarked.
Building a Sustainable Future
As the telecom sector continues to shape Nigeria’s economic landscape, the NCC’s call for improved corporate governance underscores the importance of ethical and transparent practices. By embracing these principles, telecom companies can enhance their operational efficiency, strengthen stakeholder confidence, and position themselves for sustained success in an increasingly dynamic environment.
The emphasis on governance frameworks that balance innovation with accountability reflects the NCC’s commitment to fostering a resilient telecom industry capable of meeting the nation’s evolving demands.
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