President Tinubu, and others push for leadership, corporate governance

President Bola Tinubu and other stakeholders of the economy have stressed the importance of embracing sound corporate governance practices of transparency, accountability and effective leadership.

Tinubu said this was critical as the nation positioned itself to building a stable, productive and resilient economy.

Represented by the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, said this at the 2024 Annual Directors Conference in Lagos. Tinubu said good governance was not merely a concept but an essential component to achieving the country’s desired development.

The conference organised by the Chartered Institute of Directors (CIoD) had as its theme: “Good Governance as a Catalyst for Economic Recovery, Growth, and Development.”

He said economic recovery, growth and development deeply resonated with his administration’s vision for the country.

The President said he was committed to advancing robust corporate governance practices across all sectors of the economy.

“Now is the time for innovative thinking and proactive governance to revive our nation’s aspirations to reincorporate our economy for the benefit of all citizens.

“This government is leading in this area, undertaking bold reforms vital to shaping a Nigeria reflective of our productive future.

“We have enhanced governance frameworks by implementing systems to benchmark, monitor and evaluate our ministerial performance, ensuring that quality is best and trusted to our nation’s future,” he said.

Tinubu urged directors, as guardians of leadership, of vision, of corporate integrity and strategies, to complement government’s support across all sectors of the Nigerian economy.

He said the country must align its endeavours with global governance, technology and human development trends in its quest for economic recovery.

He said his administration remained steadfast in nurturing an environment that provides equal opportunity, ensures economic stability, improves business efficiency, and enhances infrastructure that underpinned industrial growth.

He said his administration remained steadfast in nurturing an environment that provides equal opportunity, ensures economic stability, improves business efficiency, and enhances infrastructure that underpinned industrial growth.

“We have seen the devastating consequences of poor governance, where corruption and inefficiency stifle growth and erode trust in institutions.

“But history has also shown us that with strong governmental institutions, effective leadership, and an unwavering commitment to transparency, we can build a strong and thriving economy,” he said.

The governor said the state was deeply committed to embedding the values of good corporate governance in every facet of his administration.

“We have seen the devastating consequences of poor governance, where corruption and inefficiency stifle growth and erode trust in institutions.

“But history has also shown us that with strong governmental institutions, effective leadership, and an unwavering commitment to transparency, we can build a strong and thriving economy,” he said.

The governor said the state was deeply committed to embedding the values of good corporate governance in every facet of his administration.

He added that the state had launched reforms to strengthen institutions, promote transparency, and ensure accountability across sectors.

Sanwo-Olu, however, stressed that government alone could not achieve sustainable progress in advancing good governance, hence the need for collaboration with the private sector.

“By adhering to ethical business practices, investing in sustainable initiatives, and insisting on transparency in governmental dealings, we can create an environment that fosters transparency and economic stability.

Sanwo-Olu, however, stressed that government alone could not achieve sustainable progress in advancing good governance, hence the need for collaboration with the private sector.