Building Resilient Future: The Imperative Of Corporate Governance In Nigeria’s Telecom Sector – Maida | The Legend News

In a compelling address at the 2024 Annual Corporate Governance Conference, Dr. Aminu Maida, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), emphasized the pivotal role of corporate governance in shaping the future of the telecom industry. He asserted that governance is not merely a regulatory obligation but a cornerstone for achieving success and sustainability within the sector.

During his presentation titled “Corporate Survival and Sustainability—The New Face of Governance in the Nigerian Telecoms Sector,” Dr. Maida highlighted the impressive growth trajectory of Nigeria’s telecom industry and its substantial impact on the nation’s Gross Domestic Product (GDP).

He remarked, “In our industry, governance transcends basic compliance; it is integral to our survival, sustainability, and ongoing growth. The challenges we face today—rising regulatory demands, environmental concerns, and societal expectations—make effective governance indispensable.”

Dr. Maida stressed that to flourish in this dynamic environment, telecom companies must adopt governance frameworks that not only ensure adherence to regulations but also foster innovation, build trust, and create long-term value. “At the NCC, we believe that good corporate governance is not just a checklist; it should be a culture that permeates every level of an organization,” he stated.

He concluded by urging industry leaders to recognize that in a rapidly changing world, corporate governance is essential for the telecom sector’s success and longevity. “It is our duty to cultivate governance frameworks that are resilient, flexible, and aligned with the evolving global landscape,” he affirmed.

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