Concerned about the economic challenges in the country, the Chartered Institute of Directors (CIoD) Nigeria has advocated for good corporate governance to facilitate economic transformation and national development in its forthcoming conference.
    
According to the Institute, effective governance practices foster accountability, sustainability, and innovation both within individual organisations and the nation, with significant ramifications for economic growth and social progress.
    
Speaking ahead of its conference with the theme: ‘Good Governance as a Catalyst for Economic Recovery, Growth and Development,’ President and Chairman of the Governing Council of the Institute, Tijjani Borodo, noted that good governance facilitates the identification of opportunities, supports talent retention, and ensures that vital sectors such as agriculture, energy, technology, and green economy can effectively continue to diversify the economy.    He said: “By championing good governance, we unlock the potential for sustainable development in Africa.
   
 “In the face of ongoing economic challenges, it is essential that we recognise how sound governance practices fasten accountability, sustainability, and innovation within our organisation, in particular, and our nation in general.”
    
He stressed that as a leader in advocating sound corporate governance in Nigeria, CIoD Nigeria remains steadfast in its mission to promote corporate best practices in governance and economic development.
    
He noted that the collaboration was fundamental to the institute’s mission and enabled members to create a robust ecosystem of ethical leadership and sound corporate governance.
 
Chairman, National organising committee for the conference, Fatumata Coker, noted that the conference would serve as an exceptional platform form for directors, industry leaders, young professionals and entrepreneurs to engage in knowledge sharing, mentorship and professional networking, enhancing discussions on governance, innovation and national development. 
  
A representative of First Bank plc, Toluwaluke Salu, lauded the institute for its commitment to promoting excellence and supporting good governance practices in Nigeria.
 
“CIoD’s commitment to professionalism, advocacy, continuous knowledge sharing, and competence-building is why we have partnered with this institution to make significant contributions to the Nigerian business landscape,” she stated. The conference, which is scheduled to be held on October 30 and 31, 2024, is expected to be opened by President Bola Ahmed Tinubu, among other dignitaries.