IoD tasks corporate leaders on innovative ideas to revive ailing economy
For an improved economy in year 2021, the Institute of Directors (IoD) Nigeria, has called on corporate leaders to reflect on opportunities and challenges in the year, and suggest better business and economic ideas that would uplift the country.
President and Chairman of Governing Council, IoD, Chris Okunowo, said this during the institute’s yearly directors’ dinner and awards in Lagos, held recently.
Reflecting on activities in the year, he said Nigeria had battled with socio-political and socio-economic problems of exchange rate instability, poor infrastructure, insecurity and worsening social systems among other challenges.
Noting that the institute would continue to deepen engagement with government, embrace diplomacy and partnership, Okunowo added that it would also engage with the organised private sector to provide direction that would lead to the achievement of more public-private sectors’ engagement on policy directions.
In her presentation, the Guest Speaker and Principal Partner, AD Consulting, Olajumoke Adenowo, who sued for transformational leadership across board, charged corporate leaders to prioritise workers’ welfare for organisational growth.
According to her: “True leadership is manifested in times of crisis. Those leaders who put the interest and welfare of the followers first and foremost, are the true leaders to reckon with”.
During the awards ceremony, Ogun State Governor, Adedapo Abiodun, who was conferred with an award of Fellow, urged IoD to train public servants in his state on corporate governance principles and practices for maximum and efficient service delivery.
He said with IoD and other professional institutes, Nigeria would soon get rid of maladministration and mismanagement of resources caused by dearth of professionalism among corporate leaders.
Lagos State Governor, Babajide Sanwo-Olu, also commended the IoD demonstrating resilience and dedication to ensure sound corporate leadership are practised across board through its members in both public and private sector.
He urged Lagosians to show the right attitude towards government in the new year even as he vowed to rebuild Lagos State and rehabilitate all persons and corporates affected by #EnDSARS protest.
Other recipients of the awards were Chairman, BUA Group, Abdul Samad Rabiu, as Fellow of the Institute and United Bank for Africa (UBA), which received award for corporate governance, among many others.