CBN's Ikeazor Advocates for Stronger Corporate Governance

Philip Ikeazor, the Deputy Governor of the Central Bank of Nigeria (CBN) for Economic Policy, called for a transformative approach to corporate governance at the 2026 Fellows’ Night and Investiture of the Chartered Institute of Directors Nigeria (CIoD) held in Lagos. Represented by Musa Jimoh, Director of the Payment System Policy Department, Ikeazor stressed that governance should extend beyond mere regulatory compliance to fostering institutions capable of enduring economic and social challenges.

He highlighted the importance of effective governance, stating that it should reflect accountability, transparency, and resilience. Ikeazor underscored the significant role directors play in ensuring their institutions are built for longevity rather than short-term results.

He encouraged the newly inducted fellows to embrace their responsibilities in promoting ethical leadership and sound judgment. Additionally, he acknowledged the CIoD's role in equipping directors with the necessary training to navigate the complexities of the current economic landscape, urging ongoing engagement with the Institute to enhance corporate governance.