Quality Corporate Governance Key to Nigeria's Economic Reforms

Dr. Rabiu Olowo, Executive Chairman of the Financial Reporting Council of Nigeria, emphasized that the success of ongoing economic reforms in Nigeria largely depends on the quality of corporate governance.

This statement was made during a press conference announcing the 3rd National Corporate Governance Summit, set for July 21-22, 2026, at the Oriental Hotel in Victoria Island, Lagos. The summit, which will be attended by Vice President Kashim Shettima as the guest of honor, aims to implement good governance to accelerate economic growth and consolidate public-private sector partnerships.

Olowo noted that effective governance is crucial for attracting investment and ensuring transparency. The summit will also explore governance frameworks to enhance state-owned enterprises and promote financial inclusion.

Uto Ukpanah, representing the Institute of Chartered Secretaries and Administrators of Nigeria, stressed the urgent need for collective action to drive economic reforms and infrastructure development.