Nigeria – Code of Corporate Governance for Nigerian Telecommunications Industry

The Nigerian Communications Commission (NCC) recently in Lagos released the Code of Corporate Governance for the Nigerian Telecommunications Industry.

The code, which is available on the NCC’s website is according to the Commission’s Executive Vice Chairman, Dr Eugene Juwah, based on international best practices. Juwah said that the Code sought to foster good corporate governance practices in the Nigerian telecommunications industry. 

“The need to develop a sector specific Corporate Governance Code for the Nigerian Telecommunication Industry is necessary to address the peculiarities of the sector that are not typically dealt with under broadly-aimed codes. This is more so in view of the fact that the telecommunications sector, though, dominated by privately-held companies, is of strategic importance to the economy at a macro level”.

Culled from www.vanguardngr.com