Stakeholders have demanded for stringent enforcement of rule of law in an effort to strengthen corporate governance in both the private and public sector.
Speaking at the press conference to herald the 2026 national corporate governance summit, themed: ‘Implementing good governance for economic acceleration: consolidating public/private sector partnership,’ Urum Eke, Chairman, IOD Centers for Corporate Governance described the summit as a voice to echo to implement corporate governance.
“The code of conduct for corporate governance operating in public institutions is not enough and that is why the reorientation is very important. We send signals to government institutions, to the private sector that they have consequences.
“As we turn to these corporate governance resolutions, let us hold institutions of government and private sector accountable to their own roles. What is important is to have a framework that will sanction bad conduct and bad behaviour,” he said.
He added that strong corporate governance would aid in reposing investors’ confidence, creating the opportunities to achieve the N1 trillion economy., reports Daily Trust.
The Co-Chairman of the National Organising Committee, Dr Rabiu Olowo FCIS said the year’s summit is crucial to the development of the country, saying the success of the reforms targeted at repositioning the country is determined by the quality of governance in public institutions.
“This year’s Summit arrives at a defining moment in Nigeria’s development journey. Across the world, countries are confronting profound economic, technological and geopolitical changes that demand stronger institutions, more responsive leadership and governance systems capable of delivering sustainable value.
“Nigeria is not insulated from these realities. While significant reforms are ongoing to reposition the economy, their success will largely depend on the quality of governance underpinning decisions at both our public/private sector organisations.
According to him, the summit has played a significant role in shaping constructive dialogue on governance, leadership and institutional excellence.
Uto Ukpanah, the President & Chairman of Council Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), said that economic transformation is rarely the product of government action alone or private sector initiative alone.
She added that it is the result of a deliberate partnership built on trust, accountability, shared objectives, and mutual responsibility.
“Across the world, nations that have achieved sustainable economic growth have done so on the foundation of strong institutions, sound governance systems, and effective collaboration between government and the private sector.
“For Nigeria, the challenge before us is not merely to formulate good governance principles. We already have significant governance frameworks, regulations, and codes. The challenge is implementation.
“The challenge is translating governance principles into measurable outcomes that improve investor confidence, strengthen institutions, attract capital, promote innovation, create jobs, and enhance the quality of life of our citizens,” she said.
