NCC EVC , Maida

The Nigerian Communications Commission (NCC) on Wednesday formally launched its new guidelines on corporate governancefor the telecommunications industry, a move the Executive Vice Chairman, Aminu Maida, described as crucial for the sector’s long-term sustainability and national development. The guidelines, which build on previous regulatory efforts, aim to enhance transparency, accountability, and resilience within the country’s rapidly expanding telecom landscape. During the launch, Maida emphasized that the initiative goes beyond mere compliance. “Today’s launch is not just about compliance. It is about sustainability of networks and businesses, of investments and innovation, of customer trust and national development,” he stated. He highlighted that robust corporate governance is essential for leaders to make sound capital allocation decisions, manage risks effectively, safeguard data, attract long-term financing, and deliver reliable services, particularly in an era marked by cyber threats, energy constraints, and rising stakeholder expectations. Tracing the evolution of corporate governance in the sector, Maida recalled the initial voluntary code introduced in 2014. This transitioned to a mandatory regime in 2016, leading to the Nigerian Corporate Governance Code 2018.