“To Attract Investment, Nigeria Must Institualized Good Governance Culture” –IOD National President
Alhaji Ahmed Rufai
National President of The Institute of Directors (IOD) Nigeria, Alhaji Ahmed Rufai has said good corporate governance in public and private sectors is key to the development of the country’s economy and attraction of foreign investors.
He said this at his opening remark at the Institute’s 2018 annual conference in Abuja on Thursday.
Prof. Bola Akintorinwu
A paper presentation by Prof. Bola Akintorinwu focused on- “Global Best Practices in Corporate Governance-Way Forward for Nigeria”. He said with the wasteful governance of the government that it would be difficult for the nation to escape from poverty crunch.
“Our world rating on way of doing businesses is not improving rather moving back. There are lots of wasteful governance going on in our administration, and if nothing is done urgently, we have no chance of escaping from roaming poverty in the land,” he said.
He went further to profer solutions, he says, “Being a head is different from being ahead. You, as leader has to be ahead as a head. There is a need to cultivates new Nigerian societal discipline by first first understanding global practices as it relates to our environment and culture.”
Speaking about Nigeria foreign aids and debt, he advised that a brake should be pulled about seeking and accepting those easy monies to enable Nigeria grow on itself.
“Nigeria will see clear if it sees no aid coming to him. They should keep their aids, let’s us try,”
Also represented at the event are Lagos state governor, Akinwumi Ambode and Ondo state governor, Rotimi Akeredolu both members and duly represented by Mrs. Olayinka Oladunjoye and Mrs. Olubunmi Ademosu respectively and commissioners from each state.
The good will messages from these two member governors were communicated at the event.
” I am very impressed by state of professionalism the institution conduct it’s affairs of setting high ethics standard from the center. Your efforts in making sure Nigerians adhere to world practices in their way of doing businesses is well recognised and appreciated,” Ambode said.
“You are building not leaders of today’s but of tomorrow and your doing a good work of it. It is remarkable, the way your teaching young Nigeria entrepreneurs how to be of good governance and good citizens is so patriotic. I believe in your philosophy that “Build good leaders, build good nation,” Akeredolu said.
Pamela Ogwata Reporting.