The Chartered Institute of Directors of Nigeria has said that as Nigeria navigates the complex challenges of the 21st century, the effectiveness of the nation’s public sector governance is paramount.
In a recent statement, the President and Chairman of the Governing Council of CloD, Tijjani Borodo, stated that at the 2024 Fellows’ Investiture held in Lagos.
According to Borodo, a well-governed public sector is the cornerstone of sustainable economic growth, social development, and overall national prosperity.
“As our nation navigates the complex challenges of the 21st century, the effectiveness of our public sector governance is paramount. A well-governed public sector is the cornerstone of sustainable economic growth, social development, and overall national prosperity,” he said.
He added that the introduction of the public sector governance code was long overdue, stressing that the institute was committed to the development.
He added that the introduction of the code would guide and support global best practices in the country’s public sector.
Borodo urged the members to embrace the moment as an opportunity to reaffirm their commitment to excellence, integrity, and good governance.
“Together, let us work tirelessly to advance the mission and vision of the CIoD Nigeria. Today’s ceremony is not only a celebration of individual achievement but also a testament to the collective pursuit of excellence in our profession,” Borodo stated.
He emphasised the need for members to continue to uphold the highest standards of professionalism, integrity, and accountability.
“I am confident that your contributions will be invaluable in driving positive change and ensuring the success of our public and private sector,” he enthused.
Earlier, the guest speaker, who is also the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria, Dr Rabiu Olowo, stated that the public sector, by its very nature, is the engineroom of national development.
“It is where policies are formulated, decisions are made, and public resources are managed. For a country like Nigeria, which stands at the crossroads of development, the effectiveness of our public institutions is a critical factor in determining whether we shall rise to meet the aspirations of our people, remain stagnated or fall short of our collective potential,” he admonished.
According to Olowo, this underscores the significance of the public sector governance code, which emphasises the exercise of ethical and effective leadership by the highest level of authority (governing body), towards the achievement of ethical culture, good performance, effective control, and legitimacy.
