The President, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Dr Nat Ofo has advised President Muhammadu Buhari to run an open government, adding that it is the approach that will strengthen economic growth and save the country from distress.
Speaking to reporters after his investiture in Lagos, he said there was need to create a better way of looking at governance that gives Nigerians, investors, employees and the wider public greater confidence in the transparency and accountability of the economy .
Ofo said any attempt to restore public faith in business must start with good corporate governance.
He said one of the focus areas of his regime as ICSAN president will be to work with the government to ensure better corporate governance, effective checks and controls across the economy.
He noted that corporate governance is an increasingly important issue as the government has started to refocus efforts from survival to renewed growth.
As an institute, he said ICSAN prides itself as the custodian of corporate governance, adding that it is evident in the level of the involvement of its members in the development of codes of corporate governance in the country.
He said: “As is well known, succession planning is a critical element in management and corporate governance. It is therefore commendable that we are witnessing a smooth and seamless transition of power from one president to another.”
He commended the immediate past president, Dr Suleyman Ndanusa for smooth transition and for laying the foundation on which the institute will move and make progress.
He said his administration intends to collaborate with other professional bodies, regulators organisations and other professionals to spread the corporate governance message as well as pursue linkage with higher institutions in a bid to build and improve on capacities.
Ndanusa commended President Buhari for taking steps that will restore integrity to the economic system with rigorous emphasis on values and stewardship.
Looking broadly at the system, he said changes are needed to ensure the economy recovers.
Ndanusa said the government is taking steps get economy back on the growth path.
He argued that the growth will lead to trust in business and government.
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