Corporate governance, pillar of economic development – Oduwole

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has called on businesses and organisations to entrench strong corporate governance which he described as one of the pillars of economic growth and development. She spoke in Lagos at the investiture ceremony of Otunba Adetunji Oyebanji, the 19th President and Chairman of Governing Council of […]

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has called on businesses and organisations to entrench strong corporate governance which he described as one of the pillars of economic growth and development.

She spoke in Lagos at the investiture ceremony of Otunba Adetunji Oyebanji, the 19th President and Chairman of Governing Council of the Chartered Institute of Directors – Nigeria (CIoD).

According to Oduwole, Corporate governance is one of the pillars of the economy.

She said, “When businesses are well governed, vision of the leadership, the structure, the accountability and the transparency is very important for every institution. I look forward to that strong collaboration and structure from the new leadership of CIoD to deliver on agenda.”

In his acceptance speech, Oyebanji unveiled a three-point agenda anchored on Implementation, Collaboration, and Engagement.

He said, “We shall focus on implementation of our long term vision, meticulous plans, and ambitious goal. My tenure will be defined by a relentless focus on execution, and ensuring that every initiative, every project, and every policy has a clear roadmap and a designated team.

“We will consolidate the full implementation of the CloD Establishment Act, embedding its provisions into the very fabric of our governance and operations. We will ensure full compliance and implementation of the 5-year Strategic Plan approved by the Governing Council earlier this year.

“We will commence the long-anticipated CloD House project, by taking concrete steps towards its realization as a symbol of permanence, pride, and institutional identity. Also we shall roll out the Chartered Directors’ Certification Programme by the first quarter of 2026.

“For many years, our Institute has distinguished itself by crafting visionary strategies, developing meticulous plans, and setting ambitious goals. Yet, as with every great design, a blueprint is only the beginning- it points us toward what is possible. The true measure of our leadership now lies in our collective ability to transform these aspirations into concrete, lasting achievements that will define our legacy. My tenure will be defined by a relentless focus on Execution,” he added.