FRC hosts stakeholders’ engagement on public sector governance code
The Financial Reporting Council (FRC) of Nigeria will on Tuesday, March 4, 2025, organise a stakeholders’ engagement on the Nigeria Public Sector Governance Code (NPSGC). The event, which holds at the Ladi Kwali Hall, Abuja, aims to foster collaboration and dialogue among stakeholders to enhance governance practices in Nigeria’s public sector. The event will be […]
The Financial Reporting Council (FRC) of Nigeria will on Tuesday, March 4, 2025, organise a stakeholders’ engagement on the Nigeria Public Sector Governance Code (NPSGC).
The event, which holds at the Ladi Kwali Hall, Abuja, aims to foster collaboration and dialogue among stakeholders to enhance governance practices in Nigeria’s public sector.
The event will be hosted by the Executive Secretary/CEO, FRC, Dr. Rabiu Olowo and is free but participants are required to register via the Council’s website.
Some distinguished guests expected at the event are the Head of the Civil Service of the Federation; Auditor-General for the Federation; Accountant-General of the Federation; Director-General, Nigerian Governors’ Forum; Director-General, Bureau of Public Service Reforms; Director-General, Bureau of Public Procurement; Executive Secretary/CEO, Nigerian Shippers’ Council; Chairman/CEO, Nigerian Electrical Regulatory Agency; Director General, Nigerian Content Development and Management Board; Director General, Small and Medium Enterprises Development Agency of Nigeria; Managing Director, Ministry of Finance Incorporated, amongst others.
According to a statement from the FRC, effective public sector governance is crucial for Nigeria’s development as it promotes transparency, accountability and efficient service delivery.
The NPSGC is a key initiative designed to improve governance standards across the public sector, ensuring that government institutions are more responsive to the needs of citizens.
“The stakeholder engagement will provide a platform for stakeholders to discuss the Draft Code, share valuable insights, and contribute to shaping a governance framework that meets the needs and aspirations of the public sector.
“The Council has developed this draft Code through a Technical Working Group (TWG), chaired by Barr. Danladi I. Kifasi, former Head of Service of the Federation, and comprised of renowned corporate governance practitioners and subject matter experts from the public, private, and non-profit sectors,” the statement added.
The keynote speaker is Mr. M. K. Ahmad, a member, Technical Working Group (TWG) of the NPSGC and Chairman of the Technical Committee on the Nigerian Code of Corporate Governance 2018.
The NPSGC adopts a broad definition of corporate governance that embraces the rights and responsibilities of all parties with a stake in a public sector enterprise (PSE), including the environment in which the entity operates.
The Code emphasises the exercise of ethical and effective leadership by the governing body towards the achievement of ethical culture, good performance, effective control, and legitimacy.