ABUJA (SundiataPost) – The Federal Government has restated its commitment to good governance, stressing that it was the responsibility of all tiers of government in order to meet the needs of the masses.
Vice President Namadi Sambo stated this at the Institute of Directors (IoD) 2014 Directors Conference with the theme: “Imperatives of Good Governance in Promoting Investment Opportunities”, held on Tuesday in Abuja.
Sambo, who was represented by the Head of the Civil Service of the Federation, Danladi Kifasi, stated further that the private sector also has the responsibility to partner with the various government agencies in ensuring that this noble objective is achieved.
To this end he said, “I am glad to inform you that this administration considers as very important the task of providing the enabling environment for businesses to thrive in Nigeria. Our guiding principles in the effort to promote the concept of good governance have been accountability, transparency, rule of law, responsiveness, equitability and inclusiveness. I am delighted to tell you that the stability in the Nigerian market has resulted into various partnerships with foreign investors in various sectors of the economy”.
He said the reform that is ongoing using Financial Reporting Council (FRC) as a vehicle of compliance was one of the testimonies that the present administration was serious about the desire to transform all areas of the nation’s economic activities, adding that the essence of these reforms and compliance is to attract more investments into the Nigerian business environment”.
Earlier, the President and Chairman of Council, Institute of Directors Nigeria, Mrs. Eniola Fadayomi had said there was need to entrench good corporate governance and best practices in Nigeria particularly with focus on responsibility, integrity, accountability, transparency, self-regulation and effective internal control systems as one of the major destinations for
