The Financial Reporting Council of Nigeria has reiterated its commitment to strengthening transparency and accountability in the public sector through the newly drafted Nigeria Public Sector Governance Code. Speaking at a stakeholder engagement and consultation forum held on Tuesday in Abuja, FRC Executive Secretary/CEO, Rabiu Olowo, emphasised that the Code is designed to address governance Read More
The Nigerian government, through the Financial Reporting Council (FRC), has unveiled a new governance code to enhance transparency and combat corruption in the public sector. The code aims to address governance failures, inefficiencies, and corruption, particularly highlighted by Nigeria's low ranking on Transparency International's Corruption Perceptions Index. It covers areas such as board composition, financial management, and ethical conduct, aligning with global best practices. The initiative, part of President Bola Tinubu's Renewed Hope Agenda, seeks to foster accountability and attract foreign investment by improving the country's credibility. The code is designed to be adaptable to various public sector entities, emphasizing flexibility and stakeholder engagement.
