The Nigerian Communications Commission (NCC) has unveiled the Guidelines on Corporate Governance for the Nigerian Telecommunications Industry, a landmark framework designed to strengthen transparency, accountability, and ethical practices across the country’s fast-growing communications sector.
Speaking at the launch event, Dr. Aminu Maida, the executive vice chairman/CEO of the Commission, said the guidelines reflect NCC’s commitment to fostering a sustainable, competitive, and investor-friendly telecoms ecosystem in line with global best practices.
“These guidelines are a critical step toward ensuring that our industry operates with the highest standards of corporate governance,” Maida stated. “They will help operators maintain sound management structures, uphold stakeholder trust, and align with the President’s Renewed Hope Agenda for Nigeria’s digital economy.”
The new framework outlines principles and minimum standards for board composition, risk management, compliance, disclosure, and stakeholder engagement for licensed operators. It also mandates periodic reporting and compliance audits to ensure adherence.
Industry leaders, investors, and stakeholders present at the launch described the move as timely, noting that it will improve operational efficiency, boost investor confidence, and enhance consumer protection in a sector that contributes over 13% to Nigeria’s GDP.
The NCC affirmed that it will provide ongoing guidance, capacity building, and monitoring to ensure full implementation, stressing that strong corporate governance is central to driving innovation, expanding connectivity, and safeguarding the resilience of Nigeria’s telecommunications infrastructure.
