The Federal Government has said that its commitment to the provision of good governance to the people of Nigeria is unwavering, adding that it was the responsibility of all tiers of government in order to meet the needs of the masses.
The was made known on Tuesday by the Vice President, Arc Namadi Sambo at the Institute of Directors (IoD) 2014 Directors Conference with the theme: “Imperatives of Good Governance in Promoting Investment Opportunities”, held 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.
“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 stated.
The Vice President said that 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 foreign direct investment
