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CIoD calls for strong corporate governance to fuel economic diversification

The Chartered Institute of Directors (CIoD) emphasised the pivotal role of good corporate governance in unlocking the potential of sectors like agriculture, solid minerals, and the blue economy to diversify Nigeria’s economic landscape.

During a press briefing in Lagos, Alhaji Tijjani Borodo, President of CIoD, highlighted the upcoming 2023 Annual Directors’ Conference (ADC) at Transcorp Hotel, Abuja, slated for Nov. 16 to 17. The conference, themed “Driving Nigeria’s Economic Transformation and Diversification: The Role of Corporate Governance,” anticipates hosting over 500 directors.

Borodo underscored the institute’s commitment to entrenching global best practices in corporate governance within Nigerian companies and institutions. He stated, “The economy’s current trajectory urges our institute to support the transformation agenda. Our ADC stands as a pivotal platform uniting stakeholders to deliberate on leadership, ethics, and the economy.”

He expressed optimism that the conference discussions would foster a deeper commitment to corporate governance best practices, echoing across sectors to drive Nigeria’s economic diversification.


Mrs. Fatumata Coker, Chair of the National Organising Committee for the 2023 ADC, emphasised corporate governance’s indispensable role in Nigeria’s economic transformation. She highlighted the conference’s goal to fortify governance across sectors, charting a new governance trajectory for 2024’s economic growth.

The event, featuring industry leaders and government officials, will address sub-themes such as governance reforms in the energy sector, digital transformation, talent optimisation, and the role of agriculture, solid minerals, and the blue economy in national economic transformation.

Moreover, the ADC’s “Business Meet Government Dinner” will host key dignitaries, with Mr. Nyesom Wike, Minister of the Federal Capital Territory, and Hon. Tajudeen Abbas, Speaker of the Federal House of Representatives, among the distinguished guests.

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