The Minister of Industry, Trade and Investment, Niyi Adebayo, has inaugurated a Transition Working Group (TWG) for the development of the Nigerian Not-For-Profit Governance Code (NNFPGC), which he said would enhance a public accountability of interventions from donor and donor agencies as well as ensure the sustainability of not-for-profit entities.
The NNFPGC, the Minister said, would enhance the fulfillment of the overall mandate of not-for-profit entities so that they can achieve their intended outcomes for citizens and render better service to users as well as help them to operate in an effective, efficient, transparent, and ethical manner going forward.
Also inaugurated alongside is a TWG for the development of the Nigerian Public Sector Governance Code (NPSGC), which would among other things, help to rebuild public trust and investors confidence in the Nigerian economy.
Adebayo explained that the code is to help rebuild public trust and investor confidence in the Nigerian economy as well as set higher standards of good governance and ethical practices in the public sector.
He said, “As we promote and imbibe best practices in public governance, I am hopeful that very soon, given the influx of core professionals/practitioners and constant flow of talents from the corporate world to the political space and vis-versa, we will also be promoting and demonstrating higher standards of good governance practices in the political space over time.”
