NCC boss, Maida mulls strong governance practices, others to transform Telecommunications sector
The Nigerian Communications Commission (NCC), has highlighted that strong Corporate Governance is very significant in the transformation of Nigeria’s Telecommunications sector.
The Executive Vice Chairman, Nigerian Communications Commission (NCC), Dr. Aminu Maida, at the weekend dropped the hint as he delivered his presentation titled “Corporate Survival and Sustainability—The New Face of Governance in the Nigerian Telecoms Sector” at the industry stakeholders at the 2024 Annual Corporate Governance Conference, held in Lagos.
Dr. Maida informed the industry stakeholders at the 2024 Annual Corporate Governance Conference in Lagos, that strong governance practices have been the backbone of the sector’s rapid growth and success, driving transparency, efficiency, and innovation.
According to the EVC, adopting robust governance frameworks has helped build investor confidence, attract significant investments, strengthen the sector’s infrastructure, adding that these practices have not only enhanced customer experience but also positioned Nigeria’s telecom industry as a key player in the digital economy.
The progress seen today, he said, is a direct result of the sector’s commitment to ethical standards, accountability, and strategic planning.
He pointed out that the impressive growth of Nigeria’s telecommunications sector is driving broader economic benefits across the nation, noting that the sector’s expansion is reshaping the industry and boosting the overall economy, creating jobs, and enhancing connectivity.
He stressed that this success, stems from the Nigerian Communications Commission’s (NCC) steadfast commitment to enforcing high standards of corporate governance.
He also acknowledged that the NCC’s dedication to transparency, accountability, and ethical practices has been the foundation for sustained investment, innovation, and infrastructure development within the telecommunications sector.
He stated further that by prioritizing governance, the industry has not only secured its growth but has also contributed significantly to Nigeria’s economic resilience and digital future.
The EVC NCC, highlighted on the telecom industry’s transformative journey and its vital role in boosting Nigeria’s Gross Domestic Product (GDP), adding that effective governance is no longer just about compliance but is now essential for the survival, sustainability, and continued growth of the sector.
Speaking on the industry’s evolution, Dr. Maida noted that strong governance frameworks have been key to driving innovation, investment, and infrastructure development, which is also enabling the telecom sector to thrive amid a rapidly changing digital landscape.
The sector’s commitment to transparency, accountability, and strategic oversight, according to the EVC has not only fostered growth but also positioned it as a cornerstone of Nigeria’s economic development, ensuring that the benefits of connectivity reach across the nation.
In his words: “To thrive, we need governance frameworks that not only ensure compliance but also promote innovation, trust, and long-term value.
“At the Nigerian Communications Commission, we see good corporate governance as more than a checklist; it must be a culture ingrained at every level of an organization.
“In today’s fast-evolving world, corporate governance isn’t just a regulatory requirement—it’s the foundation of the telecom industry’s success and sustainability.
“As leaders, it’s our responsibility to ensure our governance frameworks are robust, adaptable, and in tune with the changing global landscape.”
The conference assembled industry leaders to brainstorm on the critical role of governance in building a strong and resilient telecommunications sector in Nigeria.
The conference also served as a dynamic platform for discussions on how effective governance practices can drive innovation, enhance stability, and ensure long-term growth.
The participants used the occasion to explore strategies to strengthen transparency, accountability, and strategic oversight, recognizing that these principles are essential for sustaining the sector’s rapid expansion and positioning it as a vital force in Nigeria’s digital economy.