Business
NCC to introduce corporate officers to Strengthen governance in telecom sector
The Nigerian Communications Commission (NCC) is set to introduce a dedicated role of Corporate Officers within telecommunications companies to ensure full compliance with Nigeria’s Code of Corporate Governance.
This move, according to the NCC, will enhance the effectiveness of governance principles and solidify transparency across the telecoms industry.
Announcing the new initiative, the NCC emphasized that these Corporate Officers will play a pivotal role as liaisons between the commission and telecom operators.
This feedback mechanism aims to bolster adherence to corporate governance standards, ensuring that best practices are uniformly applied.
“The establishment of Corporate Officers is tailored specifically for the telecom industry and will create a participatory framework with our stakeholders for implementing Nigeria’s Code of Corporate Governance,” the NCC stated.
This step reflects the commission’s commitment to strengthening its transparency and responsibility reporting policy, fostering collaboration with licensees to build trust and accountability.
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The NCC outlined that transparency and responsibility reporting would encompass maintaining an accurate database of telecom subscribers, verifying data integrity among operators, and ensuring fair representation of market share and operations.
These measures are intended to uphold the standards that have supported the industry’s growth and stability over the years.
The commission further explained that embedding these principles will not only add value to stakeholders but will also contribute to the nation’s GDP and align the industry with global best practices.
“Transparency and responsibility are intertwined, serving as the backbone of the successes recorded within Nigeria’s telecommunications sector,” the NCC noted.
Reflecting on recent achievements, the NCC pointed to the positive impact of its regulatory measures, such as the NIN-SIM linkage, which helped recalibrate the country’s tele-density using a more accurate population estimate of 216 million.
“We are committed to using more transparent data to guide our industry strategies,” the commission added.
The NCC also highlighted the resolution of interconnectivity issues between major operators, such as Globacom and MTN, as an example of its ongoing engagement with stakeholders to address challenges and maintain industry harmony.
Through this initiative, the NCC aims to reinforce a governance structure that champions accountability and positions Nigeria’s telecom sector for sustained growth and alignment with international standards.