The Nigerian Communications Commission (NCC) on Wednesday officially launched its new guidelines on corporate governance for the telecommunications sector, marking a major step toward ensuring long-term sustainability, transparency, and resilience in the industry.
Speaking at the event, NCC’s Executive Vice Chairman, Dr. Aminu Maida, described the guidelines as essential for Nigeria’s national development and the future of its rapidly expanding telecom landscape.
“Today’s launch is not just about compliance,” Maida stated. “It is about sustainability of networks and businesses, of investments and innovation, of customer trust and national development.”
He noted that robust corporate governance is critical for telecom operators to make sound capital decisions, manage risks, attract financing, ensure data protection, and deliver reliable services — especially in an era of increasing cyber threats, energy constraints, and heightened stakeholder expectations.
Tracing the evolution of governance in the sector, Maida recalled the introduction of a voluntary code in 2014, which transitioned to a mandatory framework in 2016, culminating in the Nigerian Corporate Governance Code of 2018.
The newly launched guidelines build on these foundations and reflect the NCC’s commitment to raising industry standards and aligning with global best practices to support innovation and investor confidence.
