NaijNaira
Telecom companies in Nigeria will now operate under a stricter governance structure, following the Nigerian Communications Commission’s introduction of new compliance rules — www.naijnaira.com reports.
As NAN confirmed, the 2025 Guidelines on Corporate Governance were unveiled in Lagos by Dr. Aminu Maida, who said the changes are designed to improve transparency and reduce operational risks across the industry.
Maida stated, “Corporate governance is now a strategic must, not an optional add-on, especially with the sector’s role in Nigeria’s digital economy.”
Operators will need to run boards that include independent, executive, and non-executive directors with real-world ICT and cybersecurity experience.
They are now expected to submit mid-year and year-end reports, certified at the board level, and maintain active internal audit units for ongoing oversight.
NCC also emphasized that governance isn’t just policy—it affects service quality, performance, and resilience in an evolving digital space.
Maida warned that licensees ignoring the new rules will face sanctions once grace periods close.
He assured that while the rollout will be in phases, enforcement will be full-scale.
Commenting on the update, Prof. Fabian Ajogwu called the revised framework “timely,” noting it aligns with current shifts like AI and ESG.
Titus Osawe of FRCN added that strong industry-specific governance is key to investor trust and long-term sector health.
