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Code of Corporate Governance, to develop ease of doing business in Nigeria

He indicated out that differ from boosting the ease of doing business, the country’s code of corporate governance would stimulate employment.


Devdiscourse News Desk 14 Jul 2018, 10:19 AM Nigeria
Code of Corporate Governance, to develop ease of doing business in Nigeria
  • The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture has stated that the Nigerian Code of Corporate Governance will develop the ease of doing business in the country. (Image Credit: Pixabay)

The Port Harcourt Chamber of Commerce, Industry, Mines, and Agriculture has stated that the Nigerian Code of Corporate Governance will develop the ease of doing business in the country.

PHCCIMA President, Dr Emi Mebere-Otaji, elucidated that the survival ratings of businesses in Nigeria would be more when companies and entrepreneurs PHCCIMA President, Dr Emi Mebere-Otaji, explained that the survival rate of businesses in Nigeria would be higher when companies and entrepreneurs embraced good corporate governance.

Mebere-Otaji, who spoke during the South-South public hearing on Exposure Draft of the Nigerian Code of Corporate Governance organized by the Financial Reporting Council of Nigeria in Port Harcourt, articulated the requirement for firms operating in Nigeria to embrace the code.

He indicated out that differ from boosting the ease of doing business, the country's code of corporate governance would stimulate employment.

Otajiu also stated that "When there is good corporate governance, companies, business operators will do things right and when this is done, the survival rates of businesses would be higher and that will, in turn, increase employment and boost the nation's economy."

The Executive Secretary of FRC, Mr Daniel Asapokhai, said participators at the public hearing that the country's code of corporate governance might seduce local and foreign investments and also promote the integrity of the Nigerian capital market via the installation of a culture of transparency.