Is it possible to do ethical business in Nigeria? This was among numerous, albeit, interrelated questions, that claimed the attention of diverse stakeholders in the governance sector at the recently concluded 38th Annual conference of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) which held last Tuesday and Wednesday in Lagos.
The well-attended two-day conference had the theme “Nigeria of tomorrow: the challenge of growth, security and governance. The Chairman of the occasion was no other person than the immediate past President of the Institute of Chartered Accountants of Nigeria (ICAN) and a fellow of ICSAN, Alhaji Kabir Alkali Mohammed, while the keynote address speaker was the Chief Executive Officer, MTN Nigeria Communications Limited, Mr. Michael Ikpoki.
The President of the ICSAN, Dr. Suleyman Ndanusa, set the appropriate tone for the conference, when he presented an overarching view of the problem facing Nigeria and enjoined all sundry to work hard in rechanneling the nation towards path of redemption. He also sensitised the Nigerian government to diverse responsibilities devolved on it against the broadside of our numerous socio-economic problems.
In his well-received presentation, the MTN CEO, Ikpoki, provided diverse perspectives on business management in Nigeria, using his organisation as a case study. He said, inter alia, “I believe you will agree with me that more often than not, the statistics and conditions associated with Nigeria and indeed Africa are presented as negative and unfavorable.
“It is instructive to note that Nigeria’s growth amongst other factors is linked to improvements in economic governance and management.”
Ikpoki concluded that “It is possible to do ethical business in Nigeria, in spite of all our challenges”.
Presenting a paper entitled “Governance: Cost of doing business in Nigeria”, the Acting Director-General, Manufacturers Association of Nigeria, Mr. Rasheed Adegbenro, painted a very gory picture of operating business in Nigeria, alluding to environmental, administrative, fiscal and economic challenges, including lack of infrastructure, security challenge and cost of finance facing entrepreneurs and resulting in sheer financial exorbitance of entrepreneurial initiatives.
An interesting dimension was added to already rich discourse with the presentation of paper entitled “Shareholder activism: Any added value to governance?” by the National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, who thrilled the audience with facts, figures and enlightening anecdotes on shareholders relations dynamics in Nigeria.
governance issues in corporate Nigeria.
Ketefe is a member of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN).
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.