• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, September 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Set Up C’ttee To Develop Not-for-profit Governance Code

by Kingsley Alu
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has inaugurated a Technical Working Group (TWG) for the development of the Nigerian not-for-profit Governance Code, which when ready shall be adopted and complied with by not-for-profit organisations in Nigeria. Inaugurating the TWG at the ministry’s headquarters yesterday in Abuja , minister of industry, trade and investment, Otunba Adeniyi Adebayo, commended the Financial Reporting Council of Nigeria (FRC) for the effort at ensuring that good governance and ethical practices are enshrined in all sectors and operating environments in the Nigerian economic space.

Advertisement

He noted that the latest effort followed a concern that there is no sufficient regulation on the organisational/operating structure, and sustainability of various not-for-profit organisations in Nigeria.

“Having successfully issued the Private Sector Governance Code called Nigerian Code of Corporate Governance (NCCG) 2018, and now set to issue a Public Sector Governance Code, Council deemed it necessary to concurrently develop that for Not-For-Profit Organisations.

“The need to enshrine good governance and ethical practices in all organisations whether profit-oriented or not cannot be overemphasised, drawing from the overall positive impacts such developments would have on the national economy in the long run.

“Thus, the development of the Not-For-Profit Governance Code is heart-warming, following the success of similar efforts in the private sector space that led to Nigerian Code of Corporate Governance (NCCG) 2018 and the on-going move to do same for Public Sector Organisations,” he added.

RELATED

Afrique Mommies Award 2025 To Honour Service, Culture Icons

Afrique Mommies Award 2025 To Honour Service, Culture Icons

3 hours ago
Chevron Honoured For Community Development Initiatives

Chevron Honoured For Community Development Initiatives

3 hours ago
ADVERTISEMENT

Adebayo said the code when developed would enhance the fulfilment of the overall mandate of not-for-profit entities so they can achieve their intended outcomes for citizens and render better service to users; aid not-for-profit entities to operate in an effective, efficient, transparent   and   ethical   manner; engender public accountability of resources received from donor and donor agencies;

ensure sustainability of these not-for-profit entities amongst others.

He, therefore encouraged members of the TWG to give it all it takes in developing an acceptable Code that will rebuild and reshape perspectives about the Nigerian economic operating environment and ultimately, lead to national growth and development.

ADVERTISEMENT

The TWG is headed by the country director in Nigeria for DAI Global, an international development company, and former director- general, Bureau for Public Sector Reforms,

Dr Joe Abah

Membership of the Group cuts across organisations such as non-governmental-organisations (NGOs), faith based organisations, civil society groups, professional bodies/associations, all operating as not-for-profit organisations. Making Nasarawa An Investment Hub

 


Join Our WhatsApp Channel



SendShare10173Tweet6358Share
ADVERTISEMENT
Previous Post

PDP Asks Appeal Court To Declare Eno Akwa Ibom Guber Candidate

Next Post

Customers Of Access Bank To Get Discount In Valentine Promo

Kingsley Alu

Kingsley Alu

You May Like

Afrique Mommies Award 2025 To Honour Service, Culture Icons
Business

Afrique Mommies Award 2025 To Honour Service, Culture Icons

2025/09/01
Chevron Honoured For Community Development Initiatives
Business

Chevron Honoured For Community Development Initiatives

2025/09/01
CAC Launches AI Portal For 30-Minute Business Registration
Business

CAC Shifts Implementation Of New Service Fees To October 1, 2025

2025/09/01
Bear Resurfaces As Equities Investors Lose N639bn
Business

FX Stability, Capital Inflows Drive N26trn Gain In Stock Market

2025/09/01
Energy Commission To Ramp Up Clean Cooking Campaigns
Business

Rising Costs: ECN Urges Firms To Embrace Efficiency, Cut Waste

2025/09/01
Ways To Retain Existing Customers For Business  Continuity
Business

Private Sector Records 54.2 Points On Sustained Improvement In Business Activity

2025/09/01
Leadership Conference advertisement

LATEST

Yoruba, Northern Groups Fault ADC, PDP Allegations Against INEC

NDLEA Arrests 75-year-Old Grandpa With Illicit Drugs In Anambra

Afrique Mommies Award 2025 To Honour Service, Culture Icons

No Sabotage In Abuja-Kaduna Train Accident, Says Minister

Senator Ekpenyong Backs Bill To Decriminalise Attempted Suicide

Chevron Honoured For Community Development Initiatives

CAC Shifts Implementation Of New Service Fees To October 1, 2025

SO&U, Ufot Honoured For Advertising Legacy

FX Stability, Capital Inflows Drive N26trn Gain In Stock Market

Reno Omokri Slipped On This One

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.