Prioritise Corporate Governance, Innovation, Eyesan Urges New CIoD Leadership

The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan,  has urged the newly installed leadership of the Chartered Institute of Directors (CIoD) Abuja zone to strengthen corporate governance and foster innovation to help Nigeria meet rising economic challenges.

Eyesan made the call in a goodwill message delivered at the Investiture of Rose Eshiett as chairperson of the CIoD Abuja zone and the inauguration of the zone’s 11th Executive Committee.

Eyesan said boards and executive teams in both the public and private sectors must give clear strategic direction, enforce strong oversight, and maintain discipline to operate effectively in a complex business environment.

“Boards and executive leadership teams across both the public and private sectors must continue to provide the strategic direction, oversight and discipline necessary to navigate an increasingly complex operating environment,” she said.

She added that the CIoD plays a vital role in this effort. “By developing competent directors and promoting global governance standards, the Institute contributes meaningfully to the strength and resilience of Nigerian institutions,” Eyesan said.

The NUPRC boss stressed that improved corporate governance practices and a focus on innovation are essential tools for companies and public bodies to respond to economic headwinds and emerging risks. She encouraged the new CIoD leadership to prioritise director training, ethical standards, and modern governance practices that align with global norms.

Rose Eshiett, the newly invested chairperson, pledged to work closely with members to raise governance standards in the Abuja zone. She said the new executive committee would focus on capacity building, public-private dialogue, and initiatives that encourage best practices among boards across sectors.

The CIoD Abuja zone, now under its 11th Executive Committee, serves as a platform for directors and corporate leaders to exchange ideas, access training, and promote good governance. Stakeholders at the event highlighted the importance of strong boards in protecting shareholder value, supporting sustainable growth, and enhancing investor confidence.

As Nigeria faces economic headwinds and a shifting global business landscape, experts say that disciplined corporate governance and continuous director development will be central to improving institutional resilience and attracting investment.