Pursuant to Sections 50 (a) and 51 (a)(c) of The Financial Reporting Council of Nigeria (FRC) Act, 2011, FRC has developed a Corporate Governance Code applicable to the Public Sector of the Nigerian economy. The document, to be called Nigeria Public Sector Governance Code (NPSGC), is now in the Exposure Draft (ED) phase of the FRC Statutory Regulatory document development stage.
The primary objective of the NPSGC is to enhance transparency, accountability, and efficiency in the management and operations of public sector entities in Nigeria. The Code aims to establish principles, standards, and guidelines that promote good governance practices within Government Ministries, Departments, Agencies and other Public Sector Entities.
The FRC now seeks to engage stakeholders in the Public Sector as a further mandatory step to issuance of the Code. We hereby request all interested person(s), group(s), association(s) and organization(s) to provide documented comments and feedback on the Code to FRC on or before Friday, May 17, 2024 to dcg@frcnigeria.gov.ng(A link to access the Code is provided for your use)
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