IoD attracting foreign investments to Nigeria – President

The Institute of Directors has been able to attract foreign investments to Nigeria by promoting corporate governance, global best practices.

The Institute’s President and Chairman of the governing council, Dr. Ije Jidenma, disclosed this in Lagos at a Press Conference to celebrate the institute’s 40th anniversary.

She said that improving the capacities of directors to deliver on their mandates through various knowledge-building and capacity development programmes has been the fulcrum of its contribution to nation building.

She added that with the coming of the African Continental Free Trade Area’s agreement, Nigeria needs good directors to be able to navigate the terrain at continental level.

• 10th Assembly: Don’t bring religion into parliamentary leadership race
• StarTimes introduces season of goodness promo for Ramadan, Easter

“IoD Nigeria has continuously met its founding mandate and objectives, which include the equipping and development of its members to deliver on their mandates in their various directorship positions in all sectors of the Nigerian economy,” she said.

However, she said that the institute has scaled hurdles in ensuring that global best practices become the operation in corporate organizations. She noted that the institute would not rest in advocating for capacity development, competence and integrity.

“As we said, we started as a branch Institute of Directors, UK, in a very modest way, with overarching objectives of making an impact in society, in terms of membership, influence and impact. If you go to many board rooms, they will testify of training directors in terms of their capacities, it means that you are looking at development, capacity, competence and integrity and IoD has always been there nudging them not to give up,” he said.