The Nigerian Communications Commission, NCC, will be creating a new role of Corporate Officers in telecommunications companies in order to ensure that the principles enshrined in Nigeria’s Code of Corporate Governance are effective and adhered to in the telecoms industry.
The NCC said the corporate officers will be effective in the process of feedback mechanism between the commission and the GSM companies to ensure adequate compliance with Nigeria’s Code of Corporate Governance.
The corporate officers, the NCC explained, is a telecom industry specific, which will create “a room of participatory process with our stakeholders in the application of Nigeria’s Code of Corporate Governance as it applies to the telecommunications industry.”
The NCC believed the policy will project its transparency and responsibility reporting policy, as “we expect effective collaborations with licensees.”
Specifically, the NCC highlighted areas of its transparency and responsibility reporting to include account of telecoms subscribers’ data base, data integrity of the licensees in terms of operations and market share, among others.
According to the NCC, the principles of transparency and responsibility are intertwined and have enhanced and sustained the successes recorded in the telecommunications industry in Nigeria.
Transparency and responsibility, the commission further explained, “would create value for our stakeholders and generate more to the nation’s GDP as well as align the industry with global best practices.”
Already, the NCC said its measures are yielding positive results as “we recorded a drop in tele density with the NIN-SIM linkage in the country. We are now using a more realistic population figure of 216 million people in Nigeria. We are using a more transparent figure.”
The NCC said it also successfully resolved the interconnectivity issue between Globacom and MTN sometimes during the year, and “we continually engage all the stakeholders in the telecoms industry.”
NCC to create new role of corporate officers in line with governance in telecoms industry
