Speaking at the unveiling of Code of Corporate Governance on Tuesday in Abuja, Osinbajo commended the governing board of the Financial Reporting Council (FRC) and other stakeholders that contributed to the code.
He also thanked the captains of industry, heads of regulatory agencies, development partners and others that contributed to the process of developing the code.
“We are all familiar with the journey that has culminated in today’s ceremony and I am pleased that we now have a widely accepted National Code of Corporate Governance ready for use.
“The code has been long awaited and I believe that it will satisfy our desire for higher standards of corporate governance and ethical practices in our business environment and help to rebuild public trust and investor confidence in the Nigerian economy,’’ he said.
He said that the implementation of the Nigerian Code of Corporate Governance would encourage companies, regulators, the media, to be publicity agents in spreading the news of the release of the code and the imperatives of its implementation.
“To our business leaders here gathered, let me reiterate that the government very much looks forward to your enthusiastic implementation of the code and to your being corporate role models in this regard,’’ he said.
Osinbajo said that the unveiling of the Nigerian Code of Corporate Governance was not just a symbolic presentation, but also a presentation of an internationally accepted best practice standards for business conduct in Nigeria.
He said that the benefits would be enjoyed by investors, the entities applying the code and Nigerian economy.