IOD, MDAs to build 50 directors’ capacity

The Institute of Directors [IOD] Nigeria and the Federal Government have concluded plans to train well over 50 directors of Ministries, Departments and Agencies [MDAs].

The trainees would undergo capacity building in corporate governance, ethics and accountability to help reduce the rate of corruption in the civil service.

IOD established 35 years ago at Corporate Affairs Commission (CAC) in Nigeria, is a body of Directors mainly drawn from the private sector whose focus is to train high calibre staff of private companies and government agencies on capacity and human resource development including the promotion of corporate governance.

IOD Director-General/CEO, Bamidele Alimi stated this recently in a message to the Investiture of the newly elected Abuja Chairman of the Institute and members New Year dinner held in Abuja.

Alimi said that such trainings that will also promote ethics, and standards for running business would help to bring new initiatives, and openness in the running of government business for the benefit of the people. 

He said: ‘’In the last two years, IOD started working with the Federal government through the office of the Secretary to the Government of the Federation and the office of the Head of Service, this has paid of because we have already begun the trainings of directors n the MDAs, in short, in 2017, we successfully trained about 15 directors on this capacity and ethics of good governance but this year 2018 we are expecting over 50 Directors to be trained.”

In his speech, the recipient of the 2018 Investiture and Chairman of IOD Abuja branch, Victor Alonge said that the training would also be taken to Directors of small medium scale enterprises for better protection of that sector of the economy.

Alonge stated: ‘’Most of our SMEs are dying because several of the managers are not really knowledgeable on how companies should be run.Today, the statistics are saying that the gestation period the SMEs can survive is about three years maximum and in five years, they die-off. Basically, this bad trend is not about money, its about governance, its about knowing how to properly run a company.”