NCC introduces new governance rules for telcos
The Nigerian Communications Commission (NCC) has introduced a new corporate governance framework for telecommunications operators, mandating the separation of the roles of chairman and chief executive officer (CEO) as part of sweeping reforms to improve transparency, internal controls, and risk management in the sector.
Unveiled on Wednesday in Lagos, the 2025 guidelines were announced by Aminu Maida, executive vice-chairman (EVC) of the NCC. He said the initiative is aimed at enhancing long-term business sustainability, service quality, and investor confidence.
“Corporate governance is no longer a soft requirement. It is now a strategic imperative, especially in a sector central to Nigeria’s digital future and vulnerable to cybersecurity threats, energy shocks, climate risks, and rising consumer demands,” Maida stated.
Under the new rules, telecom operators are required to appoint boards with a mix of executive, non-executive, and independent directors, with demonstrated expertise in ICT and cybersecurity.
The guidelines also recognise regulatory officers as formal compliance liaisons with the NCC. Internal audits are to be strengthened, with mandatory mid-year and annual compliance reports certified by company boards.
“Operators must empower internal audits and submit both mid-year and annual compliance reports, which must be certified by their boards,” Maida added.
The EVC said an NCC internal review revealed that “companies with robust governance frameworks consistently outperformed their peers in service delivery, financial management, and regulatory compliance.”
He acknowledged that the changes may present initial hurdles but affirmed their long-term value. “Where there is non-compliance, the commission will not hesitate to apply sanctions after the remediation window closes.”
