NCC introduces stricter regulations for Telecom-Industry.

The Nigerian Communications Commission (NCC) has introduced a stricter corporate governance framework for telecom operators to enhance transparency, internal controls, and risk management. 

The Executive Vice-Chairman of the Commission, Dr Aminu Maida, who announced this during the inauguration of the 2025 Guidelines on Corporate Governance on Wednesday in Lagos, explained that the new framework aims to ensure long-term sustainability for telecom businesses and networks, as well as instill investor confidence.

According to him, the new framework requires telecom licensees to implement balanced board structures, improve transparency, and establish tighter internal control systems, with members of boards expected to include executive, non-executive, and independent directors with demonstrated expertise in Information and Communication Technology (ICT) and cybersecurity. 

The framework also emphasizes internal audits and risk control, with operators expected to conduct structured risk assessments and empower internal audit functions.

The NCC will roll out the guidelines in phases, depending on the category of license held, but enforcement will be rigorous. The commission has reaffirmed its commitment to stakeholder engagement, capacity-building, and technical support, while stressing that accountability will be strictly enforced. Non-compliance will result in sanctions after remediation windows close.

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