The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelameh has inaugurated the Governing Board of Corporate Affairs Commission (CAC), alongside other Agencies and Parastatals under his Ministry with Prince Dapo Abiodun as the Chairman of the CAC.
In his Inaugural Speech, the Minister congratulated the Board Chairmen and members for their well deserved appointment stressing that he recognized the important role of the Board in the management and oversight of Agencies.
He commended President Mohammadu Buhari for the calibre of men and women appointed into the Governing Boards, adding that the Federal Government was committed to the Change Agenda of tackling security issues, corruption and revitalizing the national economy.
Dr. Enelameh recalled that Economic Recovery Growth Plan 2017 – 2020 was articulated in February, 2017 as a Comprehensive Medium-Term Plan to revitalize the economy on the path of sustainable growth and development.
He pointed that his Ministry was playing a pivotal role in the implementation of economic and recovery growth plan and was working with Ministries, Departments and Agencies to achieve these goals even as he noted that his Ministry overseeing 17 Parastatals and Agencies cannot achieve the goals without the active support of MDAs and Parastatals.
It was within this context that the roles of governing boards of agencies and parastatals being inaugurated must be appreciated as crucial to the success of the Ministry and revitalization of the economy.
He further stated that the Board was to provide the policy guidelines, ensure efficient management of resources to achieve the set target of the parastatals and agencies.
Dr. Enelameh urged them to work in harmony with the Ministry and Management of their respective agencies to ensure that the goals set for the organizations were achieved.
‘Abide by operational guidelines and have clear understanding of your roles and responsibilities and be clearly communicated to avoid conflicts’. The Minister charged.
He reiterated that the Chief Executives of the organizations are charged with the day to day management of the affairs of the parastatals and agencies in accordance with the objectives and targets set by the Boards even as the Boards were not expected to be involved directly in the day to day management of the parastatals and agencies.
Responding on behalf of the newly inaugurated Boards, the Chairman, Governing Board of the National Sugar Development Council (NSDC), Mallam Abdullahi Bolaji said that the new Boards would not take over the running of the Federal Government Agencies and Parastatals, rather they would deploy their skills to help their respective agencies deliver on mandate.
Other Governing Boards inaugurated alongside that of the CAC include; Nigerian Investment Promotion Commission (NIPC), National Automotive Design and Development Centre (NADDC), Consumer Protection Council (CPC), Nigerian Export Promotion Council (NEPC), Industrial Training Fund (ITF).
Others are Standard Organisation of Nigeria (SON), National Sugar Development Council (NSDC), Oil and Gas Free Trade Zone, SMEDAN, Nigeria Commodity Exchange, NEPZA, Lagos Trade Fair Management; and Tafawa Belewa Square.
