IFC partners FITC to boost investment opportunities in Nigeria  

Dr. Lucy Newman, CEO FITC

International Finance Corporation (IFC), a member of the World Bank Group, and  Nigeria’s  leading  financial  training  organisation,  FITC,  today announced  the  signing  of  a  three-year cooperation agreement to advance corporate  governance training and practices among West African businesses.


The  aim  is  to  make  businesses  more  attractive  to investors, improve employment  opportunities,  and  contribute  to  economic growth within the region.


The initial focus countries are Cote d’Ivoire, Ghana, Nigeria, Senegal and Sierra Leone.


IFC  and  FITC’s  partnership  will  build  and develop local institutional capacity  to  promote good corporate governance practices; assist companies to  implement  practices  that  will  improve  their performance; assist in developing  the  framework  that  supports  good  practices;  and  raise
appropriate  public  awareness  of best practices, through cooperation with local institutions.


Dr.  Lucy  Surhyel Newman, Managing Director and Chief Executive Officer of FITC  said  “FITC has over the years provided corporate governance training and  capacity  building  initiatives  among  businesses that have helped to improve  their attractiveness and performance.


This agreement with IFC, our long  term  partner,  will  help  us  further  grow our reach in delivering corporate governance training, capacity building and implementation support services  to  businesses  across  West  Africa  and  thus, help develop the region.”


Eme  Essien  Lore, IFC Country Manager for Nigeria said, “IFC is determined to  boost  the  adoption  of  good  corporate  governance  practices  among businesses  because  they  help companies operate more efficiently, improve access  to  capital,  and  contribute  to  development.


Building  on  our partnership with  FITC,  we  hope  to  expand  the  opportunity to improve corporate governance practices among businesses across West Africa and help boost business results and investment attractiveness for African companies.

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IFC’s  Africa  Corporate  Governance  Program  offers  advice  to  improve corporate  governance practices across Africa.


The AfCGP is funded by SECO, Switzerland, and IFC is the implementing partner for the programme.


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