Determined to boost operational efficiency, the Nigeria Customs Service recently hosted a high-level roundtable discussion on operational best practices for government-owned companies at its headquarters in Maitama, Abuja.......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
In a statement on Wednesday, Abdullahi Maiwada, the service’s National Public Relations Officer, stated that the event brought together key stakeholders from the military, paramilitary, and financial sectors.
He explained that the one-day event was attended by the Comptroller-General of Customs, Adewale Adeniyi, alongside his management team, representatives from the Ministry of Finance, senior officers from the Nigerian Air Force, and board members of various government-owned companies.
The NCS’s image maker added that the roundtable discussion came at a crucial time when government-owned enterprises are striving to enhance efficiency and profitability while aligning with broader governance structures.
“The discussions fostered collaboration between security agencies and business entities, paving the way for improved operational standards,” Maiwada stated.
In his keynote address, Adeniyi underscored the significance of corporate governance, financial autonomy, “and operational efficiency in managing government-owned enterprises, particularly those under military and paramilitary organisations.”
He emphasised that the NCS operates four companies, each contributing to economic growth, job creation, and service delivery.
“We are here today to examine these companies’ operational structures, corporate governance, and financial realities. By sharing experiences and identifying challenges, we can develop solutions that will drive growth and efficiency,” Adeniyi stated.
Air Vice Marshal Mohammed Umar (Rtd.) provided insights into the establishment and management of military-owned companies, tracing their evolution and impact.
Another expert who is also a former Director of Logistics and Defence Administration, Rear Admiral Suleiman Abdullahi, discussed the unique challenges faced by government-owned companies, particularly the delicate balance between government oversight and business autonomy.
“Understanding the legal and structural frameworks of such companies is essential for their sustainability,” he noted.
While delivering his vote of thanks, the NCS Director of Legal Services, Smart Akande, commended the CGC and his management team for spearheading the initiative.
He also appreciated the esteemed speakers and attendees’ invaluable insights and contributions.
“Your perspectives have enriched our understanding of operational best practices for government-owned companies,” he stated.
The event concluded with a renewed commitment to strengthening governance, enhancing operational efficiency, and ensuring government-owned enterprises remain viable contributors to national economic growth.