For Immediate Release: The Nigeria Network of NGOs welcomes Federal Governments decision to reconstitute the Financial Reporting Council
For Immediate Release
The Nigeria Network of NGOs welcomes Federal Governments decision to reconstitute the Financial Reporting Council
Lagos, January 9, 2017—The Nigeria Network of NGOs representing over 2,000 not-for-profit organisations in Nigeria welcomes the decision of President Muhammadu Buhari to reconstitute the Financial Reporting Council (FRC). The Nigerian Not-for-Profit sector was upset yet again by the actions of the FRC in releasing the Not-for-Profit Organisations (NFPO) Code in October 2016 despite earlier submissions to the Council on the need to ensure robust engagements with the wider civil society community before the code is released.
By this singular act the President has shown our sector and the world that it stands ready to uphold the protection and strengthening of civic space in Nigeria. We have seen around the world and at an alarming rate efforts by various governments to restrict the operational space for civil society through laws, policies and practices to limit the ability of people to come together to act for a just world.
Our sector remains guided by the ultimate believe that a robust governance system is extremely positive, for both not-for-profits and wider society.
In recognition of the impact and contributions of our sector to the growth and development of the nation’s economy, we call on President Muhammadu Buhari and the Minister of Trade and Investment to ensure that the civil society community is included in the process of nominating members of the Council since there is a code released by FRC for the not-for-profit sector too.
As a Network, we hope to continue to use our organizational capacity – including convening power, community management excellence and insight generation to engage with the FRC and its new leadership on the NFPO Code.
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About us: The Nigeria Network of NGOs (NNNGO) is the first generic membership body for civil society organizations in Nigeria that facilitates effective advocacy on issues of poverty and other developmental issues. Established in 1992, NNNGO represents over 2000 organizations ranging from small groups working at the local level, to larger networks working at the national level. www.nnngo.org