Out of curiosity I trawled the internet for Corporate Governance in Nigeria and most of the results I found came up with information to do with the banking and insurance sub-sector. I was interested in how our federal government departments managed their everyday businesses more so with regards to internal control systems. Shockingly and as the time of writing this paper none was available on any relevant Nigerian government ministry website. A listing of the federal ministries and government agencies on the Nigeria government website (http://www.nigeria.gov.ng/index.html) came up with the message “This Page will soon be available...” This was repeated for all the ministries and departments listed on this so called “Nigerian Government Official website”!
I changed my approach and searched specifically for the individual websites of government ministries and narrowed this down to the Ministry of Finance. Although a well designed website, there was little mention of risk management from an internal control systems point of view other than the mention of Corporate Governance targeted at specific business areas such as the financial industry e.g. banking and Insurance sector. My research was purely based on my need to know what obtains for governance and business practice in the average Nigeria government department.
I changed my approach and searched specifically for the individual websites of government ministries and narrowed this down to the Ministry of Finance. Although a well designed website, there was little mention of risk management from an internal control systems point of view other than the mention of Corporate Governance targeted at specific business areas such as the financial industry e.g. banking and Insurance sector. My research was purely based on my need to know what obtains for governance and business practice in the average Nigeria government department.
