Nigeria backs ICSAN amendment bill
Analysis based on 6 articles · First reported May 08, 2026 · Last updated May 09, 2026
The federal backing for the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) amendment bill is expected to enhance governance practices in Nigeria, potentially leading to increased investor confidence and improved corporate accountability. This legislative development could positively influence the overall business environment and market sentiment towards Nigerian entities.
Vice President Kashim Shettima has assured the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) of the federal government's support in fast-tracking an amendment bill. This legislation, currently before the Nigeria — National Assembly (Nigeria), aims to rename the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) to the Chartered Governance Institute of Nigeria and expand its mandate to align with modern global governance practices. The Vice President congratulated the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) on its 60th anniversary and praised its contributions to professionalism and integrity. He pledged the commitment of President Bola Tinubu's administration to engage stakeholders and ensure the speedy passage of the bill, which is considered long overdue. Uto Ukpanah, President of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), appealed for this support, emphasizing the necessity for the institute's evolution to strengthen governance in both private and public institutions across Nigeria. Support was also sought for the institute's building project in Lagos.
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