At NSDC, we have a near perfect relationship with both our internal and external stakeholders. The internal stakeholders are our passionate and committed workforce while the external stakeholders are all of the government institutions, regulatory bodies and most importantly our business environment. We also have many other strategic relationships with other external stakeholders that include various chambers of commerce, other state investment and development companies, Nigerian Development Finance Institutions and embassies. Essentially this drives our ability to achieve greater ease of doing business, national competitiveness, attracting new investment opportunities, consolidating on existing ones and forge strong investor relations.
Relationship with our stakeholders both internal and external, is always on the front burner in all our dealings. Investing in our employees by way of fair compensation and supporting them through training and education that help them develop new skills for a rapidly changing world. For our customers, we continuously work out innovative solutions around their needs. Also, because we do not operate in isolation, we support the communities in which we work, respect the people and protect the environment by embracing sustainable practices across our businesses. The collaboration between us and State/Federal MDAs is quite strong and sustainable.
The Board of Directors is the highest decision making body of the organisation without any form of interference. The Board is composed of men of high integrity and business acumen who make sound business policies and provide strategic direction for the company, while the Executive Management is detailed to implement policies and decisions on a daily basis. The Board operates by having scheduled quarterly and emergency meetings when necessary. It also has competent Board Committees with clear responsibilities on finance, Admin, projects and procurement, risk management, HR and business development.
Similarly, the Executive Management equally has Committees such cost containment, disciplinary, IT, projects, new product and innovation. There is a strategic link between the Board and Management Committees. The Management Committees are composed bottom up to ensure balanced decision making and buy-in.
Corporate Social Responsibility
Our stakeholder management approach closely links with our corporate social responsibility. A few of our feats in this direction in recent times are the construction of highly subsidized students’ hostel at Ibrahim Badamasi Babangida University Lapai, donation of ICT equipment to Maryam Babangida Girls Science Secondary School Minna, donation of facility to Niger State Covid-19 Team for the containment of the spread of the virus and provision of succor to victims of armed banditry and kidnapping in the State. We aim to embark on schools renovation across the three senatorial zones of the State within the shortest possible time.