Since the assumption of duty of the Executive Secretary,Chief Executive Officer, Financial Reporting Council FRC, Dr Rabiu Onaolapo Olowo the introduction of internal mechanism to promote performance had been the core of his activities.
Coming from the huge experience of handling some sensitive part of the cosmopolitan state of Lagos , private sector exposure, it became alot easier to drive the needed change in the council without hitches.
Before then , the new Executive Secretary, Olowo has introduced an annual reward system to staffers as an encouragement for performance through dedication to duty , extra ordinary contributions to the success of the program of the council.
This activities was carried out to encourage staffers and management staff towards redirecting and reordering the agency in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.
The Renewed vigour championed by the leadership of the council under Dr Rabiu Onaolapo Olowo has started yielding results with series of Improvement’s in its activities through major reorganisation that had crystalized the regulatory and monitoring programs of the Financial Reporting Council FRC in recent time.
This is in addition to staff welfare through a concerted policy thrust and framework that had emboldened hard work , dedication to duty and quality performance.
Having solidified and improved on internal mechanism of productivity in the council, the idea wholisticaly adopted by the parent Ministry of Trade and Investment, which supervises the activities of the council among other agencies under it , by engaging in the activities introduced as ‘Performance Bond ‘ capable of affecting the Ministry and it’s agencies positively was no longer difficult for the council.
With the commitment to the economic transformation under the Renewed Hope Agenda, the new Minister , Mrs Oduwole did not mince words and actions in engaging the versatile, energetic and proactive leadership under Dr Rabiu Onaolapo Olowo, the Chief Executive Officer, of Financial Reporting Council FRC.
With the promise to turn the tide in the council with the signing of ‘Performance Bond ‘, it is obvious that going forward, the new wave introduced by the new leadership in the Ministry driven by both private and public exposure will no doubt begin to yield positive results as it trickled down to the council.
No doubt the amendment of its act , among many other policy decisions to harness maximum performance introduced by the Rabiu Onaolapo Olowo led Financial Reporting Council FRC has distinct its activities.
Translating the ceremonious public endorsement and new parlance of ‘Performance Bond ‘ that will on the long run coalesced into improved revenue, improved performance, improved and introduction of new policy thrust in line with the best practices and international requirements will be the core of the leadership of the council.
Having been tested and trusted and with the renew zeal in the last 16 months of assumption of duty, the new policy thrust introduced by the Ministry to improve performance will no doubt be implemented in Financial Reporting Council FRC.
