The Non-Profit Governance Code (NFPGC) 2023, proposed by the Financial Reporting Council of Nigeria (FRCN), seeks to further regulate the non-profit sector, focusing on areas such as board composition, board responsibilities, financial management, and stakeholder engagement.
The stated intention of the Code is to enhance public trust and confidence among key stakeholders— citizens, beneficiaries, donors, volunteers, and the general public—by promoting transparency, accountability, and good governance within the sector.
