The article discusses the inauguration of the new headquarters of the Financial Reporting Council of Nigeria (FRC) in Lagos, led by Vice President Kashim Shettima. He emphasized that the building should serve as a center for innovation and integrity in financial reporting, which is essential for building trust in Nigeria's economy. Shettima highlighted that while Nigeria has many resources, trust is crucial for attracting investments and ensuring economic stability. He urged the FRC to use the new building to promote professionalism and accountability. Dr. Jumoke Oduwole, the Minister of Industry, Trade and Investment, added that trust is the most valuable asset for regulators. She stressed the importance of predictability and transparency in creating a competitive business environment. Lagos State Governor Babajide Sanwo-Olu also spoke about the significance of trust in the economy, noting that it is vital for investment and growth. The Executive Secretary of the FRC, Dr. Rabiu Olowo, mentioned that this event marks a new chapter for the FRC, which has been serving Nigeria for over 40 years. He acknowledged the contributions of those who built the institution and the importance of its new headquarters in fulfilling its mission.
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