Tinubu assures accountants of better Nigeria

President of the Federal Republic of Nigeria, Alhaji Bola Ahmed TINUBU, has once again extolled accountants and restated the important role they play in the economic growth of the country. 

The  president who stated this while  declaring open the 53rd Annual Accountants’ Conference hosted by the Institute of Chartered Accountants of Nigeria (ICAN), said that his government was determined to build a better Nigeria by leveraging the training and experience of chartered accountants.

ICAN President, Innocent Okwuosa, Anambra State Governor, Charles Soludo and Tola Adeyemi Regional Senior Partner and Chief Executive officer KPMG

The President, spoke through his Minister of Power, Chief Adebayo Adelabu, a chartered accountant, asserted  that “accountants should play a role in inclusive development for the benefit of the nation. “He assured that the government would continue to hold rigorous discussions with ICAN on revolutionary measures that would promote equitable development.” Earlier in his speech, Dr. Innocent Iweka Okwuosa, FCA, President of ICAN, stated in his opening remarks that government plays a significant role in driving economic growth, emphasizing that such development must be inclusive in order to be truly beneficial. He argued that “only accountants can ensure inclusive economic development” and urged the Federal Government to implement macroeconomic and fiscal reforms to address the nation’s current difficulties of poor infrastructure, weak and ineffective institutions, poor public financial management system, and inadequate health care services.

Dr. Okwuosa applauded the Federal Government for the recent daring economic reforms, but emphasized that the country’s economic changes should lead to economic development. He emphasized that the qualities of successful economic policies such as employment creation, industrial growth facilitation, and long-term development in health, education, and agriculture, among others. He praised the government’s strong economic reforms thus far and expressed hope that they will lead to long-term progress.

Also speaking, Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, stated that people are living in poverty due to poor health, poor living standards, poor nutrition, and lack of jobs, a situation that the current administration of President Tinubu must address head on.”Today, it’s not only a problem of tax collections for expenditures but more importantly, how we use the tax collected for the growth of the nation,” he said.

He highlighted immediate answers to the current economic issues as better tax collection, better budgeting, better spending, management, and reporting, adding that government must be made accountable to the people.




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