FG to leverage on experienced chartered accountants to build a better Nigeria - Tinubu

FG to leverage on experienced chartered accountants to build a better Nigeria - Tinubu
By: Bisi Akingbade 

 Accountants play a critical role in achieving inclusive growth in the Nigerian economy, President Bola Ahmed Tinubu has said.

 Tinubu stated this while declaring open the 53rd Annual Accountants' Conference hosted by the Institute of Chartered Accountants of Nigeria, ICAN.

According to the President, the Federal Government was determined to build a better Nigeria by leveraging on the training and experience of chartered accountants.

The President, 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."

The President promised that the government would continue to hold rigorous discussions with ICAN on revolutionary measures that would promote equitable development.

President of ICAN, Dr. Innocent Iweka Okwuosa, noted 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.

 Okwuosa stated unequivocally that "only accountants can ensure inclusive economic development."

He enjoined the Federal Government to implement macroeconomic and fiscal reforms to address the nation's current difficulties of poor infrastructure, weak and ineffective institutions, a poor public financial management system, and inadequate health care services.

The ICAN president lauded the Federal Government for the recent daring economic reforms, but emphasized that the country's economic changes should lead to economic development.

He emphasized the qualities of successful economic policies such as employment creation, industrial growth facilitation, and long-term development in health, education, and agriculture, among others.

Okwuosa commended 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 a 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.

Oyedele noted that the immediate answers to the current economic issues are better tax collection, better budgeting, better spending, management, and reporting.

He added that government must be made accountable to the people.

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