President Bola Ahmed Tinubu has urged accountants throughout the nation to play a number one position in selling transparency, accountability, and sustainable {financial} administration practices as Nigeria pursues its ambition of changing into a $1 trillion financial system by 2030.
Talking on Tuesday in Abuja on the fifty fifth Annual Accountants Convention of the Institute of Chartered Accountants of Nigeria (ICAN), the President mentioned his administration’s {economic} imaginative and prescient was anchored on job creation, entry to capital, inclusiveness, and the rule of regulation, stressing that these pillars can be essential in constructing a resilient and globally aggressive financial system.
“The objective of propelling Nigeria’s financial system to a trillion-dollar milestone by 2030 just isn’t merely aspirational, however a name to motion for all stakeholders, together with accountants, {financial} leaders, and policymakers,” Tinubu declared.
He urged members of ICAN and professionals within the {financial} sector to champion transparency, data-driven coverage help, and moral management, noting that their contributions are indispensable to attaining nationwide improvement targets.
“By embracing sustainable practices, clear reporting, and accountable governance, we are able to unlock new development alternatives, drive innovation, and construct a resilient financial system that advantages all Nigerians,” he mentioned.
The President referred to as on the accounting occupation to champion {financial} transparency and self-discipline, present correct and data-backed insights for presidency insurance policies, and collaborate in designing and implementing people-centred reforms that may speed up improvement.
He additionally urged accountants to mentor younger professionals and put money into improvements that may put together the following era for management in {financial} administration and governance.
ICAN President Haruna Yahaya mentioned the federal government has to construct resilience by making Nigeria shock-ready and future-assured: sturdy establishments; a diversified financial system; funding in folks; and dependable infrastructure.
The ICAN 12 months’s theme—“Constructing Resilience—Aligning Reforms for Nigeria’s Improvement”—speaks to an pressing nationwide project. The ICAN President urged the authorities to make sure they match braveness with cushioning, self-discipline with knowledge, and reform with leads to a bid to attain the nation’s {economic} prosperity.
Yahaya pledged that ICAN would align finance with improvement – assurance and self-discipline, align taxes with equity – requirements and simplification and align reality with belief – public reporting as a part of its dedication to strengthening efficient public finance administration in Nigeria.
ICAN has helped form Nigeria’s {economic} story for sixty years – constructing requirements, strengthening establishments, and mentoring generations. For 50-five years, our Conferences have supplied a discussion board the place concepts grew to become insurance policies and suggestions grew to become reforms – impacting governance throughout Nigeria and informing significant debates past our shores of this nation.
In response to Tinubu, Nigeria stands at a pivotal stage in its nationwide journey, and the choices taken immediately by residents, professionals, and leaders will outline the nation’s future.
“Allow us to decide to resilience, reform, and the event of our nice nation, Nigeria,” he mentioned. “I urge ICAN to proceed main the cost in selling moral conduct, advocating for sound {financial} reforms, and supporting insurance policies and applications that assure long-term improvement.”
Tinubu reaffirmed that the integrity of monetary reporting and the success of public sector {financial} administration reforms rely closely on the professionalism of accountants, noting that investor confidence—each native and international—rests on their credibility and moral requirements.
He additional referred to as on the non-public sector and civil society organisations to companion with authorities and stay vigilant in guaranteeing that governance mechanisms uphold transparency and public belief.
“Collectively, we are able to construct a future the place {economic} shocks don’t derail progress, governance turns into a beacon of integrity, and each Nigerian prospers in a sustainable and equitable nation,” Tinubu added.
Reflecting on the theme of the convention, the President appealed to the accounting fraternity to undertake the ideas of sustainability, transparency, and prudence as guiding values of their skilled conduct.
He described accountants as “custodians of public belief and guardians of the figures that both construct or erode {economic} resilience,” stressing that their position in {financial} administration is foundational to Nigeria’s {economic} stability.
“Your work is foundational to creating Nigeria a spot the place resilience just isn’t unintended however engineered,” he mentioned.
