ICAN advises Tinubu on economic policies

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Following the economical crisis and level of hardship in the country, Dr Innocent Okwuosa, the President of the Institute of Chartered Accountants of Nigeria, has urged  President Bola Tinubu to enhance the implementation of his economic policies.

He said this at the Dover Hotel Lagos on Wednesday, that the accounting has agreed with the formulation of Tinubu’s policies but said their implementation must be enhanced.

The ICAN president expressed these positions during a press conference held in commemoration of Tinubu’s one-year in office anniversary.

Okwuosa also asked the Tinubu’s government to take a clue from the Olusegun Obadanjo’s administration by ensuring people are made to face the consequences of their actions.

“I would say generally that the president has done very well in churning out economic policies. There is a very long list of what the president has done in terms of those policies.

But in implementation of the policies, I would not say they have not done well, they have also done well in implementation. But there have been challenges, implementation challenges and there have been neglect in some areas.

He stated that he would expect Tinubu as an accountant to take the aspect of accountability in government seriously so as not to lay a bad legacy as a professional.

“I would have expected more accountability because we are accountants and then we always focus on accountability.

“Like I said, the agencies they call anti-corruption agencies. To me, I call them agencies for accountability and transparency in governance. I expect this government to progress on what Obasanjo has done, especially when the president himself is an accountant, so that we can hold people accountable for what they do.

We see a situation where there are no consequences for bad behaviour. And I think this is an aspect that the government needs to pay much attention to. There have been inconsistencies in policies, policy reversals.”

The ICAN President also appealed to the president to revisit the budget and cut down the cost of running the government considering the skyrocketing increase of the dollar against the Naira.

Then the oil production, I think 1.79 or 1.78 m barrels per day. But today, that’s not working. So we are saying that the government should also revisit the budget and implement the Rosania report and cut down on the expenses, I mean, the cost of running the government,” He added

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