ICAN advises Tinubu on economic policies

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

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

Govt mulls commercialisation of FMBN

The Federal Mortgage Bank of Nigeria has restated its commitment to ensuring speedy reforms to boost efficiency and access to affordable and quality housing...

SEC, NGX empower retail investors with financial education

Nigerian Exchange Group Plc (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) and other market operators, organized a series of engaging...

Pension: PIAFRICA 2023 to focus on investments, risk management

The 6th Pension Funds & Alternative Investments Africa 2023 (PIAFRICA2023) conference will cover a variety of pension-related issues, including alternative investments, risk management, legislative...

MTN, Airtel others to block SIMs without NIN Feb 2024

The Nigerian Communications Commission, NCC has urged MTN Nigeria, Airtel and other telecommunications companies to block phone numbers without National Identity Numbers, NIN. Also, those...

Currency in circulation rises to N3.87tn – CBN

Following the value of Nigeria's currency in circulation, which has increased to N3.87tn at the end of first quarter in 2024. This is according to...

FHA, states collaborate on 100,000 housing target

The Lagos State government and the Federal Housing Authority (FHA) have promised to synergise and collaborate to provide 100,000 afford­able housing unit across the...

REDAN-FCT appoints vice-chairman

Dr Gbadewole Kayode, was appointed as the new vice Chairman of the Real Estate Developers Association of Nigeria in Abuja. From the report, Kayode, who...

Yabatech gets N3.5bn entrepreneurship centre

In an act to foster development in the educational sector, Tunde Fanimokun, the Retired Permanent Secretary of the Lagos State Civil Service, has donated...

FG raises N1.5trillion in 2 FGN bond offers

The Federal Government realised N1.5tn through bonds at its February auction instead of the N2.5tn it was aiming. The Debt Management Office in a press...

Tinubu promises to enhance investments for the gas industry- Presidency

In line with the renewed hope agenda, the Bola Tinubu government will keep looking for methods to enhance the nation's economic environment and draw...