President Bola Tinubu has emphasised the indispensable role of accountants in fostering transparency, upholding integrity, and efficiently managing the nation’s resources.
Speaking at the 54th Annual Accountants Conference themed ‘Governance Reimagined: Mapping the Future’ on Tuesday, Tinubu, represented by the Minister of Budget and Economic Planning, Abubakar Bagudu, highlighted the profession’s critical contribution.
He noted that the expertise of accountants not only shapes Nigeria’s economic landscape but also strengthens the foundation of trust essential for the country’s societal progress.
Mr Tinubu said: “We convene at a time when the governance landscape is dramatically evolving, presenting challenges and opportunities that demand innovative solutions and proactive strategies.
“The advent of emerging technologies opens new avenues for enhancing accountability and transparency. We must foster robust collaboration and networking among policymakers, regulators, and professionals to harness these opportunities effectively.”
Additionally, the President stressed that the accounting profession equips its members with the skills to critically assess and contribute to the development of corporate or government strategies.
He further noted that many accountants play pivotal roles in the turnaround of struggling companies, making crucial decisions necessary for survival and competitiveness in today’s dynamic environment.
“The Renewed Hope agenda is our strategy for Nigeria to confront her reality: we are not where we want to be, we are not growing fast enough, and decades of underinvestment have limited the economy from delivering on its potential.
“The Necessary Choices, pleasant and otherwise, we made in the last 17 months were designed to stop the decline and put us on a path to higher, sustainable, and inclusive growth. It is encouraging that GDP growth for the first and second quarters of 2024 was positive while inflation turned downwards. The foreign exchange market is stabilising, and we see encouraging investment signals.”
