By Gbemiga Olamikan.
The 60th/Diamond President of ICAN, Chief Davidson Chizuoke S. Alaribe, FCA has call for a critically rethink conventional governance structures, reimagine models, and adopt innovative approaches to address emerging challenges by priorities institutional reforms, citizen engagement, technology-driven governance, economic diversification, and human capital development, to create a more resilient, equitable, and sustainable future for all.
Also urged Leaders to take decisive action in addressing critical economic challenges noted that government must focus on fixing the nation’s refineries and, at the same time, encourage private sector investment in that sector. He said this will ensure an adequate supply of fuel at affordable prices, reducing our dependence on imports and creating stability in the energy market.
Diamond President Alaribe said this during opening ceremony of 54th Annual Accountants Conference [AAC] of the Institute of Chartered Accountants of Nigeria [ICAN] held in Abuja that witnessed over 9000 delegates across countries of the world on a theme ‘Governance Reimagined: Mapping the Future’.
Chief Alaribe said, the theme of this Conference – Governance Reimagined: Mapping the future and the plenaries, is aimed at exploring issues such as Economic Reforms, Social Contract and Nation Building, Human Capital Development, Agribusiness and Value Chain, Export Business among other sub-themes that are all geared towards creating opportunities and charting a part for building a boisterous and formidable economy
Speaking on economy further, He said, “There is a pressing need to revisit the current exchange rate determination process. A thorough review will help establish a true value for our Naira, which is essential for strengthening our currency, boosting investor confidence, and enhancing the overall economic stability of our nation.”
“The public sector must be service-oriented and accountable, guided by clear Key Performance Indicators, ensuring that public resources deliver real value to the people. The private sector, in partnership with the government, must innovate and invest in key areas of our economy to boost productivity and foster sustainable growth.
He therefore urged the government to establish a National Economic Recovery Committee, comprising representatives of professional bodies, traders, religious and civil society organizations, the academia, students, traditional rulers, and private sector organizations. He said this committee should analyze the current state of the economy and provide actionable recommendations for improvement, with the assurance that its report will receive prompt consideration and implementation.
Furthermore, the government should facilitate the establishment of a National Airline through private sector participation, revitalizing Nigeria’s past glory in air travel. He said, let us give greater encouragement to Small and Medium-sized Enterprises (SMEs), which is the backbone of any economy and hold the key to sustainable economic growth.
