If Nigeria must be transformed economically, all its existing institutions must be strengthened while new ones are created with a more enduring framework. This is part of the recommendations made at the just concluded 7th Eastern Zonal Accountants Conference of the Institute of Chartered Accountants of Nigeria (ICAN), held in Yenagoa, Bayelsa state.
It was also agreed that since foreign investors react positively to economic transformation, there should be greater financial reporting transparency in all sectors of a nation’s economy. Declaring the conference open, the Governor of Bayelsa State, Hon. Henry Seriake Dickson said that Chartered Accountants should move closer to governments at all levels and offer advice to them on financial policy formulation.
According to him, Chartered Accountants had been wonderful and useful to governments in the past and should continue with the feat. The Governor assured participants at the conference that the state would not rest on its oars to produce more on yearly basis.
In his welcome address, ICAN President, Mr Doyin Owolabi explained how far the Institute had gone in terms of capacity development as part of its mandate.
He also said that the Institute was not oblivious of the challenges facing the local environment, hence its resolve to conceptualize a programme to cater for the needs of the states perceived to have a dearth of Chartered Accountants required to drive the economy.
On the conference theme, “Good governance: A panacea for economic transformation”, the ICAN President said it was carefully selected to underscore the place of good governance in the economic transformation of the nation.