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ICAN blames FG’s improper planning for Nigeria’s economic woes

By Michael Eboh
The Institute of Char tered Accountant of Nigeria (ICAN) has blamed the absence of feasible economic and financial planning, on the part of the Federal Government, for the current crisis faced by the Nigerian economy, especially with respect to the global financial meltdown.

President Yar Adua
President Yar Adua

Speaking during its investiture as the 15th Chairman of ICAN, Lagos Mainland District Society, in Lagos, Chief David Alaribe disclosed that the effect of the global meltdown on the Nigerian economy would have been minimal, if the federal government had carried out effective monitoring of economic activities in addition to strategic planning.

He said, “Our government does not plan, that is one of the major problems we have in this country, you can see that from the issues we have in our national budget every year. If government was the planning type, it would have reflected positively on our nation, and our activities would have been significantly improved. A key function of government at any level is to ensure adequate planning, control and monitoring, and so, our government has a huge role to play in terms of these.”

Alaribe lamented the absence of credible and committed leaders in the country, who have the interest of the nation at heart, blaming it for the inability of the country to take advantage of the vast opportunities at its disposal.
“Government had to ensure that it adds value to the system, ensuring that the system is better improved and the standard of living of the average Nigerian is improved.

I think that the government and the leadership of this country have to play the role of the accountant to ensure that things move as they should. They have to be involved in making prudent decisions that will positively impact on the nation.”

On his plans as the new helmsman of District, he announced its determination to improve on the activities of his predecessor to ensure that projects that had already begun will be completed, while newer ones will be established.
He said “We plan to consolidate on the programmes from the previous years, and also be involved in visiting schools, corporate organisations and selected individuals with the aim of propagating the activities of ICAN.”


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