Business Headline News Nigeria

Restoring trust in governance will benefit everyone- ICAN President

The President of the Institute of Chartered Accountants of Nigeria, ICAN, Mrs Comfort Olu Eyitayo says Restoring trust in governance will benefit everyone in diverse ways and create a society where there is increased social order, labour harmony, inclusive growth and development.

Mrs Eyitayo was speaking at the ongoing fifty first annual conference of ICAN in Abuja with the theme, ‘Trust in Governance’.

The ICAN President said enhancing Trust in Governance will enhance help in the international trade, commerce and Foreign Direct Investments (FDIs) as well as boost diplomatic relationships.

She added that the changing landscape brought about by digital innovation, it was high time business and political leaders rethink and prioritize governance as more people now had access to real-time information and unprecedented capacities to verify the authenticity of such information.

In his presentation, the President of the African Development Bank, Dr Adewunmi Adeshina said Government and Institutions must earn the trust of the youth of Africa and use them as a potent force for national development by investing in them.

He said the African Development Bank was exploring with Nigeria and other countries the establishment of Youth Entrepreneurship Investment Banks — banks for young Africans, run by young Africans, that provide long-term financing that will help unleash the business entrepreneurship potential of Africa’s youth.

In an address delivered virtually, The President, International Federation of Accountants (IFAC), Mr Alan Johnson said Trust was important not only for Governments but also private institutions.

He called on Accountants to uphold the virtues of ethics and transparency as change agents in society.

Reporting by Biodun Dare; editing by Abdullahi Lamino