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Home Business and Finance

Remarks by President Muhammadu Buhari During His Audience With the Institute of Chartered Accountants of Nigeria (ICAN)

thescript by thescript
October 21, 2018
in Business and Finance
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In the present circumstances, all hands must be on deck to ensure Nigerians work towards an inclusive, diversified and sustainable future.

I am particularly pleased to learn that the communique at the end of the conference talked about environmental issues facing our nation.

It is very clear to all of us that climate change and environmental challenges are major threat to the peace and prosperity of our nation and its citizens.

In the Niger-Delta region, man-made environmental problems have adversely impacted the livelihoods of the inhabitants. Farmers and fishermen in particular have seen their means of livelihood destroyed. Our assessments have shown it will take decades to reverse this damage. But we have made a start. With or without international cooperation, we are starting to clean up our degraded areas, beginning with Ogoni.

In the North Central region, we are also seeing a significant increase in farmer herdsmen clashes. This trend, which is recurring in many West and Central African nations is as a result of desertification.

We are also seeing unpredictable rain patterns resulting in significant floods across our riverine communities. These floods have destroyed hundreds of homes and farmlands.

As Chartered Accountants, your knowledge of environmental and sustainability business practices is critical. You have a responsibility to ensure your clients, in both the public and private sector, prioritise environmental sustainability in their operations.

In the past 3 years, this administration has worked hard to enhance the transparency and efficiency of public sector financing through the Treasury Single Account.

We have also introduced policies that are improving the business environment. We have implemented projects that enable young entrepreneurs. We will also continue to review obsolete laws that are hindering growth in many sectors.

I want to thank you for all your support and guidance. I will direct the Economic Management Team to review and address the concerns you raised in your remarks, with a view to implementing your recommendations.

Finally, be rest assured that we will continue to partner with prestigious institutions like ICAN for the development of this nation.

I thank you all.

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