Mrs Onome Joy Adewuyi has emerged as the 56th President of the Institute of Chartered Accountants of Nigeria (ICAN) as new officers were elected to run the affairs of the institute for the next one year.
At her investiture which held at the institute’s secretariat in Lagos, Adewuyi in her acceptance speech and inaugural address promised to partner with the government to redefine national values, economic priorities and resource utilisation strategies in tackling poverty.
Adewuyi stated that ICAN would leverage its professional expertise to support players in the informal sector, saying that it will define the position of the nation on the ladder of sustainable development.
She also seized the occasion to say that all hands have to be on deck in order to address the level of poverty in the country.
According to the 2019 World Bank Human Development Report, 53.5 per cent of Nigerians live below poverty line of US$1.9 a day. I am inclined, like many analysts, to believe that the situation is even worse considering the high rate of crime and criminality all over the country. The situation is better imagined if we take cognisance of the possible effect of COVID-19 in the near term.
Adewuyi further explained that the institute, this year, would formalise its online training and incorporate them into the annual training brochure as part of efforts to reposition ICAN capacity building initiatives, while also adding that the Members’ Education and Training would be strengthened with cutting-edge virtual training programmes.
These would run together with the established traditional model of delivering trainings. Also, the ICAN faculties would be equipped to become centres of excellence for virtual training in the seven specialist areas of Accounting.
She, however, added that the lesson of the COVID-19 pandemic has challenged the institute to redefine the values it shares, the way it relates, and account for its actions and inactions.
Evidently, the proactive deployment and proficiency in the use of technology will continue to define corporate and individual success. This emerging paradigm has implications for how we relate and bond as professionals who share a common vision of working together to build a great nation with a sustainable economy driven by strong institutions.