ICAN Commends Ogun Financial Policies

President of Institute of Chartered Accountants of Nigeria (ICAN) Mazi Nnamdi Okwuadigbo has applauded various financial initiatives and policies of Governor Dapo Abiodun-led administration in Ogun State.


The ICAN President gave this commendation while leading a delegation of the body to the Governor’s office at Oke-Mosan, Abeokuta, noting that the institute was enthused with the rich agenda of Prince Abiodun, as enunciated in his inaugural address, coupled with the steps taken so far, since his assumption of office.


“As accountants, we are pleased with your disposition to financial management as clearly stated in your inaugural speech, there is no doubt that this set objectives are achievable. At ICAN, we pledge our professional support”, the President said.


He promised that the body would continue to collaborate with government in the areas of capacity building, promotion of transparency and best practices of accounting system in the State’s public service.


Receiving the body of accountants on behalf of the Governor, the State’s Chief Economic Adviser Mr. Dapo Okubadejo said, part of the steps taken was the willingness of the present administration to activate the Bureau of Public Procurement that would guarantee financial prudence and the adoption of Medium Term Expenditure Framework in the State’s financial management.


The Governor disclosed that another best practice being adopted by his administration was the decentralization of  budget town hall meetings in accordance with World Bank guidelines which stipulates that budgetary preparation should be taken to the people in their various localities.


Governor Abiodun maintained that his administration would welcome any initiative that could improve the capacity of accountants within the State’s public service noting that Ogun State alone has of over 130 charted accountants working in the State’s public service which he said no other State of the federation could boast of this figure.


Also speaking, the ICAN Chairman in the State Mr Femi Ogunsanya expressed his members’ performance in ensuring transparency in the financial management of the public service of Ogun State.