ECONOMIC CHALLENGES: ICAN canvasses unconventional policy models

 

ECONOMIC CHALLENGES: ICAN canvasses unconventional policy models

 

By Providence Adeyinka

The Institute of Chartered Accountants of Nigeria, ICAN, has canvassed application of unconventional models in addressing Nigeria’s economic challenges.

Speaking at the ICAN 2021 Mid-Year Economic Discourse with the theme: “X-Raying The Nigerian Economy: Problem And Prospects”, ICAN President, Mrs Comfort Olu Eyitayo, listed the challenges requiring such model.

 

She stated: “The distortions in social, political and economic dynamics call for unconventional models for addressing the seemingly intractable national problems.

“The security challenge is assuming a worrying dimension every day, the volatility in the foreign exchange market is impacting businesses negatively, high inflation rates are making nonsense of investors’ decisions, low-level of budget implementation and monitoring have resulted in poor living standards, the infrastructural gap has made meaningful development a mirage, among others.”

 

 

In his remark, Past President of ICAN, Mr. Felix Bajomo, also said that unconventional modules must be used to address Nigeria’s problem, saying: “bad economy leads to loss of respect for country, its GDP, indirect enslavement, among others

“When you have a decline in the value of your currency there is a problem because the prosperity of a country is measured by its currency.”

 

Nigeria News Paper