22nd July, 2011
The Executive Governor of Abia State, Chief Theodore Orji has disclosed that financial probity and accountability are the watchwords of his administration in line with the principles of the Institute of Chartered Accountants of Nigeria (ICAN).
The governor who was represented by his Deputy, Chief Emeka Ananaba, made the disclosure while declaring open the 6th Eastern Districts Conference of ICAN, in Umuahia, Abia State, on Wednesday, July 20. He said: â€œOur new Government is in a hurry to develop our state, catch up with lost time, and change the face of Abia State as a fast developing and sustainable economy. Financial probity and accountability have become our catch words in this new direction and makes us the ideal partners of ICANâ€™s principles.â€
He said that ICAN has always played a formidable role in the setting of financial standards and priorities that impact on financial accountability and probity in the running of the nationâ€™s economies. According to him, â€œthe need for this role (played by ICAN) has become even more urgent, especially in the face of recurring deficit budgeting at all levels of governments, and in the growing levels of corruption and other attendant issues of financial accountability or lack of it.â€
He described the Conference which has â€œPublic Private Partnership: Challenges and Prospectsâ€ as its theme as being timely, considering the dire need for collaborative efforts of both the public and the private sectors in developing the countryâ€™s economy.
Declaring that no nation could do well economically without the cooperation of the two sectors, the governor urged chartered accountants to use their expertise to proffer solutions to the lingering financial ills of the nation.
In his own speech, the Speaker of the Abia State House of Assembly, Mr. Udeh Oko Chukwu, a Fellow of ICAN, urged Chartered Accountants in the country not to shy away from politics but rather participate in it. He said that people may think that politics is too challenging, but that accountancy profession is far more challenging than politics.
His words: â€œ There is need for all hands to be on deck to take the country to the next level of greater heights. Accountants should get involved in politics and be more interested in how the country is being run. Those of us at the legislative arm of government are trying our best and will also ensure that the issue of Public Private Partnership is taken seriously as a tree cannot make a forestâ€.
Welcoming participants to the Conference, the 47th President of the Institute, Professor Francis Ojaide explained that the theme was carefully chosen to reflect the inevitability of Public Private Partnership option as related to financing economic developments, in almost all the parts of the world.
He urged the private sector to support government efforts as governments alone at all levels could not provide sufficient resources to meet the increasing needs of its people.
According to him, Public Private Partnership is not too new a phenomenon but has in the last two decades become widely deployed both in developed and developing nations in their various national development projects.
He therefore advised that if the Nigeria must move forward and achieve its economic target of being one of the 20 economic viable countries in the world by year 2020, government and the private sector must work together to achieve success.