NEWS AGENCY OF NIGERIA
Nigeria’s economic outlook remains positive – ICSAN

Nigeria’s economic outlook remains positive – ICSAN

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By Rukayat Moisemhe

The outgoing President, Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Mrs Funmi Ekundayo, has projected a positive economic outlook for Nigeria.

This, Ekundayo said, was due to government’s macroeconomic reforms.

She said this during her valedictory media parley on Wednesday in Lagos.

Ekundayo noted that the country’s various reforms were beginning to gain traction and show results.

“The Nigerian economy has displayed a lot of resilience, right in the face of several challenges.
“With sustained political will and strength by government, these reforms are expected to gain momentum and deliver lasting impact in the country, “she said.
The ICSAN president, however, stated that Nigeria must imbibe good governance and compliance culture to drive economic stability and improve its growth outcomes.
She emphasised the importance of the country putting its best foot forward to tackle its insecurity challenges.
“I also call for increased efforts to diversify the economy to reduce its overly huge reliance on crude oil exports,” she said.
Ekundayo advised emerging entrepreneurs to embed governance principles from the early stage of their business into their operations to promote long-term survival.
She said structures such as decision making protocols, internal accountability mechanisms and good financial records would help strengthen governance within their organisation.
“Conducting regular internal reviews and observing legal and tax obligations from day one will also help them to be law-abiding and they will be able to defend themselves for regulatory breaches.
“No matter how small you are starting out, it is important to have these structures in place.
“As you continue to grow the business, you will see that investors will have confidence to put their money in your business,” she said.
Ekundayo stated that the institute, as part of its many significant contributions to national development, had championed good governance, built capacity and advocated policy reforms.
She ICSAN had helped to foster economic growth by promoting transparency, accountability and professionalism.
“In response to increasing demand for transparency across all sectors, ICSAN has actively positioned itself as a thought leader through strategic advocacy, intellectual engagement, and capacity development.
“Our approach has been to lead by example as an institute and to also serve as a critical voice in national and public governance discourse,” she said.
The ICSAN boss stated that as she bowed out of service, her overarching legacies were of passionate service, institutional consolidation and purposeful continuity.
She listed some of her achievements during her tenure as the president to include the foundation laying of the institute’s N3.5 billion secretariat, increased membership and international exposure among others.
She expressed belief in the competence and capacity of the incoming administration to be led by President Elect, ICSAN, Mrs Uto Ukpanah and Vice President Elect, ICSAN, Mr Francis Olawale.
“The legacy I leave behind is anchored on the belief that good governance is not just a destination, but a journey that demands consistent efforts, courageous leadership and an unwavering commitment to ethical values.
“I believe that the president-elect will continue from where I stopped and achieve even greater feats in office.
“I urge everyone to continue to embody the ideals that define us, which are ethics, professionalism, dignity, and service to society,” Ekundayo said.(NAN)

Edited by Esenvosa Izah/Chinyere Joel-Nwokeoma

FG’s policies, reforms will impact populace in 2025 – ICSAN

FG’s policies, reforms will impact populace in 2025 – ICSAN

492 total views today

By Rukayat Moisemhe

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) says the populace will begin to feel the impact of the Federal Government’s different sectoral reforms to boost and revamp the economy in 2025.

ICSAN president, Mrs Funmi Ekundayo, made the assertion at the institute’s media parley on Thursday in Lagos.

Ekundayo stated that the different sectoral reforms which required gestational period would begin to gain a lot of traction in 2025.

She urged citizens to continue to be resilient for a positive horizon and a more prosperous Nigeria where the different reforms would have taken shape.

“Government has been doing a whole lot with regards to reforms but the room that is largest in this world is the room for improvement.

“We must improve the narrative as regards the country’s macroeconomic indicators and government must address inflation figures and continue with the right reforms in place to stabilise the economy.

“In a bid to diversify away from oil export, government must do better in the area of mechanised agriculture and provide the necessary support such as power and other essential infrastructure for Micro, Small and Medium Enterprises (MSME) and manufacturing.

“We must develop the country’s human capital, spur innovation and ensure productivity is on the high side to create new economic growth opportunities,” she said.

The ICSAN president also urged government to address the cost of governance, ensuring it is at the barest minimum, to encourage the citizens to make the sacrifices required of them.

She added that government must expend more efforts to encourage digitalisation, while engendering policy sustainability.

“There is no environment with higher yields than Nigeria, but policy summersaults have been observed to affect investors interests.

“If we have a sustainable policy regime, investors will troop in and the economy will flourish better,” she said.

Addressing the new minimum wage increment, Ekundayo said the development was expected to significantly improve the purchasing power of Nigerians, particularly civil servants.

She noted that while the increment would help improve quality of life, standard of living, boost economic growth and increase productivity, it had the potential to inflate the economy.

Speaking on the institute’s achievements in the last one year, the ICSAN president said the institute had been able to record some remarkable milestones, forging partnership with various stakeholders.

She added that ICSAN had increased its penetration into the public sector to further entrench good public governance in the sector.

“We also unveiled our master’s in governance programme, signed several Memorandums of Understanding, got over 300 new members, collaborated with several state governments and began our penetration in the northern part of the country,” she said.

Ekundayo revealed that the institute’s old secretariat had been demolished, the award of contract signed off and work would soon begin.

She called for support in achieving the projected ICSAN tower, while the institute continued to partner with relevant stakeholders, provide value to members and make its contributions to national development.

She lauded the media for its worthy partnership in propagating the ethos of good corporate governance and pledged that the relationship would be deepened in the coming years. (NAN)(www.nannews.ng)

Edited by Oluwole Sogunle

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