- October 17, 2022
- Posted by: admin
- Category: Economics, Finance & accounting, Financial
Nigeria is counting on your professional support to ensure that economic sustainability becomes a national culture, the minister of finance, budget, and national planning Zainab Ahmed has told the group of accountants that make up the Institute of Chartered Accountants of Nigeria (ICAN) as they assemble in Abuja for this year’s conference.
At the 52nd annual accountants’ conference, which ICAN and MTN Nigeria both hosted, the minister made the announcement.
The took place in Abuja.
According to the minister, the national development plan for Nigeria has established specific methods to accelerate the transition and push the country toward financial sustainability.
At the conference’s opening ceremony, she told the attendees that all hands must be on deck to broaden and strategically diversify the economy’s revenue base.
As governments, investors, and regulatory agencies have grown more interested in sustainability, Mrs. Ahmed asked the institution to pioneer advances in sustainability and sustainability reporting.
The minister, who was represented by Sarah Alade, the special adviser to President Buhari on Finance and Economy, said, “The nation is not only confronted by the necessity of inclusive growth but also bound to measure growth, not in absolute terms but in terms of its environmental price, the social consequence, and the potential implication for posterity and long-term stability.”
Ahmed reaffirmed the federal government’s commitment to the Sustainable Development Goals (SDGs) and the 2030 Agenda for Sustainable Development, stating that the anticipated cost of Nigeria’s SDG finance requirements is roughly $100 billion.
“This commitment culminated in the recent launch of the Integrated National Financing Framework (INFF) which aims to enhance revenue collection at the national and sub-national levels, digitalize, optimize and make the tax system much more effective, better coordinate the budget processes, and make public spending much more effective,” she said.