Accountants can help transform Nigeria

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Moroti Adedoyin-Adeyinka

 By John Ofikhenua

Sahara Group Executive Director, Moroti Adedoyin-Adeyinka, has said accountants can help transform and reposition Nigeria for accelerated growth. According to her, accountants have a strategic role to play in Nigeria’s quest of addressing economic challenges and repositioning the nation for growth as well as local and foreign investments. Speaking in Abuja at the just concluded conference of the Institute of Chartered Accountants of Nigeria (ICAN), she noted that the expertise and insight of accountants are attributes needed transform the nation. She spoke on the topic: ‘Future-ready Professional Accountants: Emerging Skills and Opportunities.’

Her words: “Nigeria faces an array of pressing economic challenges: endemic poverty, escalating unemployment rates, pervasive insecurity, and a glaring infrastructure deficit. Amidst these challenges, professional accountants are the beacon of hope. Our expertise provides the insights, analysis, and foresight necessary for informed decision-making. We have the potential to steer both businesses and governments toward sustainable growth and inclusive development.”

Adedoyin-Adeyinka observed that as Nigeria navigates the vast complexities of the 21st century, from technological revolutions to socio-economic challenges, the role of accountants has never been more pivotal. She outlined some of the emerging skills and opportunities for accountants to include innovation and creative thinking, technological literacy/proficiency, strategic thinking, cross functional collaboration, among others.

For opportunities in the new landscape, she said: “the accountant of the future is not just a number cruncher but a strategic advisor.  Businesses and governments alike seek our expertise to navigate complex financial terrains, optimize operations, and achieve sustainable growth. As global consciousness shifts towards environmental sustainability, there’s a rising demand for transparent sustainability reports. Accountants play a central role in ensuring that businesses adhere to global standards and communicate their environmental impact effectively.”

Adedoyin-Adeyinka also talked about public sector transformation, stressing that “the public sector remains a goldmine of opportunities. Accountants can drive reforms, champion transparency, and instill fiscal responsibility, thus reshaping the public finance landscape for the better.” On collaboration with other professions, the Sahara Group official explained that the multifaceted challenges of today had necessitated interdisciplinary solutions.

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