The Nigerian Accountant 2012 - The Institute of Chartered ...

Conference
to champion the course of developing a blue-print on
how to eradicate corruption in Nigeria.
In his keynote address, the ICAN President, Prof.
Francis Ojaide, who was represented by the Institute’s
Vice President, Mr. Doyin Owolabi, congratulated
the organising committee for putting together the
conference which is aimed at critically looking at
the role of Chartered Accountants in enhancing
the resources and revenue of the states. He noted
further that resource control is the heart of ethics,
macroeconomics and politics. “It is indeed, all about
justice, social inclusion and giving every Nigerian his/
her rightful due at all times” he stated.
Declaring the Conference closed, Mr. Ladi Smith
reiterated that, in line with the conference theme and
the address of the Kano State Governor during the
opening and various papers presented, the Nigerian
economy would only move forward if corruption could
be tackled through proper resource productivity and
revenue assurance.
Ladi Smith (left) presents a gift to Engr. Rabiu Musa Kwankwaso, Kano State
Governor with other Kano District Society members in attendance
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA
Communiqué
of the 7 th Northern Districts Accountants Conference
PREAMBLE
The 7 th Northern Districts Accountants Conference of the
Institute of Chartered Accountants of Nigeria (ICAN) was held at
the Royal Tropicana Hotels Ltd., Kano Lagos from April 16–19,
2012. The theme of the Conference is Resource Productivity
and Revenue Assurance at States Level: The Role of
Chartered Accountants.
PARTICIPATION
The conference recorded 128 participants and officials,
comprising of Chartered Accountants, students and other
professionals. After exhaustive deliberations and discussions,
participants came up with the following resolutions and
recommendations:
1. State Governments are encouraged to look inward and tap
into the opportunities offered by improved tax collection system,
developed agricultural industry and vibrant manufacturing
sector.
2. State Governments should, as a matter of priority,
embark on the process of reduction in the cost of governance
for revenue assurance.
3. Chartered Accountants should be engaged and
encouraged to support the efforts of States in the collection of
taxes, levies and other internally generated revenues.
4. The conference recommended the urgent review of the
1999 Constitution with the view of adopting a Parliamentary
system of government which is perceived to be less expensive
to run.
5. Chartered Accountants are advised to adhere strictly to
their professional ethics in order to remain relevant in the fight
against corruption.
6. States are encouraged to overhaul the legal, regulatory
and tax systems within their jurisdiction with the aim of providing
enabling environment for local and foreign investments.
7. States should strive to complement efforts of the
Federal Government in the area of improvement in physical
infrastructures, with particular emphasis on power and
transportation.
8. States should take steps at addressing the current
security challenges affecting economic activities which have
further impacted negatively on their income-generating capacity.
9. Chartered Accountants are advised to go into active
politics with the aim of influencing the implementation of
policies that will fast track the resource productivity and revenue
assurance at states level.
THE NIGERIAN ACCOUNTANT 23
April/June, 2012