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ANAN Wants Autonomy For AGF

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The Association of National Accountants of Nigeria (ANAN) has called for autonomy for the Office of the Auditor-General of the Federation (AGF).

Its president, Hajiya Maryam Ibrahim, made the call on Sunday in Abuja when she fielded questions at a forum.

She said that autonomy of the Auditor-General would allow the office to act independently and perform better.

“Until the government of this country allows the auditor-general to bite, it will be difficult for the office to operate at optimum level.

Ibrahim said civil society groups and professional bodies should also rise to their responsibilities and demand accountability over how the nation’s treasury is run.

The ANAN president also congratulated the Auditor-General of Nigeria for successfully introducing performance and environmental audit.

“The performance audit is very germane to accountability and the National Assembly needs to carry out its own oversight functions.

“And I’m so happy that there’s a turnaround from the National Assembly because what they started doing for the past six weeks now had never happened in this country.

“So if only they can sustain it then that will be helping the Auditor-General of the Federation of the states and the local governments.

“Then that is an awakening call to the states auditors-general, the local governments auditors-general to equally perform their own aspect of the duty and do their reporting as effective as possible; pursue all the monies released by the governors by the chairmen of local governments.

“When they do that it eases the work of the auditor-general because as much as he does his work and compares his own report with the report he receives from the field, compared with what the National Assembly members have given, it gives him that power.

“They both have to work hand-in-hand to be able to checkmate the executive; that is the essence.

“Civil society groups must rise to their civic responsibilities to ask questions, we must all begin to ask questions.

“The professional bodies, especially the accountants, should start to ask questions and that is why I said our working together will be of great benefit to this country because that will be the beginning of an era where the poor man will find people to talk on his behalf.’’

Ibrahim said that there was the need for the inauguration of the Financial Reporting Council to realise the goals of International Financial Standards Reporting (IFRS).

She said that for it to take off, a board would be needed to formulate the policies, or else there would be problems.

Ibrahim said the reporting standard was very important because that was the only way all the desired professional goals would be achieved.

“It is the government that holistically adopted the International Financial Standards Reporting which is a good thing even though it came, too short for the country’s adoption, because we were not prepared.

“The professionals were not prepared, because even for the developed countries they did not holistically adopt it, but then we have adopted it.

“And the professional bodies feel that we must immediately start to train our professionals and for us in ANAN we quickly had to review our syllabus to incorporate the International Financial Standards (IFRS) curriculum.

“And we are all doing that so that the products we now turn out will have the real knowledge of what it is all about, not just the knowledge, practically they will come out well grounded.

“If the government has accepted it and we have passed an Act; there is a Financial Reporting Council Act of 2011, for it to take off you needed a board to formulate the policies and if you don’t have a board to formulate the policies, it’s a problem.

“Our major companies at least by 2012, we started reporting on IFRS.

“ANAN had to convert its own 2011 account into IFR standard so that our members could use that as an example.

“It’s something we are doing vigorously to generate information, ideas from our members so that we are not caught unawares.’’

Ibrahim, former Auditor-General of Kogi also advised all professional accountants to stay clear of any form of corruption but be accountable to themselves, to their organisations and to the nation.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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