THE NIGERIAN SOCIO-ECONOMIC AND POLITICAL LANDSCAPE: WITHER THE CHARTERED ACCOUNTANTS
DOI:
https://doi.org/10.51594/farj.v4i3.387Abstract
The socio-economic and political landscape of Nigeria, is replete with, corruption, poverty, unemployment, insecurity and poor governance. A combination of the aforementioned issues are capable of crippling investments and ensure declining growth in the economy. How would the Chartered Accountants help in salvaging the situation? Given that the Chartered Accountants are 'numbers people' and are capable of reducing 'everything concerning any economy’ to numbers, perhaps, the answer may be in the affirmative. But, given the recent and trending allegation levelled against the now suspended Accountant-General of Nigeria(AGN), who will " police the police "? The main argument of this paper, therefore, is that, not even the Chartered Accountants alone can enhance public sector accountability in Nigeria, without the supporting role of all stakeholders, including other professionals. On the part of government, institutional strengthening is a key part of a country's anti-corruption strategies. Strengthening, through reforms in the judiciary, the anti-corruption agencies and good living wages for civil servants will do it. Given the complex and interconnected world, tackling the aforementioned socio-economic and political issues requires strong collaboration and commitment from the public, private and regulatory authorities.
Keywords: Accountability, Corruption, Insecurity, Transparency, Nigeria Economy.
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Copyright (c) 2022 Egbon Peter Chukwuyem, Obi Callistar Kidochukwu
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