| Communication

“Strong Institutions Create Strong Economies,” VC

President/Vice Chancellor, Professor Ademola Tayo has hinged Nigeria’s economic recovery on the quality of her institutions.

He stated this while delivering his keynote address at the 9th annual international academic conference of the Institute of Chartered Accountants of Nigeria (ICAN) in collaboration with Babcock University and African Accounting and Financial Association (AAFA).

According to him, only countries with strong institutions will experience stable economies.

Speaking on the theme, “Building a Virile Economy Through Industrial Revolution, Technology Advancements and Creative Capacity Development, Professor Tayo said Nigeria needs strong institutions to rejuvenate the economy.

“Countries with stable economies have strong institutions. Therefore, as a matter of urgency, Nigeria needs to improve its institutional quality and ICAN has a big role to play in that respect,” he said. 

“Any institution worth its salt should bring her professionals to impact the walls of the classroom, like ICAN has always done,” he stated.

He charged participants to strengthen the relationship between theory and practice through bringing industry professionals to the classroom to rejig the academic world. 

Other key stakeholders also aired their views. 

Chair of the Research Committee, Mallam Haruna Yahaya, noted that the programme offered transformational opportunity for industries and the financial landscape through the intersection of theory and practice by participants.

Similarly, the Organizing Committee Chair, Professor Festus Adegbie, agrees that the conference theme is in line with one of the AAFA’s objectives to contribute to the Nigerian economic growth and development.

He therefore urged all to seize the opportunity of the gathering to galvanize their intellectual energies to chart new frontiers of understanding and innovation.