Lagos State Government on Monday underscored the need for accountants to uphold the tenet of the profession hinged on transparency and accountability, saying that the professionals must see themselves as strategic partners of government in the attainment of its smart city vision.
Speaking at the 8th Annual Public Lecture of the Institute of Chartered Accountants of Nigeria (ICAN), Lagos State Public Service Chapter (LSPSC), held at Sheraton Hotel, Ikeja, Lagos, the Lagos State Head of Service, HOS, Mrs. Folashade Adesoye, represented by the Accountant-General, Mrs. Abimbola Umar called on accountants in the service of the State Government to upgrade their skills and knowledge of project management to enable them key into the direction of government in its infrastructural renewal drive.
The Head of Service described the theme of the public lecture: “Infrastructural Renewal & Quest for a Functional Smart Lagos”, as a true reflection of the focus of the present administration in the State under the leadership of Governor Akinwunmi Ambode.
According to her, the accountants must be fully involved in the financial management of the various projects being undertaken by all government agencies to ensure strict adherence to prudent financial management and accountability of public funds right from the inception of such projects till completion stage.
She maintained that the Institute of Chartered Accountants of Nigeria has been very instrumental to making sure that professionals produced by the Institute are of high repute and intelligent enough to key into the Smart Lagos vision thereby making life more meaningful for all Lagosians.
Adesoye noted that the demographic status of the State and its attendant implications impose the need to focus and embark on well-planned infrastructure renewal, in order to sustain its vantage position as the commercial and industrial nerve centre of the country.
“One of the takeaways from this discourse which I believe should be of professional interest is that the vision and its realisation are taking place during a wisely acknowledged austere period. It would, therefore, be appropriate to acknowledge the concept of Smart management of resources, to achieve smart objectives in Lagos State”, she said.
In his goodwill message, ICAN President, Alhaji Rasak Jaiyeola, urged the Accountants to be more alive to their responsibilities and duties saying that the Institute is very proud of them.
He expressed appreciation for the present administration’s various ongoing infrastructural developments across the State.
The Lead Speaker at the event and Lagos State Commissioner for Works and Infrastructure, Engr. Adebowale Akinsanya in his presentation highlighted some components of a smart city which he said include smart transportation/mobility system with connectivity that will reduce travel time, smart water supply, security, education, healthcare delivery, town planning, energy and e-governance.
Earlier in his welcome address, Chairman, ICAN, LSPSC, Mr. Shuaib Babalola Badmos extolled the roles of accountants and auditors in prudent and efficient Public Finance Management including timely financial reporting, probity and accountability.
According to him, the State Government’s quest for a functional smart city with very vast potentials of becoming the third largest economy in Africa is very much on course.
He maintained that this is in view of the fact that the State is presently home to over 65 per cent of the country’s businesses with the completion of critical development infrastructure that has created new economies in the State, facilitating growth and propelling its economy to enviable heights.