ICSAN urges govt to help MSMEs progress

The President of the Institute of Chartered Secretaries and Directors of Nigeria, Funmilayo Ekundayo, has known as on the federal authorities to prioritise reforms within the energy sector and deal with macroeconomic challenges to help micro, small, and medium enterprises.

Ekundayo, talking at a press parley in Lagos on Thursday, emphasised the hostile results of unstable electrical energy on companies. She said, “The frequent collapse of the nationwide grid considerably hampers financial progress and stifles MSMEs. Addressing these energy challenges is vital to oiling the wheels of financial growth and enabling companies to thrive.”

She additionally highlighted the significance of diversifying Nigeria’s economic system past oil exports, noting that, “Now we have at all times advocated for diversification. The federal government must strengthen help for MSMEs, as they’re the spine of the economic system. This can stabilise the economic system and guarantee sustainable progress.”

Ekundayo lauded the institute’s achievements over the previous 12 months, together with its strides in advancing good company governance.

“Good company governance is critical for financial stability. Now we have cast related partnerships with stakeholders, recorded important penetration into the general public sector, and signed a memorandum of understanding with the Nationwide Institute for Legislative and Democratic Research along with the University of Benin. Moreover, our membership elevated by over 300, and we established our first chapter in Kaduna State,” she added.

Ekundayo additionally famous ICSAN’s ongoing refurbishment of its nationwide secretariat and revealed plans for the longer term.

“Our projection for 2025 consists of offering better worth to our members and contributing successfully to the economic system. The development of our new secretariat is ready to kick off subsequent 12 months and is anticipated to be accomplished inside two to a few years,” she disclosed.

The Vice President of ICSAN, Uto Ukpanah, reiterated the institute’s dedication to nationwide growth.

“ICSAN is on the core of constructing the nation higher via the promotion of governance and professionalism,” Ukpanah stated.

The Honorary Treasurer, Francis Olawale, careworn the necessity for fiscal self-discipline in governance. He said, “The federal government should cut back the price of governance to its barest minimal. Accountability and the adoption of know-how are essential to attracting traders and boosting the economic system.”

In her remarks, the chairman of the Publicity and Advocacy Committee, ICSAN, Nkechi Onyenso, famous that the institute is dedicated to sustaining company governance and making certain transparency inside its affiliation and the nation at giant.