Tag: ICAN

‘Electricity tariff hike will worsen misery for Nigerians’ – ICAN warns

Aminu Imam

The Institution of Chartered Accountants of Nigeria, (ICAN), has warned that a hike in electricity tariff would further worsen the misery of Nigerians, especially Small and Medium Enterprises. President of ICAN, Dr. Innocent Okwuosa, made this known in a recent statement. Recall that the Nigerian Electricity Regulatory Commission, (NERC), had said eleven electricity distribution companies had written a letter to the government requesting tariff reviews. Okwuosa said any move to increase electricity tariff will hurt businesses and Nigerians directly. He advised President Bola Ahmed Tinubu’s Federal Government to stall any proposal…

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ICAN commends FG’s floating exchange rate

Aminu Imam

The Institute of Chartered Accountants of Nigeria, (ICAN), has commended the President Bola Tinubu’s led administration for floating the exchange, but warned it will not be a magical solution to solving the country’s complicated problems. The Institute’s 59th President, Innocent Okwuosa, in his speech recently at a press conference held at the Institute’s secretariat office, Victoria Island-Lagos, said that the Government should minimise the negative short-term impacts in order to realise the long-term benefits. Okwuosa highlighted key implications of the unification on the Nigerian businesses and economy such as being…

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