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Economic Hardship: Accountants, Best To Lead A Country Out of Recession And At Other Times – Ms. Patricia Adenike Balogun
A United Kingdom-based Nigerian accountant and investment expert, Ms Patricia Adenike Balogun, has urged Nigerians to have faith and confidence in the capacity of President Bola Ahmed Tinubu to turn around the economic fortune of Nigeria.
According to her, the president is well endowed with all accounting and management tools, including the right leadership qualities to transform the Nigerian economy to a prosperous one.
Speaking from London in a Zoom interview with Nigerian journalists in Abuja, Ms. Balogun said, accountants are the best set of professionals that can lead a country out of recession and during the time of prosperity because they are visionaries, innovative and risk takers.
Ms. Patricia Balogun, an Accountant herself, also expressed confidence that the President could leverage on his background in the profession to task his professional colleagues on planning policies capable of reviving several sectors of the Nigerian economy made comatose by the harsh situation bedevilling the country.
She, additionally, asked that the government should reduce the tax burden on small businesses in order to help them navigate and survive the current economic challenges.
Ms. Balogun regarded as an advantage the background of the President as a former Accountant with Mobil Oil Producing and other establishments.
She said: “Accountants like President Tinubu are best to lead a country out of a recession. They are visionary, innovative and risk-takers. Although traditionally viewed as professionals who focus on numbers and data, their role is more dynamic. President Tinubu has been trained with the capacity to drive growth and embrace innovation. Their analytical skills as Accountants give them the capacity for data-based decision-making.”
She credited the accounting profession with facilitating the development of trail-blazing IT software currently driving innovations such as the Treasury Single Account (TSA) embraced by the Nigerian government, as well as FinTech and e-commerce platforms.
On the TSA, she said: “The accountants within the public sector put ideas together, and came up with that Treasury Single Account system to help ensure better transparency and accountability in the area of the management of funds within the country, as well as to curb corruption.”
According to her, the nation should not underrate the advantages that accountants and the accounting profession can bring to bear on the nation’s search for socio-economic solutions.
Balogun said: “Accountants have the capacity to drive growth and we are innovative. The analytical skills of accountants that make them excel in analysing data are very crucial in a time of economic uncertainty because we use the data we analyse to back the decisions we make. We have the risk assessment method of finding financial risks, along with different scenarios, to produce healthy outcomes. We have very good capacity in strategic planning.
“We know how to use multiple scenarios and models to differentiate which features will facilitate planning for risk-mitigation. We are very good at problem solving. When you have financial challenges, if you bring an Accountant, they are able to use their skills to basically adapt and find changing landscapes in implementing different corrective measures in terms of the time of economic action.
“In terms of being leaders, we create, we use data, we analyse data, and we are able to use them to bring financial health back to a business, to an organisation or to the country at large.”
Balogun recalled that accountants had been drivers behind the adoption of the Financial Reporting Standard (FRS) that has enhanced transparency and accountability within companies and within the country generally.
“During the privatisation policies of the 1990s and early 2000s, the accountants put together measures to help in ensuring that business outcomes were achieved,” Balogun said.
News
Ringo Sport Club, National Parks Service Team Up to Promote Eco-Tourism, Combat Climate Change
By Joel Ajayi
The Ringo Sport Club–Nigeria and the National Park Service (NPS) have begun moves to strengthen collaboration on eco-tourism promotion, environmental protection and climate change mitigation ahead of the maiden Nigerian Para-Military Ringo Sport Tournament (NIPAMRIST) 2026.
The National President of Ringo Sport Club–Nigeria and Chairman of the National Inter-Agency Organising Committee (NIAOC) of NIPAMRIST, Malam Ahmed Mohammed Sule, led a delegation on a courtesy visit to the Conservator-General of the National Park Service, Dr Ibrahim Musa Goni, at the Service’s headquarters in Abuja.
The visit was part of ongoing stakeholder engagements to secure the participation of personnel from para-military agencies and explore areas of cooperation ahead of the three-day tournament scheduled for November 19 to 21, 2026, at the Moshood Abiola National Stadium, Abuja.
Sule said the tournament was designed to bring together officers and personnel of Nigeria’s para-military agencies to compete for honours while promoting inter-agency cooperation, national unity, physical fitness and general well-being.
He explained that the engagement with the National Park Service was aimed at strengthening preparations for the inaugural competition and building a lasting partnership that would extend beyond sports.
According to him, the National Park Service is a strategic partner in advancing the tournament’s objectives, particularly through the integration of sports and tourism to showcase Nigeria’s natural attractions and encourage environmental awareness.
Sule disclosed that the Service had registered for the tournament and that some of its personnel had benefited from the intensive Ringo sport training programme organised by the club.
He urged the Conservator-General to mobilise more personnel for the competition, stressing that adequate preparation and mass participation would contribute to the success of the tournament.
The Ringo Sport Club president added that NIPAMRIST offered an opportunity to use sports as a platform for promoting Nigeria’s eco-tourism potential, improving the fitness of security and para-military personnel, and encouraging stronger institutional partnerships.
He called for sustained collaboration between the club and the National Park Service to leverage the tournament’s visibility in promoting the country’s protected areas and supporting tourism development.
Responding, Goni expressed appreciation for the visit and reaffirmed the Service’s commitment to the success of NIPAMRIST 2026.
He pledged that the National Park Service would encourage active participation by its personnel, describing the tournament as an avenue to improve physical fitness, discipline, teamwork and esprit de corps among staff.
The Conservator-General also welcomed the proposal for deeper cooperation on eco-tourism, noting that the Service had continued to pursue partnerships that support biodiversity conservation, sustainable livelihoods and tourism development across Nigeria’s protected areas.
Goni linked the growing effects of climate change to environmental degradation and the neglect of environmental protection principles, noting that damage to ecosystems and the depletion of natural protective cover could contribute to displacement, migration and conflicts.
He said the relationship between sports and eco-tourism presented an opportunity to raise public awareness about Nigeria’s national parks while encouraging healthy lifestyles among service personnel and the wider population.
Goni assured the organising committee of the Service’s readiness to explore practical areas of cooperation before, during and after the tournament.
He also clarified that Nigeria has 17 national parks, with about 13 currently in active operation, correcting what he described as the misconception in some quarters that the country has only seven parks.
The visit ended with both parties agreeing to establish a working framework for the Service’s participation in the tournament and sustain discussions on eco-tourism promotion and other areas of mutual interest.
The organising committee expressed optimism that the partnership would strengthen NIPAMRIST 2026 and support its broader objectives of sports development, institutional cooperation and tourism promotion.
NIPAMRIST is the maiden inter-agency Ringo sport tournament organised by Ringo Sport Club–Nigeria for officers and personnel of Nigerian para-military establishments.
The 2026 edition is expected to feature 120 players and officials from eight agencies, including the National Park Service, Nigeria Customs Service, Federal Road Safety Corps, Federal Fire Service, Nigeria Immigration Service and Nigeria Security and Civil Defence Corps, among others.
The tournament is scheduled to run from November 19 to 21 at the Moshood Abiola National Stadium in Abuja.
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