Business

ITPN Now A Prestigeous Member Of The Abuja Chamber Of Commerce

Published

3 years ago

February 4, 2022

The Institute for Tourism Professionals of Nigeria (ITPN) has been admitted into the membership of the Abuja Chamber of Commerce and Industry (ACCI)

In a statement from Chief Abiodun Odusanwo, National President of ITPN, said membership of the Abuja Chamber of Commerce and Industry has conferred on the Institute an important position to be a part of the chamber movement in the representation of the Travel-Tourism and Hospitality industry and its related trades in voicing the opinion of the sector as well as getting represented in national economic policy making process.

Chief Odusanwo further posited that membership of the Abuja Chamber of Commerce will afford the Institute the opportunity of being on a wider platform to air the views and opinion of the Institute on behalf of the travel tourism, hospitality and its related trades in circle of committee of the organized private sector of both the FCT and the country at large.

ACCI was established in 1986 with the main objective of protecting the interest of commerce and industry as well as serve as the voice of the organized private sector to express its opinion for the business community. It is also to promote economic and industrial development within the FCT in particular, and Nigeria as a whole

The general motive of the chamber movement worldwide is to assist businesses and activities of members in any way possible and whenever necessary in form of advice, information, guidance and such other actions as to enable them to easily achieve their objectives as well as to influence government policies on enabling environment for the growth of Commerce, enterprise, Industry and general economic growth and development.

ITPN is a higher, vocational and tertiary level professional organization, established to furnish the Nigerian tourism industry with professional personnel who can provide good quality standard of products and services with such additional objectives as providing education and membership structure aimed at guaranteeing excellent standards of service delivery within the Travel Tourism and Hospitality industry trades.

Membership of the Institute is believed will enhance the promotion of professional ethics and efficiency in travel-tourism and hospitality industry as well as wider participation in the economic policy and advisory role in the Federal Capital Territory in particular, and Nigeria as a whole.

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Business

Democracy Day: Fiscal Discipline Key To Nigeria’s Sustainable Devt – Auditor-General

Published

5 days ago

June 12, 2025

The Gleamer

…Urges National Assembly to Pass Audit Bill 2022

Joseph Bisi

As Nigerians commemorated a historic milestone in their collective pursuit of a more socio-economically robust nation, the Auditor-General for the Federation (AuGF), Shaakaa Kanyitor Chira, has implored the nation’s leaders and citizenry to intensify their efforts in championing the cause of fiscal discipline and accountability within the public finance system. In a brief conversation with journalists to mark the 2025 ‘Democracy Day’ on Thursday, the AuGF commended President Bola Tinubu’s administration for its ongoing fiscal and tax reform initiatives, describing these measures as essential for enhancing the nation’s revenue generation and budgetary expenditures. Chira explained that transforming the potential benefits of these reforms into tangible gains for the citizenry required more transparent fiscal mechanisms for the monitoring and evaluation of government expenditures, including the auditing processes and the timely appraisal of the Audit report by his Office, free from political interferences. He said: “Today’s Democracy Day is worthy of celebration, given the political history of the country and the prospects for sustainable development. Over the past few years, we have witnessed a series of reform initiatives by both past and present administrations aimed at improving the nation’s fiscal system, particularly under President Bola Tinubu, based on the current Tax Reforms and Fiscal Policy Bills that are being finalized by the National Assembly. “Let me emphasize that these measures are not merely desirable for Nigeria’s sustainable development; the enactment of the four pivotal bills will significantly contribute to stabilizing the financial system while also promoting transparency in public finance and prudent governance at all levels of government throughout the country. “It is imperative to underscore, however, that the role of the Office of the Auditor-General of the Federation (OAuGF) in achieving these laudable objectives may be impeded if the Audit Bill currently before the National Assembly is not enacted into law. “The passage of the Bill, which seeks to augment the AuGF’s role in ensuring accountability, transparency and value for money in government expenditure while empowering the AuGF with administrative and financial autonomy, is crucial for enhancing transparency and accountability within Nigeria’s public finance system that aligns with International Standards of Supreme Audit Institutions (ISSAIs). “Therefore, I seize this opportunity to appeal to our lawmakers in the National Assembly to prioritize the passage of the Audit Bill as a strategic legislative initiative to achieve the commendable goals of the Tax Reforms and Fiscal Policy Bills they are presently finalizing,” the AuGF added.Experts are of the view that the Auditor-General’s call for the passage of the Audit Bill 2022 aligns with the OAuGF Strategic Plan 2024-2028, which encapsulates the objectives of the Office being the Supreme Audit Institution(SAI) of Nigeria, aimed at enhancing public sector governance and accountability. The four principal objectives of the Strategic Plan include Goal 1: Focusing on the enhanced independence and mandate of the OAuGF; Goal 2: to mitigate mismanagement of public funds through more robust follow-up on audit recommendations; Goal 3: to ensure improved financial reporting within the public sector; and Goal 4: to establish the OAuGF as a model institution not only in Nigeria but on a global scale.

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