Thursday, 28 July 2016

AFRICA RESCUE PROJECT: THE CHALLENGE BEFORE ANAN IN THE GLOBAL MARKET.

By Nnabugwu Chizoba

From available records, the Association of National Accountants of Nigeria (ANAN), has attained enviable height. This is due largely to the fact that the Association has continuously taken deep and reflexive look at the government, the people, and the processes, in her programme design, capacity building, and networking. Others are the Association’s passionate stand on Accountability, Integrity, Competence and functional learning, diligence and Nigeriancentrism, which are easily identified in the body language of ANAN

ANAN’s systematic and synergetic methodology at searching and identifying new, and suitable frameworks for sustainable development, of Nigeria, is awesome. It recognizes and combines short and long-term changes to meet current mainstream. 

The above is manifest, in the Association’s monitoring and evaluation efforts, in the skills evolution process, and engendering programmes. It has also reflected in the leadership of ANAN, in the ability, over the years, to create, inspire and motivate a team of knowledgeable and skillful Professionals to pursue a common vision and, very importantly to follow-up and ensure the attainment of such vision and goals.

History, is known as the main stay and genetic blueprint for real and effective socio-economic, and political transformation of any developing and developed societies. The consensus of opinion is that History practically influences behavior, beliefs and choices of men and women. 

It must be noted, and indeed admitted that ANAN, has a very exciting history. The type that practically stimulates and influences behavior, beliefs and choices of men and women. The history of ANAN is necessary to all generation of MEN: the young and the aged, the aristocrat and democrat, the lowly and the noble, the poor and the affluent and to the Kings, Princesses and their subjects.

The history of ANAN, clearly indicates a faithful, reliable, honest and bold efforts by leaders and counselors that accurately reveals obligations, duties and roles that evidently shows the account and success chart of knowledgeable, competent and generous leaders, as against the failures and errors of unpopular, uncompassionate and unacceptable rules and operations that alienated the people. 

Put together, let me state emphatically that, the huge investment that the great minds, the trail blazers (the founders of ANAN) have bequeathed to Nigeria and by extension Africa, that is, the human capital development center, known as the Nigerian College of Accountancy (NCA), and her products, the graduates of the college, are heavy resources, to be confined in Nigeria, without a well spelt out and clearly structured expansionary blueprint to do for Africa, what ANAN has done for Nigeria. Not doing it, is not healthy for the development of the African Continent. 

The attention of ANAN, through this medium, is drawn to this clarion call. 

Truth is, deepening ANAN’s operations and activities, replicating her achievements in Nigeria by way of doing same in Africa, is not only necessary, but apt and timely too. It will go a long way to give Africa a pride of place, a better identity in the world.

The good news is, the structure of accounting education, at Colleges and Higher Education levels is a priority of ANAN. This is indeed, heartwarming, especially if one considers that ANAN, understands the peculiarities of any moment, and takes uncompromising steps to guard against undesirable effects and outcomes. 

The core of this piece, its statement of objective, therefore, is to call on ANAN to rise and embrace the challenges inherent in this Africa rescue project. This project if executed, will move Africa, significantly and harmlessly away from “second colonization”, marginalization and endless domination. 

The World, today, is dividing itself into regional trading blocs with the Americans, European Union and Ashia, growing and remaining very powerful. Other trading blocs are emerging at the frontiers, but the African continent has remained porous, unintegrated and vulnerable to series of negative influences.

ANAN must re-strategize, and in the interest of Africa and Africans, play the leading role of bringing African Professionals together, to work towards using the same measurement mechanism, and Accounting standards; especially in the area of Environmental Accounting Management, and Economic Performance Metrics. 

ANAN, as a body has array of human resource capital, from social to the academia, industry, and governance. 

That the Association and her richly endowed members have the capacity to design and develop multi layered programmes that will ensure multi-sector partnerships, is not in doubt. Replicating the efforts that rescued Accountancy Profession in Nigeria from colonial encumbrances, is a phase that Africa must interface with.

Leaning and learning from the Nigerian effort, experience, challenges and outcome, the task before ANAN, in this Africa Rescue Project, is basically to bring together, in this context institutions and organisations considered stakeholders of the economy (not necessarily accounting or Professional bodies), operating in Africa.

The proposed list, in Nigeria for example includes: 

Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigerian Deposit Insurance Corporation (NDIC), Chartered Institute of Taxation of Nigeria (CITN), Institute of Chartered Accountants of Nigeria (ICAN), Security and Exchange Commission (SEC), Nigerian Accounting Teachers Association (NATA), Federal Inland Revenue Service (FIRS), Central Bank of Nigeria (CBN), Bank of Industry (BOI), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), National Association of Small and Medium Industries (NASMI), and Nigerian Economic Summit Group. 

Others are, National University Commission, National Board for Technical Education (NBTE), National Commission for Colleges of Education (NCCE) and the Financial Reporting Council, as well as, the National Orientation Agency.   The list also includes, the Nigerian Institute of Public Relations (NIPR), Nigerian Union of Journalists, Nigerian Bar Association, Tourism Development Association and, Non-Governmental Organisations, Civil Society Groups, and others.

It is common knowledge that the Micro, Small and Medium Enterprises (MSMEs), operations in Africa, is still at the foundation level. 

The Plan of Action includes expansion of the accounting curricular to incorporate environmental costs and assets, carbon footprint calculation, climate carbon budgeting and climate change issues, in a changing world and emerging industrial revolution, in Africa.

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