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Tobi Aworinde
The Oniru of Iruland, Oba Wasiu Lawal, has called on traditional authorities and professional bodies to do their best to support governments in their efforts to create a better society.
According to a statement, Lawal made the call at the opening ceremony of the business boot camp for entrepreneurs in Iruland, Lagos State last week.
The monarch, speaking to the participants, was quoted as saying, “While we expect the government to lead the way in finding lasting solutions to all the socioeconomic problems, we cannot, in all honesty, expect governments to solve all of them. That necessitates back-up or complementary efforts from other power centres such as professional bodies and traditional authorities.”
A report by the Institute of Chartered Accountants of Nigeria (ICAN) released yesterday, ranked the Federal Government, Edo State and others low in its public sector financial governance assessment for 2018 fiscal year.
The assessment, known as Accountability lndex (ICAN-AI), which was carried out under the supervision of the institute’s steering committee, specifically ranked the federal and state governments according to their performance on the basis of a number of variables, which include policy-based fiscal strategy and budgeting, budget credibility, management of assets and debts, control in budget execution, accounting and reporting, external audit and legislative scrutiny.
In the ranking, the maximum obtainable scores for all the five pillars deployed for the assessment are: 98 for pillar one, 77 for pillars two and three, 168 for pillar four and 70 for pillar five.