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ICSAN advises FG on MDAs, the economy

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ICSAN advises FG on MDAs, the economy

By Rukayat Moisemhe

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) reiterated its call for the appointment of secretaries for ministries, departments and agencies (MDA) in accordance with the Companies and Related Affairs Act of 2020 (CAMA) .

ICSAN president Bode Ayeku made the appeal at a press conference Thursday in Lagos, noting that many MDAs have none.

“The lack of secretarial positions in many of these government agencies shows a gap in understanding the emerging role of secretaries.

“All necessary modes of engagement and even revocation must be provided, and urgently also, in the management of the affairs of government agencies for the sustainability of a good corporate governance structure.

“I also appeal to the Financial Reporting Council to review the process of the code of corporate governance principles for the public sector to ensure consistency across all sectors,” he said.

Ayeku called for the reconstitution of the boards of directors of federal MDAs to engender the sustainability of the government structure and reduce the pressure on grassroots management for successful and prosperous government agencies.

He said the ongoing constitutional review presented an opportunity to shape and reshape the country’s future, especially when it came to the high cost of governance in the nation.

The President of ICSAN stressed that the current heavy indebtedness of the country must be restructured to adapt and reflect its current realities.

Ayeku supported Nigeria’s loan to finance its capital-intensive infrastructure projects to fill the country’s deficits and improve its economy.

However, he proposed that the loans be jointly supervised by the lender (s) to ensure the proper use and channeling of funds.

Ayeku advocated the creation of a sinking fund for the repayment of loans, the proper use of resources and the discharge of debts for future generations.

He urged the government to also engage international agencies that could give advice given the country’s financial situation, on a profitable and sustainable structure for the economy.

Ayeku said the federal government should channel its efforts to ensure that states become self-sufficient and self-sufficient, managing all resources responsibly to improve the Nigerian economy.

“There is no reason why every state should not take over one aspect of agriculture and focus on self-sufficiency, improving exports and creating jobs.

“Ultimately, we would need to embark on massive upstream integration to add value to our raw materials, consume what we produce thus reducing the current pressure on currencies.

“The government should create an agricultural setup program and recruit recent graduates and members of the National Youth Service Corps (NYSC) on agricultural products with a competitive advantage,” he said.

The ICSAN president also called for streamlining the duplicate functions of MDAs and reducing the number of ministers.

Ayeku said there was a need to reduce waste in the country’s electoral processes.

This, he noted, could be achieved by migrating to the digital model of electronic voting and transmission, in order to reduce costs and reduce incidents associated with physical activities.

Ayeku, whose term was drawing to a close, urged his successor to listen objectively to the concerns of all stakeholders in order to enrich his decision-making process with the overriding interests of the Institute.

He noted that his administration had succeeded in re-establishing the Institute within the Board of Directors of the Commission des affaires corporatives (CAC) and improving public perception.

The outgoing president said this has been achieved through sustained interactions with private and public organizations.

He said plans for the institute’s construction project had been delayed by the COVID-19 pandemic but had just been revived with the design currently underway. (NAN)

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