Adoption of foreign policies in addressing local challenges responsible for underdevelopment ― ICAN tells FG

The Institute of Chartered Accountants (ICAN), has urged the federal government to stop adopting foreign policies in addressing local challenges in the country.

Stating this, on Tuesday, was the ICAN National President, Comfort Eyitayo, and other members of the Institute who were hosted to a royal reception by the Akarigbo and Paramount Ruler of Remoland, Oba Babatunde Ajayi, at his palace in Sagamu, as organised by the Remo Growth and Development Foundation (RemoGDF).

Eyitayo noted that FG’s approach of adopting foreign policies and programmes without reviewing them to meet the peculiarities of Nigeria’s socio-political and economic dispositions had continued to compound the woes of the country.

She hinted that the adoption of foreign policies and programmes by the government had not yielded the much expected positive result while advising the government to adopt a bottom-up approach to the development of policies.

“The current approach of adopting foreign policies and programmes, hook line and sinker, to address local challenges may lead the country to perpetually grope in the dark of underdevelopment.

“Evidence has shown that, over the years, national priorities are not adequately reflected in most of these global policies and programmes.

“When it becomes necessary to import foreign policies, then the managers of the country should do a smart adaptation of such policies to meet the peculiarities of our socio-political and economic dispositions,” the ICAN President stated further.

She pointed out that the country is still wallowing in corruption, frequent and wanton destruction of lives and properties, poor socio-economic indices and weak institutions, hence the need for government to promote policies and programmes that would be beneficial to the country.

Eyitayo equally advised the government to assign constitutional roles to traditional rulers in any policy interventions
to address the increasing and discouraging negative trends in the country, saying “we are of the opinion that the rich and invaluable knowledge of traditional rulers should be leveraged in building a nation we would all be proud of.”

Oba Ajayi in his remarks advocated for building strong institutions to curb the excesses of leaders, saying “we just hope that Nigeria will continue to build strong institutions to check the excesses of our political leaders.”

He urged members of the Institute to come up with suggestions and solutions to some of the problems confronting the country.

The monarch also called on the government to give constitutional roles for traditional rulers, saying monarchs should be carried along in the formulation of policies that would affect the people at the grassroots level.

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