Accountants in the Lagos State Civil Service were, yesterday, urged to take advantage of the present economic situation in the country by investing in the agricultural sector.
President, Institute of Chartered Accounts of Nigeria (ICAN), Otunba Femi Deru, gave the charge at the 5th Annual Public Lecture of Lagos State Public Service Chapter of ICAN.
Saying that agriculture, before now, contributes about 42percent to the country revenue, Deru said it remains one area that the country is capable of utilizing to resolve its economic challenges.
Agriculture, added the chapter Chairman, Mr. Abdul Adekunle, holds the potentials to contribute immensely to Nigeria’s economy if well harnessed.
Also noting that the theme for the lecture was carefully chosen after appraising recent happenings in the country, Adekunle psyched the accountants to take advantage of the opportunities within the sector.
According to him, ICAN since inception has been in the fore-front of awakening its immediate society in the areas of national issues with the aim of providing a platform by which issues of national interest are discussed. He said: “There cannot be a more appropriate time than this with the emergence of a new government which inherited a bewildered economy; adding that the Nigerian economy has mostly depended on the proceeds from the sale of crude oil, which is at the expense of other sectors such as solid minerals and agriculture that contribute significantly to her economy.
Dr. Yakubu Bashorun, Permanent Secretary, Lagos Ministry of Agriculture and Co-operatives, in a lecture titled ‘Agriculture: Catalyst for Socio-economic Development, stressed the need to diversify and explore opportunities within the sector, noting that government has established various programmes to encourage farming in the state, thereby encouraging accountants in the state to take advantage of these programmes and invest. He also said that security and insurance are other key areas of investments they should explore.