Finance and accounting professionals have called on the government to implement sound policy reforms, diversify the economy, and promote local production as key steps to achieving financial stability.

They warned that persistent inflation, currency devaluation, and over-reliance on oil revenues threaten sustainable economic growth.

Speaking at the first Annual Dinner and Awards Night of ICAN, Lagelu and District Society, Pioneer Chair Mrs. Omokemi Oladipo emphasized that leveraging collective expertise, supporting domestic industries, and enacting effective policy reforms are critical to preparing Nigeria for the 2026 financial landscape. She also praised ongoing improvements in the country’s economic and financial outlook, noting that government and citizen efforts are beginning to yield results.

Oyebade Oyedepo, board member of the Oyo State Anti-Corruption Agency, highlighted the fragility of the Nigerian economy and stressed the need for proactive measures to stabilize it ahead of 2026. He said, “Nigeria is not financially viable at the moment, despite our abundant resources. For meaningful growth, the government must invest in manufacturing, production, and agriculture, rather than relying on oil and imports.”

Chartered accountant Marcus Akobi described the current financial situation as strained but remained optimistic. He noted, “While the economy faces challenges, Nigeria is blessed with abundant resources. The reforms being implemented are designed to yield results next year. National stability depends on the proper application of macroeconomic policies.”

Mr. Patterson Ariemodiugno, District Vice Chairman and Organising Committee Chair, commended members for maintaining the highest professional standards in their practice.