The Chief Whip of the House of Representatives, Mohammed Tahir Monguno, has charged practitioners of treasury management and fellows of the Chartered Institute of Treasury Management to bring their expertise to bear in sanitizing the management of public funds in Nigeria.
Monguno, who sponsored the Bill giving birth to the Act setting up the Institute, told the fellows at their induction on Thursday in Abuja that they are all part of history.
He noted that having a new Institute, particularly a research-based entity has defined their roles and the task ahead of them.
Monguno said, “Your mandate here today is to be certified and inducted into a pool of critical thinkers with hands-on and practical suggestions and solutions to the myriads of challenges confronting our nation’s economy.
“Governance will not be complete without your inputs as technocrats to drive the process; politicians would not be able to deliver on their mandates without your support. Likewise, dishonest politicians would not be able to game and compromise the system without you showing them the way and the loopholes.”
Also speaking, the President and acting Chairman of the Council, Nwude-Chu Emmanuel, said having achieved the task of having a legal charter for the Council, fellows of the Institute must work hard to uphold the tenets of professionalism obtainable elsewhere in the world.
“May I remind us that the vision and mission of the CITM is to build world-class treasury professionals that are conversant with complexities of modern treasury and could competently and efficiently manage public, corporate and private treasuries as the case may be.
“Consequently, the theme for this induction titled: ‘Sustainable Treasury –A Catalyst Toward Virile Economy’ is timely, and after this programme, each and every one of us would have realized that the modern treasurer is a hunter of opportunities for increased efficiency,” he said.
The Registrar of the Institute, Adeola Adedoyin, said all over the world, there is virtually no country that is free from daily problems of managing the nation’s economic affairs and the well-being of its citizenry and populace.
“The difference has been the mindset at orientation right from cradle to be result oriented rather than being fault finders with a judgmental spirit.
“No government in any country has all it takes to move and accelerate the economic growth and development of its geopolitical territory. It is the strategic initiatives and unrelenting positive contributions of all and sundry at the sub-sector of the national economy driven by patriotism and loyalty to the fatherland that has been the catalyst of economic breakthroughs in today’s revered “advanced or developed” economies around the world.