Expert reveals way out of poverty, economic recession
Abimbola Abatta, Osogbo
To reduce poverty and economic recession, the government and relevant stakeholders have been tasked to effectively deploy research programmes in the field of Accounting.
The government was equally charged to embrace transparency as a means of improving economic growth and development while minimising corruption.
Professor Leslie Eyesan Dabor, the Dean of Faculty of Management Sciences of the University of Benin said the above, on Wednesday, at the 2020 Candido Da Rocha Annual Memorial Lecture organised by Osun State University.
The lecture is targeted at discussing practical lessons and viable solutions on how to sustain the Nigerian economy during and beyond recession.
Professor Dabor who was the guest lecturer maintained that Accounting has the potential to cure and curb recessions.
In his words, “The proper deployment of accounting will limit the effect of recession on the economy and speed up recovery from recession.
“Our focus should be to deal with socio-lure and political oppositions to effective deployment accounting.”
He further noted that “When there is economic growth, there will be reduction in poverty. Wherever there is growth, society transforms. When there is growth, inequality reduces.
“Economic growth creates employment. It is the basis for human development. One can grow and not develop, but one can’t develop without growth. As the economy grows, and human capacity develops, it develops the economy. Higher level of income reduces infant mortality.”
The guest speaker added, “Ethnic and religious sentiments should be removed through education because development cannot occur where such exists.
“Development involves the empowerment of women, children and men. An increase in development increases life expectancy. It results in a high level of life expectancy. And Accounting plays an essential role in economic development.”
Earlier in his remarks, the Vice-Chancellor, Osun State University, Labode Popoola, noted that “This 2020 edition of the Candido Da Rocha Annual Memorial Lecture was supposed to have happened last year but couldn’t because of the global pandemic.”
The lecture is held annually to honour late Mrs. Abimbola Aina Omololu-Mulele, an educationist and a lawyer, whose donations to the Department of Accounting UniOsun, through the ‘Candido Da Rocha Trust Fund’, aim to promote research fellowship in accountancy and enhance industry in the development of the society.
