Treasury managers urged to promote sustainable economy, be good ambassadors

Treasury managers in the country have been urged to be good ambassadors of the Chattered Institute of Treasury Management.

President, CITM and former Accountant General of the Federation, Mr Ahmed Idris gave the charge to new inductees into the Institute at the 2nd recertification and induction programme in Abuja at the weekend.

Representative of the President, CITM, Prof. Ahmed Imam, who read his speech, urged the inductees to be steadfast, supportive and represent the interest of the Institute in all they do.

The theme of the programme is “Sustainable Treasury: A Catalyst Towards a Virile Economy”.

“We are all ambassadors of a very good cause; let us all demonstrate our capacity for good and innovative things and lead by example.

He said CITM was a pioneer in creating value for managing the treasury, institutionalising preventive mechanisms and building capacity through scholarly activities.

This he said was to safeguard the treasury against fraud and the misapplication and misappropriation of financial resources placed in the custody of fund managers.

He said a sustainable treasury remained a concept that emphasised the integration of environmental, social, and governance factors into treasury operations.

The aim according to him is to promote long-term economic, social, and environmental sustainability, adding that treasury function within an organisation could play a crucial role in driving positive change in the economy.

He said, by adopting sustainable treasury practices, organisations could align their financial decision-making with broader sustainability goals.

This involves considering the environmental and social impacts of treasury operations, as well as the governance structures and ethical considerations surrounding financial activities.

One of the inductees, Mr Sali Musa, from Bauchi, a civil servant at Giade Local Government Area, with the Finance Department said the induction was impressive.

According to him, “ we have gained knowledge from the training by the institute and the way we manage our treasury from now will change in regard to our vocation.”

51 new members were inducted into the institute.