Cooperation Among FIRS, ICAN, Others Seek To Promote Sustainable Businesses In Nigeria

By Clement Alphonsus
Taiwo Oyedele (Chairman, Presidential Fiscal Policy and Tax Reforms Committee)
Taiwo Oyedele (Chairman, Presidential Fiscal Policy and Tax Reforms Committee)

A strong determination was shown yesterday focusing on Nigeria’s economic growth and generational wealth by Nigerians to build organisation that priorities foundations and structures that can withstand the test of time.

Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele; Managing Partner, Kreston Pedabo, Ajibade Fashina; Chairman and Founder, Elizade Motors, Michael Ade-Ojo; Managing Consultant, Kreston Pedabo, Albert Folorunsho; Chief Executive Officer of Access Bank, Herbert Wigwe urged that Nigerians must look beyond themselves when building businesses.

While speaking at a ceremony to mark Kreston Pedabo’s silver jubilee in Lagos, Oyedele, who disclosed that he started his career at the firm, said that the level of professionalism that marked the foundation of the organisation if replication by other companies would enable the country to build trans-generational businesses that would end up on the global stage.

The President of the Institute of Chartered Accountants of Nigeria (ICAN), Innocent Okwuosa, noted that the firm has not only demonstrated proficiency in the accountancy and advisory services but has also consistently raised the bar for professionalism and client satisfaction.

Also, Ade-Ojo, who advised business owners to wisely choose the firms they would entrust services to, noted that the choice of wrong and incompetent service providers could jeopardise businesses.

Folorunsho similarly revealed that the company started from a firm of two young partners and one employee, but has grown to 10 partners with over 170 employees.

While speaking at the event, which brought together partners of Kreston Pedabo, representative of Lagos District III Tutor–General/Permanent Secretary (TGPS), the school principals, students and members of the community, Managing Consultant at Kreston Pedabo, Albert Folorunsho, noted that it was necessary to impact its immediate community with the redevelopment of the block of two classrooms, adjoining toilets, and its surrounding appurtenances.

He stressed that the school has been in existence before the organisation started operating in the environment, and it deserves to benefit from the operation of the accounting firm, which majors in auditing, tax and advisory.

The Managing Partner at Pedabo, Ajibade Fashina also noted the organisation commitment to help nurture the future of the children by constantly sending professionals that would hold classes to educate them and motivate them towards an impactful future.

According to him, he said that the organisation has embarked on multiple CSR initiatives and has in the past five years honed its yearly CSR strategy around economic growth through MSME empowerment, particularly women-owned businesses; capacity building and holistic education interventions across all levels, including young professionals, and general philanthropy where most needed.

Still at the event, Partner, Olubunmi Kuteyi explained that the corporate social responsibility activity is a key part of the company’s 25th anniversary.