• Register
Return to: Home > News > Nigerian institute complains about quality of graduates from tertiary institutions

Nigerian institute complains about quality of graduates from tertiary institutions

The Institute of Chartered Accountants of Nigeria (ICAN) has announced that the quality of graduates from tertiary institutions in Nigeria is not good enough and it is having a negative impact on standards and professionalism.

The ICAN president Alhaji Isma’ila Muhammadu Zakari said that poor educational standards have seriously affected the number of candidates taking their examination and graduating from the institute, as reported by local media. It was noted that only 25% of candidates eventually pass their examination and Zakari said something urgent needed to be done in the interest of national development.

Zakari said to The Guardian: “The challenges have always been in the quality of the students that come to be trained by the Institute. We would have wished that 100% that partakes in the exam is able to pass. The quality of students coming out of our educational system is very poor and it is a dangerous trend because if you don’t have the best, then accurate accounting will suffer.”

The ICAN president stressed that the institute has contributed to national development through accuracy and integrity, and that incorrect public accounts are now just a part of history. Zakari added that the Nigerian economy is run by chartered accountants as many CEOs of the major listed companies in Nigeria are chartered accountants and chief financial officers.

Top Content

    Keeping accounting standards fit for purpose

    While at the IFRS Conference: Americas in Toronto in November, the national standards setters of the USA and Canada, along with the International Accounting Standards Board, talked to The Accountant about the evolution of corporate reporting and the influence of digitalisation. Vincent Huck was on the line

    read more

    Tax avoidance looks like a side show: compared to total anonymity

    Paul Beckett, senior counsel at MannBenham Advocates, talks to Carlos Martin Tornero about tax avoidance and human rights, and how orphan structures, marketed by accountants, make the super-rich anonymous and unaccountable for their actions

    read more

    France’s next revolution: boosting the economy, with advisory backing

    As French minister for the economy and finance, Bruno Le Maire took the stage at the final plenary session of the 72nd congress of the French Institute of Chartered Accountants (Ordre des Experts-Comptables) in Lille, he faced a somewhat hostile audience who had booed government initiatives during previous speeches. But the well-prepared minister told the French profession what it wanted to hear and left with a standing ovation. Whether the government will deliver what he promises remains to be seen. Vincent Huck reports

    read more

    Comment: Nine seconds to make or break

    Time is relative. When Usain Bolt runs 100 metres in a little over nine seconds, time flies and feels like a fleeting instant of dream. But, when six professionals sitting on a panel meet a question with deafening silence for nine seconds, then time painfully drags on in embarrassment.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.