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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.

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