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Accountants advocate improved financial literacy for SME operators



The Association of Chartered Certified Accountants has implored the federal government to deepen financial literacy for Small and Medium Enterprises (SMEs) operators in the country.
The professional body also urged the government to create policies capable of making Nigeria a naira-dominated economy.

ACCA’s Country Manager, Mrs. Toyin Ademola, made the call in Lagos at the association’s 2016 annual summit themed ‘Opportunities in Finance’.
Ademola said, “Given the fact that we have a huge SME sector, it is also important that we make sure that people are financially literate. There is need to get more people financially conscious, and surely this would boom the SME sector in Nigeria.
She said the debate on whether or not the government should devalue the naira is less important because the country values her currency.
She observed that it is only in Nigeria that people are asked to pay for some services in dollars or Euros, a situation she said must stop.
Noting that instances such as these are indications that “we do not value our currency as Nigerians,” Ademola implored the federal government to embark on deliberate policies to push the naira to the international platform.

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