04/02/2026
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The Institute of Chartered Accountants of Nigeria (ICAN), alongside five other professional bodies, has formally entered into a strategic partnership with the Presidential Committee on Economic and Financial Inclusion, signing a Memorandum of Understanding (MoU) aimed at accelerating inclusive, credible, and sustainable economic participation across Nigeria.
The agreement was signed at a high-level ceremony convened by the Presidency, marking a significant step in the Federal Governmentβs drive to deepen financial access, improve economic literacy, and integrate more Nigerians into the formal economy.
Speaking on behalf of the participating professional bodies, ICAN President and Chairman of Council, Mal. Haruna Nma Yahaya, mni, Ph.D., FCA, expressed appreciation to Vice President Kashim Shettima, GCON, who also chairs the Presidential Committee, for the confidence placed in professional institutions as key drivers of national development.
Yahaya described the partnership as more than an institutional engagement, noting that it represents a shared national responsibility to strengthen trust, accountability, and participation within Nigeriaβs financial ecosystem. He explained that the MoU aligns with the Presidentβs nationwide initiative to provide free financial inclusion and literacy training to 10 million Nigerians, a flagship intervention designed to empower citizens and expand economic opportunities.
ICAN also commended the Federal Government under the leadership of President Bola Ahmed Tinubu, GCFR, for ongoing economic reforms that are improving investor confidence and creating pathways for inclusive growth.
Emphasizing the broader vision of the collaboration, ICAN noted that financial inclusion extends beyond digital access, stressing the importance of affordability, consumer protection, institutional credibility, and public trust. Under the MoU, the six professional bodies will work collectively to translate policy objectives into measurable outcomesβbridging the gap between the informal and formal sectors, strengthening institutions, and supporting Nigeriaβs long-term economic stability.
Dignitaries present at the event included the ICAN Vice President, Mrs. Queensley Sofuratu Seghosime, mni, FCA; the Registrar and Chief Executive of ICAN, Lanre Olasunkanmi, Ph.D., FCA; the Senior Special Assistant to the President on Economic Matters, Dr. Tope Fasua, FCA; and the Technical Adviser to the President on Economic and Financial Inclusion, Dr. Nurudeen A. Zauro, FCA.