Lawmaker tasks CITM on sensitisation of treasury mgt in Nigeria

Lawmaker tasks CITM on sensitisation of treasury mgt in Nigeria

 

Chief Whip of the House of Representatives, Hon. Mohammed Tahir Monguno, has urged Treasury Management practitioners and Fellows of the Chartered Institute of Treasury Management (CITM) to use their expertise to educate Nigerians about the management of public funds in Nigeria.

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He stated this while speaking at the induction ceremony of the institute in Abuja.

Hon. Monguno claimed the institute’s founding members are all a part of history because the establishment of a new institute, particularly one centered on research, has clarified their roles and the work they have ahead of them.

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He noted that governance will not be complete without their inputs as technocrats to drive the process.

Monguno tasked the pioneer inductees to use the topic of his presentation: ‘Managing Growth and Development in a Distressed Economy: The Role of a Treasury Manager’, as a research topic and submit findings to the Registrar for assessment.

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In his opening remark, the President and Acting Chairman of the Council, Nwude-Chu Emmanuel, said that having come thus far in achieving the task of having a legal charter for the Council, fellows of the Institute must work hard to uphold the tenets of professionalism obtainable elsewhere in the world.

“May I remind us that the vision and mission of the CITM is to build world class treasury professionals that are conversant with complexities of modern treasury and could competently and efficiently manage public, corporate and private treasuries as the case may be. Consequently, the theme for this induction titled:

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‘Sustainable Treasury –A Catalyst Toward Virile Economy’ is timely and after this programme, each and everyone of us would have realized that the modern treasurer is a hunter of opportunities for increased efficiency”. he said.

The Registrar of the Institute, Mr. Adeola Adedoyin said that all over the world, there was virtually no country that is free from daily problems of managing the nation’s economic affairs and well-being of its citizenry and populace.

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“The difference has been the mindset at orientation right from cradle to be result oriented rather than being fault finders with judgmental spirit. No government in any country has all it takes to move and accelerate the economic growth and development of its geopolitical territory.

“It is the strategic initiatives and unrelenting positive contributions of all and sundry at the sub-sector of the national economy driven by patriotism and loyalty to fatherland that have been the catalyst of economic breakthroughs in todays revered “advanced or developed” economies around the world.

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The Journey so far The foundation of ClTM came through the thought process of several like-minded individuals having a common goal and curious enough to find a solution to the common problem of impacting cash management with treasury management initiatives as a measure of safe guiding the treasury.

“This can be achieved by the idea of an Organisation that could spearhead the establishment and raise a national consciousness of accountability, transparency, prudence and probity in public offices as a multi-purpose vehicle into solving our economic woes”. he said.

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The maiden induction ceremony also featured awards given to outstanding individuals who have distinguished themselves in their contributions to the realisation of the Institute, including the sponsor of the Bill that led to the establishment of the institute.

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