The Executive Secretary and Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), Dr. Rabiu Olowo, has underscored the critical role of accounting, governance, and transparency in shaping Africa’s future, as he delivered a keynote address at Nnamdi Azikiwe University (UNIZIK), Awka.
Dr. Olowo spoke on Wednesday, June 17, 2026, at the 7th International Conference of the Department of Accountancy, Faculty of Management Sciences, where he also pledged support for the university’s proposed Faculty of Accountancy.
The conference, themed “Shaping Africa’s Future through Accounting, Governance, Technology, and Sustainable Business Management,” brought together scholars, policymakers, and industry leaders to discuss strategies for sustainable development across the continent.
In his keynote address, Dr. Olowo emphasized that Africa’s development challenges require coordinated, multi-sectoral solutions rather than isolated interventions.
“The complexity of modern economic systems demands integrated solutions. Accounting, governance, technology, and sustainability are no longer separate disciplines – they are interconnected drivers of development that will determine Africa’s future,” he said.
He noted that Africa’s growing prominence in global discourse is driven by its youthful population, vast natural resources, and increasing geopolitical relevance. Citing United Nations projections, he highlighted that the continent’s population is expected to surpass 2.5 billion by 2050.
While acknowledging these opportunities, Dr. Olowo cautioned that demographic advantage alone does not guarantee prosperity.
“History shows that resource-rich nations can still struggle without strong institutions. The future of Africa will depend on governance quality, credible reporting systems, and sustainable development strategies,” he stated.
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