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Firm advocates creative approaches to bridging financing gap

By Silver Nwokoro
01 December 2023   |   1:51 am
Partner/Co-founder at AO & FA Consulting, Olawale Abiola, has advocated the use of creative approaches to overcome the financing gaps in addressing the economic transformation Nigeria needs.

Partner/Co-founder at AO & FA Consulting, Olawale Abiola, has advocated the use of creative approaches to overcome the financing gaps in addressing the economic transformation Nigeria needs.

Abiola spoke at finance for non-finance managers training in Lagos. The aim of the training was for finance and non-finance managers to have financial knowledge to manage and execute budgets appropriately.

Other speakers at the training included MD/CEO, EnergiHub, Olatunde Akintola; Chief Financial Officer, Chartered Institute of Personnel Management (CIPM) Nigeria, Edward Dunkwu and Partner/Co-founder, AO & FA Consulting, Tayo Folorunsho.

Abiola who was the facilitator of the training said: “Nigeria needs to learn how to manage resources. We must learn how to depend on ourselves in terms of looking at our natural resources and looking at ways we can source funds internally instead of us to look at how we can borrow to spend which is not the best thing.

“In accounting, the best way is not to borrow to spend but to borrow to invest, to do capital projects then from the returns of the capital project, you can live with an appropriate policy in place and with the government, you can turn that around by ensuring that we turn our resources to a profitable investment for the people.”

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