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ICSAN seeks end to unclaimed dividends


By Rukayat Moisemhe
Lagos, April 1, 2021 The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has called for stakeholder education on debt funding and utilisation of unclaimed dividends.
Mrs Taiwo Olusesi, Registrar, ICSAN, gave the advice in a communique to newsmen on Thursday in Lagos.
Olusesi urged the relevant government bodies to engage the investing public more regularly and obtain their feedback on improving the debt funding system and the utilisation of the Unclaimed Fund Trust Fund (UFTF).
Olusesi said the advice became pertinent to address the problems of distrust between investors, depositors and the government.
According to her, maintaining investors’ confidence and allaying their doubts and fears is very paramount. ....

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2021 Budget, Economic Recovery and Fiscal Sustainability


The early passage of 2021 Budget, which for the second consecutive year, effectively returns the country to the January-December budget cycle is a means to an end and not an end itself. The main challenge is how to catalyse economic recovery efforts, and budget execution to significantly contribute towards achieving fiscal sustainability as well as macro-fiscal and sectoral objectives. Ndubuisi Francis writes
It is an unassailable fact that Nigeria is buffeted by a deepening macroeconomic challenges, a worsening social and fiscal order. While the economic challenges grow in leaps and bounds, the resources to tackle them appear to be wearing thin. Nigeria’s second quarter 2020 gross domestic product (GDP) contracted by 6.1 per cent although it performed considerably betterthan expected in the third quarter, contracting only by 3.62 per cent, representing an improvement of 2.48 per cent points over the second quarter level. ....

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