‘Hard-hit sectors need attention for COVID-19 recovery’

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An accountancy global body, the Association of Chartered Certified Accountants, has recommended that Nigeria should focus on the hard-hit industries as part of efforts to recover from the effect of th

e COVID-19 pandemic.

According to the statement, the ACCA researched and outlined the road map post-COVID-19 economic recovery for Ghana, Nigeria and the entire West Africa.It recommended that “focus must be on the hard-hit industries, the role of digital, the technological aspect of doing business, how accounting firms would play a key role, government intervention and the future of work and employability.”

The Chief Executive Officer, Nigeria Economic Summit Group, Laoye Jaiyeola, said response, as a nation, would determine how long it would stay or how well the effect was managed but that, the impact would not be for a short term.“The second quarter report of 2020 in Nigeria revealed that we have a deep of -60cents.Jaiyeola lauded the creative approaches in the textile industry and educational sector.

PwC Tax Leader, Mr Taiwo Oyedele, explained that the role of professional accountants was to guide their organisations.

 

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