Governments at all levels have been urged to effectively deploy research programmes in the field of Accounting in order to reduce poverty and economic recession.
Also, governments have been charged to embrace transparency which will lead to improved economic growth and development while minimising corruption.
This charge was given by the Dean of the Faculty of Management Sciences of the University of Benin, Professor Leslie Eyesan Dabor, during the 2nd Candido Da Rocha Annual Memorial Lecture of the Osun State University (UNIOSUN), which held on Wednesday in Osogbo, the state capital.
During a lecture titled, “Sustainable Economic Recession Growth And Development During A Recession: Practical Lessons And Professional Accountants’ Solution”, the guest lecturer asserted that accounting had the potential to cure and curb recession adding that the proper deployment of accounting will limit the effect of recession on the economy and speed up recovery from recession.
According to him, “Our focus should be to deal with socio-lure and political oppositions to effective deployment of accounting.”
While noting that poverty reduction in the society was as a result of achievable economic growth, he added that this growth reduces inequality and transforms societies.
“Economic growth creates employment. It is the basis for human development. One can grow and not develop, but one can not develop without growth. As the economy grows and human capacity develops, it develops the economy. Higher level of income reduces infant mortality.
“Ethnic and religious sentiments should be removed through education because development cannot occur where such exists.
“Development involves the empowerment of women, children and men. An increase in development increases life expectancy. It results in a high level of life expectancy. And Accounting plays an essential role in economic development”, he added.
Earlier in his opening remarks, the Vice-Chancellor, Osun State University, Professor Labode Popoola, noted that the 2020 edition of the Candido Da Rocha Annual Memorial Lecture was supposed to have been held last year but could not because of the COVID-19 pandemic.
He revealed that the lecture was part of the commitment of the University management to deliberate and proffer solutions to the developmental challenges currently facing the country.