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IJEBMR

Title:
ECONOMIC RECESSION IN NIGERIA: THE PLACE OF ACCOUNTANTS

Authors:
NKWAGU Louis Chinedu ,OBASI Ama Ibiam and ELOM Joseph Ogwo, Nigeria

Abstract:
The plunging of Nigeria economy into recession has continued to generate a lot of concerns from both Nigerian government and other stakeholders as it had adversely affected every sectors in the country. This paper in its overall attempts to assess the economic recession in the country, seeks to evaluate the place of accountants in getting Nigeria out of the recession. The study which is a theoretical paper employed content review of relevant literature in addition to anchoring it on commander theory and stewardship theory. From the available literature, the paper observes that the influence of Accountants has a lot to do towards stirring the Nigeria economy out of recession. This study specially unveils that accountants have strategic roles and influence on fishing out financial corrupt practices that contributed to economic recession in Nigeria. The study recommends among other things that Nigeria economic operators, both private and public entities should as a matter of necessity involve Accountants in every stage of economic decision making. This implies that high quality financial statements would improve Nigeria economic growth.

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