The Chief Financial Officers (CFOs) of various organizations across the country have expressed fear over what 2016 business environment holds for the success of their operations if government fails to deliver on its mandate in areas of infrastructures, security, clarity on exchange rate and tax.
Expressing their concerns through a survey carried out by KPMG Professional Services which is slated to be launched on 2nd February by the Minister of Finance, Mrs. Kemi Adeosun, it was revealed that CFOs are less optimistic that things will be the same in terms of growth prospect in 2016 compared to previous year.
Partner and Head of Audit, KPMG Professional Services, Mr. Tola Adeyemi said that over 50 per cent of respondents attributed their lack of confidence in 2016 business environment to the general macro economic environment, regulatory in efficiency and exchange rate among others.
Adeyemi hinted further that the CFOs have decided to take certain measure to ensure that they turns things around while appealing to government to deliver on its promises and create friendly business environment for the smooth operation of their business.
“CFOs have decided to invest more in area of marketing, service delivery and technology. Also to ensure that all their branches complied with regulatory standard and tightening internal control to avoid leakages while motioning key performance indicator. They however appealed to government to deliver on its promises in areas of infrastructure, security, clarity on exchange rate and tax.”
Vanguard
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