By Olufunke Johnson
The need for regular update of information in order to address changes in the finance world has been stressed.
This was the fall out of the launch of the book titled ‘Financial Management Concept, Financial System and Business Finance’ held at Bankers House, CIBN Building, Adeola Hopewell Street, Victoria Island Lagos.
In his welcome address, the author of the book who is a Professor of Finance from the University of Lagos, Professor Ayo Olowe noted that dynamic changes often occur in the finance world and the need to regularly update the public on these changes and also address them gave rise to the writing of the book.
The University Don promised a continuous update of the book which is its fourth edition yearly in order to accommodate any change in the finance world.
The Special Guest of Honour who is also the Lagos state Governor, Mr. Akinwumi Ambode, described the book as one which is about grooming people in the area of acquisition of knowledge.
Governor Ambode who was represented by the Lagos state Commissioner for Finance Mr. Akinyemi Asari noted that Finance is a field with few authors, adding that “…. it is gratifying to have someone who can update the public from time to time. Continuous update and learning are what people crave for and the International Financial Reporting Standard IFRS is championing that course”. The Governor thanked him for his commitment to education and financial management.
The Dean, Faculty of Social Sciences, Professor Iyiola Oni in his remarks said the book is not only going to be useful for people in the finance world alone but will also assist governments in planning budget and also project unto the future. He said he will ensure that all departments in the faculty gets two copies of the book as it will also be placed in the faculty’s library.
The Ogun State former Commissioner for Finance Professor Olaseni Akintola-Bello, who acted in the capacity of the Book Reviewer, noted that it was well written but however advised him to improve on the structure of the book by introducing chapters on innovative financing, public sector and infrastructure financing.
Professor Bello commended the author on solutions to some financial conflicts he raised in the book, this he said some other authors would not do.
Responding, Professor Olowe appreciated everyone for gracing the occasion and promised to effect all recommendations made by the reviewer in his subsequent editions.