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During the year 1999, burdened by the need to place cost management practice in the forefront of economic development, the then incumbent President and Chairman of the Board of Trustees of the Institute, Rev. Nosa Victor Omoregie, a Fellow of The Institute of Chartered Accountants of Nigeria conducted an independent analysis into the reasons why the country has not benefited from this advanced resource management thought and the potential impact of embracing and institutionalizing cost management practice in economic development process. The result of the analysis showed that cost management practice has not been effective due to the following limiting factors:

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CICMN. Chartered Institute of Cost Managers of Nigeria info@cicmn.org.ng Call us: +234 802 306 4860

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