RSM, the leading network and a provider of audit, tax, and consulting services to the middle market, has announced Stransact as its Correspondent Firm in Nigeria.
RSM is the sixth largest network of independent audit, tax and consulting firms worldwide, encompassing over 120 countries, 820 offices and more than 48,000 people internationally.
In a joint statement to the media, Tuesday, the company said it will provide local expertise and experience to international clients of RSM which have a footprint in Nigeria.
Reacting to the announcement, Eben Joels, the Managing Partner of the Firm, said that as a leading global network, RSM advisers help middle market enterprises mitigate risk and achievement accelerated growth both locally and globally.
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Joel added that the middle market is the engine room of Nigeria’s economy and Stransact is well positioned to serve emerging entrepreneurs and local companies with global aspirations to further grow their businesses.
Clive Betty, RSM Regional Leader for Africa says, noted that a confident, resurgent Nigeria was critical to RSM’s plans in the region and for Africa as a whole.
“I look forward to working with the team in Stransact to support our local and international clients in Nigeria,” he said.
Stransact, has operated as Stransact Audit and Stransact Partners since 2009 in Nigeria, providing a full range of professional services to clients.
The Firm stressed that the current development aligns closely with the Firm’s vision of achieving accelerated growth and being a leading professional service firm in Nigeria.
With the recent announcement by RSM, Stransact is already positioning itself to become the fifth largest accounting firm in Nigeria due to its vast local regulatory knowledge and clients base that cut across all sectors of the economy.
According to the statement, “Nigeria is an important country for global business, and it is only logical that a leading network like RSM has a presence in Nigeria. Furthermore, The Economist forecasts Nigeria to have 400million people by 2050, meaning it will become the world’s third-most-populous country. Therefore, Nigeria will continue to remain relevant in global business despite its challenges.”