Institute reiterates resolve to strengthen banking, finance education

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A man holds up his mobile phone showing a M-Pesa mobile money transaction page for the photographer at an open air market in Kibera in Kenya's capital Nairobi December 31, 2014. Safaricom, Kenya's biggest telecoms firm, is a model of how technology can be used to financially include millions of people with mobile telephones but without access to traditional infrastructure such as the banks that are available to the wealthy or those living in cities. Safaricom in 2007 pioneered its M-Pesa mobile money transfer technology, now used across Africa, Asia and Europe. It proved that money can be made from people who earn a few dollars a day. REUTERS/Noor Khamis (KENYA - Tags: BUSINESS SOCIETY SCIENCE TECHNOLOGY TELECOMS) - GM1EACV1IZY01

By Ginika Okoye
Abuja, May 10, 2022 The Chartered Institute of Bankers of Nigeria (CIBN), has reiterated its resolve to strengthen banking and finance education to encourage professionalism in the country’s banking industry.

A statement issued by Mr Nelson Olagundoye, Head, Corporate Communications of CIBN, said the institute’s President, Dr Bayo Olugbemi, said this at the groundbreaking of the CIBN Bankers’ Hall in Nasarawa State on Tuesday.

Olugbemi said the institute would strengthen banking education through the infusion of professional elements into the teaching and learning of the courses for enhancement of the profession.

The president said the institute had commenced the construction of a 160-seater lecture theatre to be equipped with ultra-modern gadgets at the Federal Polytechnic, Nasarawa.

Olugbemi said the move was part of efforts toward achieving the goal to strengthen the courses.

“In order to strengthen the performances of banking and finance graduates in the country, the institute embarked on a linkage programme, which commenced at the Federal Polytechnic Nasarawa in 2021.

“The CIBN Bankers’ hall will serve as the melting pot for the training and development of future ready bankers.

“This project represents our contribution to the development of banking and finance education in Nigeria, bearing in mind that government alone cannot provide all that is required for quality education, especially at tertiary level,’’ he said.

Olugbemi, however, said that revitalising the educational system of the country was the collective responsibility of all stakeholders.