How we have impacted Nigeria's Economy - CIBN

By emmanuel MALAGU

The Chartered Institute of Bankers of Nigeria (CIBN) says its recent Programmes have positively impacted Nigerians, especially in Digitisation, Youth Empowerment, and Professional Ethics.

CIBN President, Pius Olanrewaju, revealed this at the Institute’s 2025 Annual General Meeting held in Victoria Island, Lagos.

He highlighted Key Achievements in Youth Development, Gender Inclusion, Capacity Building, and Innovation—all aimed at improving the Banking Profession and National Development.

Olanrewaju stressed that Banking should not operate in isolation but must include People-focused Initiatives that enhance Livelihoods.

He noted the Institute had fully digitalised its Internal Systems to align with Global Banking Standards and efficiency.

The CIBN President also emphasised the promotion of Ethics and Professionalism as Pillars for the future of the Nigerian Banking Industry.

He highlighted the Institute’s Gen Z Initiative, which has attracted more Young People to Banking as a Career Choice.

“We cannot prepare the future for Youth, but we can prepare Youth for the future,” he said, emphasising entrepreneurship Training.

Olanrewaju also confirmed the completion of a 160-Seater Legacy Project at Lagos State University of Science and Technology, Ikorodu.

He revealed that Construction of a similar CIBN Bankers’ Hall would begin at the University of Nigeria, Nsukka later in 2025.

He said these Projects were designed to train Aspiring Bankers and build Future-Ready Professionals across Institutions.

He encouraged other Institutions to replicate CIBN’s efforts, stating such Initiatives could significantly improve Citizens’ Lives Nationwide.

“Our focus remains People-centred. We are committed to supporting Communities and empowering Individuals,” Olanrewaju assured.

He listed CIBN Institutions now seen as Global References and noted active Collaborations with Local and International Governments.

In spite of 2024’s Economic Challenges, he appreciated Stakeholders’ support, crediting the Institute’s Growth to Resilience and Strategic Adaptability.

He also noted that the Digital Transformation Project he inherited was nearing completion and would be unveiled in Phases.

Speaking on the Economy, he observed that Nigeria showed Resilience in 2024, especially with the Bank Recapitalisation drive.

Citing Official Data, he said Nigeria’s Economy grew by 3.84 per cent year-on-year in Q4 2024, outperforming previous quarters.

“This Growth exceeds the 3.46 per cent in Q4 2023 and the Q3 2024 Rate,” Olanrewaju explained.

He added that the Institute’s efforts and National Reforms collectively signalled strong, broad-based Economic Recovery.

Credit NAN: Texts excluding Headline