Parallex Bank MD Urges Varsities to Build Resilient Systems for Performance

Funmi Ogundare 

The Managing Director of Parallex Bank, Dr. Olufemi Bakre, has called on Nigerian universities to adapt and thrive in rapidly changing internal and external factors affecting organisational sustainability.

Bakre made this call recently at a workshop organised by the Committee of Vice-Chancellors of Nigerian Universities (CVCN) in Lagos, themed ‘Organisational Wellness for Enhancing Innovation and Resilience in Nigerian Universities’, highlighted the multifaceted challenges that academic institutions in Nigeria are currently facing.

The programme aimed to strengthen the focus on organisational wellness and its significance in enhancing university performance.

Bakre explained that fostering innovation and resilience is now crucial for their survival in today’s fast-paced and ever-evolving world.

“Nigerian universities are nurturing grounds for future leaders, researchers, and professionals. Hence there is a need for vice-chancellors to prioritise organisational wellness as a fundamental pillar for progress,” said Bakre. “This approach entails addressing not only the mental, physical, and emotional well-being of individuals within the universities but also creating an environment that fosters growth and supports personal development.”

The MD described the global landscape as volatile, uncertain, complex, and ambiguous, saying he believed that embracing organisational wellness would enable the universities to build resilience and drive innovation, ultimately contributing to the advancement of Nigerian society.

Highlighting the role of universities in shaping graduates’ skills and mindsets for future challenges, he stated that their efforts contribute to building a prosperous and sustainable society while urging vice-chancellors to embark on a journey towards organisational wellness, unlocking the true potential of universities and paving the way for a brighter future for Nigeria.