CIBN President Calls for Enhanced Technology Adoption in Banking Sector

Nume Ekeghe

The President/Chairman of Council, the Chartered Institute of Bankers of Nigeria (CIBN), Ken Opara, has urged banking professionals to adapt to the rapid changes shaping the financial services sector.

He added that with statistics suggesting that 40 per cent of core skills required for existing roles are expected to shift by 2025, he emphasised the need to align skills with emerging industry demands. 

He said this over the weekend at the 2023 Graduates induction and prize awards day in Lagos were CIBN inducted a total of 1,212 graduates, comprising 27 from the CBMBA route, 29 from the MSc/ACIB route, 354 with the ACIB designation, and 804 as Microfinance Certified Bankers.

He said: “The theme for this occasion, “The Dynamics of Work and Current Realities: The Way Forward for Financial Service Professionals,” resonates deeply with the rapid changes that has continued to shape the landscape in the financial services sector.

“Statistics from the same report underline the urgency of embracing change: approximately 40 per cent of the core skills required to perform existing roles in financial services sector are expected to change by 2025. This underscores the importance of aligning our skill sets with the emerging demands of the industry, enabling us to navigate the disruptions and seize the opportunities that lie ahead, ”he said.