CIBN charges bankers on professionalism, inducts 1,212 graduates

CIBN charges bankers on professionalism, inducts 1,212 graduates

The Chartered Institute of Bankers of Nigeria has inducted 1,212 graduated banking professionals at the 2023 CIBN graduates induction and prize award on Saturday, August 26th in Lagos.

The President/Chairman, CIBN,Dr Ken Opara, advice the graduate to continue learning and adapt to new changes.

The ceremony has its theme: “The Dynamics of Work and Current Realities: The Way Forward for Financial Service Professionals.

Opara said that the theme resonated deeply with the rapid changes that had continued to shape the landscape in the financial services
sector.

“We live in a world of unceasing transformation, fuelled by the convergence of technological
breakthroughs, shifting market dynamics, and changing customer expectations.

“According to a report by the World Economic Forum in ‘Future of Jobs Report 2022’; it was noted that by 2025, emerging technologies such as artificial intelligence, robotics, and data analytics are expected to drive significant shifts in labour markets, necessitating new skills and adaptability from professionals across all industries.

“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 is 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.

“It is imperative to state that as an institute, we are in tune with the dynamics shaping the financial services landscape and recognise
the profound impact of technological innovations, which have orchestrated a significant transformation within our industry,” he said.

The CIBN president pledged the institute’s commitment to executing strategic capacity-building initiatives that would bridge the skill
gaps and empower professionals.

According to him, this will help them to remain at the forefront of industry advancements while
also ensuring they’re sustained competence in an ever-evolving landscape.

The CIBN president, later announced that going forward, the induction ceremony of the institute
would be held twice a year, beginning
from February 2024