The President/Chairman, CIBN, Dr. Ken Opara, Ph.D., FCIB 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, fueled 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 labor 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 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.
“It is imperative to state that as an institute, we are in tune with the dynamics shaping the financial services landscape and recognize 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 skill gaps and empower professionals.
According to him, this will help them to remain at the forefront of industry advancements while also ensuring their sustained competence in an ever-evolving landscape.
Opara, who celebrated the inductees, said that they represented the future of the industry.
He said, “We are confident that your knowledge, skills, and ethical values will contribute significantly to the continued growth and development of the financial services landscape in Nigeria and beyond.”
The CIBN president, later announced that going forward, the induction ceremony of the institute would hold twice a year, beginning in February 2024.
This, he said, was a strategic move by the institute to ensure it turned out graduands more rapidly and enable them to use the ACIB/MCIB designations almost as soon as they completed their program.
Guest Speaker, Mrs. Olanike Martins, Chief People Officer, Premium Trust Bank, in her 20s year experience, shared an insight into her wealth of knowledge and expertise in human resources and organizational dynamics, which are instrumental in the face of evolving work realities.
Martins urged young folk to acquire skills and talent as the world is changing digitally, and new trends to triumph in job delivery.
She said: Adapting to the development will contribute significantly to the continued growth and development of the financial services landscape in Nigeria and beyond.