Business
CBN Advocates Framework To Safeguard Economy
The Governor of Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, has called for a framework that would safeguard the economy with the current spate of bombings across the country.
The governor made the call at the inauguration of the Business Continuity Institute (BCI), Nigeria Forum, in Abuja recently.
“Indeed, the current spates of bombings across the country by terrorist groups allude to the fact that our business environment is becoming more and more threatened.
“Therefore, there is the need for a framework that will enable us effectively respond to any crisis, safeguard lives and property and ensure stability and growth in our economic system,’’ he said.
Represented by the Deputy Governor (Operations), Mr Tunde Lemo, the governor, said many organisations had acknowledged the need for business continuity planning as essential priority for effective mitigation of natural disaster.
According to him, many have yet to discover that business continuity planning is also due diligence that must be on the strategic agenda of organisations.
He said that CBN agreed to sponsor the inauguration of the institute because it was part of its mandate to ensure the establishment of a sound, stable and safe financial system.
“On a macro level, we believe that a sound, stable and robust business environment will lead to economic growth, increase per capita income and enhance quality of life of the citizenry,’’ he said.
The CBN Director of Risk Management, Mrs Folake Fatuke, said the inauguration would promote professionalism and personal development in business continuity management in Nigeria.
She said that to have BCI, Nigeria Forum, would stimulate the development of Business Continuity management practices to improve organisational performance in Nigeria.
She commended the effort of the apex bank in training 20 staff to be BCI members and some banks for developing staff competence in the area.
It would be recalled that BCI was established in 1994 to enable members to obtain support from business continuity practitioners.
The institute has more than 6,500 members in 100 countries, including Canada, Japan, Switzerland and the U.S. as well as 2,500 organisations comprising the private and public sectors.
By the inauguration, Nigeria will be listed among the countries with BCI Forum in the world.
Nkpemenyie Mcdominic
Reports say that the training is designed to equip youths with practical technical skills for employment in the oil and gas and construction sectors, with emphasis on employability, safety, competence and self reliance.
In attendance at the flag-off ceremony this week, at the Petroleum Training Institute (PTI) Conference Hall, Effurun, were stakeholders, dignitaries, and political representatives, among others.
Dafinone, represented by his Chief of Staff, Adelabu Bodjor, said the initiative reflects a deliberate political investment in human capital development across Delta Central.
He explained that the training focuses on rigging and scaffolding, noting that “both are essential technical competencies required in industrial operations, construction projects, and oil and gas installations”.
Bodjor added, “The programme is intended to reduce dependency among youths by providing job-ready skills capable of supporting long-term economic opportunities and self-sufficiency. The initiative aligns with Senator Dafinone’s broader development agenda, which prioritises practical skill acquisition as a pathway to sustainable empowerment.”
Also addressing the participants, the NCDMB, Felix Omatsola Ogbe, represented by Mr. Teddy Bai, commended Dafinone for sponsoring the programme, describing it as “a timely response to critical manpower gaps in the industry”.
Bai explained that rigging and scaffolding remain safety-sensitive skills required across fabrication yards, offshore platforms, and construction sites, stressing that the programme bridges the gap between certification and practical competence.
He also charged the training consultant, OROH Contractors Limited, to maintain strict standards of professionalism, safety, and discipline, while urging participants to remain committed, focused, and disciplined throughout the exercise.
The Senate Liaison Officer for Sapele Local Government Area, Chief Patrick Akamuvba, , described the programme as a major step in strengthening human capital development in Delta Central.
Akamuvba said scaffolding and rigging skills are in high demand across residential, commercial, and industrial construction projects, noting that the training offers real employment opportunities for beneficiaries
He urged participants to prioritise knowledge and certification over short-term material expectations, stressing that discipline and seriousness would determine their long-term success.
He also cautioned youths against social vices and distractions, advising them to remain focused to maximise the opportunities provided by the programme.
