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CIBN Urges Inductees To Be Innovative

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8 years ago

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The President, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola   last Saturday  urged the newly inducted members to be innovative, rather than searching for employment.
Ajibola spoke at the 2017 CIBN Graduates Induction and Prize Award in Lagos.
He said that entrepreneurship has been a veritable solution as the global economies continue to find viable alternatives toward addressing social and economic challenges.
The Tide source reports that 1,034 graduates consisted of 234 newly qualified associates were inducted.
The theme is: “Entrepreneurship Mindset: A Critical Success Factor for the 21st Century Professional.’’
The CIBN president said that the emerging trend was a shift to a performance economy whereby temporary and flexible jobs were routine.
“Companies tend toward hiring independent contractors and freelancers instead of full-time employees.
“Analysts predicted that performance economic system will likely overturn the concept of full-time works that focus on lifetime careers.
“The primary factor that will facilitate this transition is digital disruption that makes workforce increasingly mobile and virtual, thereby decoupling jobs and location,’’ he said.
Ajibola implored the new inductees that were conferred with CIBN certificates to translate the knowledge they acquired into an entrepreneurial mindset.
He said: “Wherever you find yourself, whether employed in the private, public sector or self-employed, the critical success factor is to think, feel, speak and act like a business owner.
“ For those in the paid employment, there must be a paradigm shift from civil service mentality of whether the owner sells the bunch of palm leaves or not, the load carrier will collect his due.
“Also the slogan, I will do it well, when I start my own business. You may not do any better, because in the words of Aristotle, `we are what we repeatedly do.’
“The place to start is on your current job, do not wait until you start your own business.’’
Also, Mr Olabode Augusto, the Founder, Augusto & Co. Ltd., said that the rate at which the economy was creating jobs was not keeping pace with the population growth.
Augusto said in spite of the large fast growing population being a problem, “it presents significant opportunities for the entrepreneur who can provide solutions to segments of the population that have the capacity and willingness to pay’’.
He advised the new CIBN graduates to target their products and services at those who have capacity and willingness to pay.

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Kenyan Runners Dominate Berlin Marathons

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2 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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2 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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2 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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