Prof. Segun Ajibola, President, the Chartered
Institute of Bankers of Nigeria (CIBN), says the 22nd World Conference of
Banking Institutes (WCBI) will strengthen financial literacy.
Ajibola made the
assertion at a news conference on the forthcoming of WCBI holding in Lagos from
April 24 to 28.
He said that the
conference would play cardinal role in the fulfilment of the Financial System
Strategy 2020 (FSS 2020), a programme meant to deepen the financial literacy in
the country.
The CIBN president said
the institute would ensure that by 2020, the number of financial illiterates in
Nigeria would have been reduced, irrespective of whether they were in the rural
or urban areas.
He said, “FSS 2020 is
rethinking the future of banking and finance.
“What should be
happening and where should people be by 2020 as far as financial literacy is
concerned.”
Ajibola said that the
conference theme is entitled: “Re-thinking the Future of Banking and Finance
and Lifelong Learning.”
He said that the theme
was aimed at addressing the issues of financial strategies and the likely
happenings in the immediate and in the long-run.
“The objective of the
conference is to review and keep abreast of challenges in the domestic and
global financial system,’’
Ajibola said.
Ajibola said.
The CIBN chief said
that the conference would also underscore the crucial role played by the
banking and financial services sector in the global economy.
He listed others to
include exploring management issues in the financial services sector and its
impact on national and global economies.
Ajibola said that the
conference would allow over 750 participants from all continents of the world
to understand the impact of technology and globalisation on the financial
service.
“We want to reflate our
economy and attract investments in the country.
“The conference will
provide a veritable platform for the country to showcase to the entire world
its rich cultural heritage and investment potential,” he said.
The CIBN president also
said that the conference was a biennial global forum that would bring together
professionals from the financial services sector and stakeholders across the
global.
He said that they would
discuss pressing issues facing the financial industry.
Ajibola said that the
Global Banking Standards Board (GBEStB) would be launched at the conference,
being the first in West Africa.
Ajibola said that
hosting of the conference was timely considering the fact that the country was
in search of viable alternatives toward repositioning the Nigeria economy.
He said, “We want to
reflate our economy and attract investments to the country.”
Ajibola said that Gov.
Akinwunmi Ambode of Lagos State, had adopted the conference to be part of the
state’s activities to celebrate 50 years of the creation of Lagos State.
The Chairman,
Organising Committee, Dr Segun Aina, said that CIBN commenced the journey about
four years ago.
Aina said it was in
2013 that Nigerian delegation to the World conference in Kenya proposed to host
it and the Governing Council approved that CIBN should bid to host the 2017
edition.
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