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Published On: Fri, Jul 4th, 2014

Unemployment: Nigeria needs 24m jobs yearly, says CIBN chairman

Chairman Council of Chartered Institute of Nigerian bankers (CIBN), Otunba Debola Osibogun

Chairman Council of Chartered Institute of Nigerian bankers (CIBN), Otunba Debola Osibogun

By Maryam Garba Hassan

Chairman Council of Chartered Institute of Nigerian bankers (CIBN), Otunba Debola Osibogun, has said that Nigeria needs 24million jobs yearly to bridge the gap of unemployment currently faced in the country. Osibogun made the disclosure on Wednesday in Abuja at a national Conference of educators in banking and finance in Nigeria, jointly organised by the council and the National Universities Commission (NUC) with the theme: Banking and Finance Education in Nigeria: The 21 Century Perspective”.

She said the business and economic banking sectors can help secure jobs as there is a great short fall in competent man power to drive the needed change.

She said no country could claim to be developed without a vibrant economy. In her key note address, Dr. Celestine U. Njoku, Rector, Federal Polytechnic Nekede, Owerri, said Nigeria cannot achieve financial stability when her youth are not equipped with financial knowledge and are not financially prudent. She urged the Nigeria government to introduce banking and finance as a subject in primary schools and do same in tertiary institutions’ curriculum. She said inadequacy of curriculum and knowledge gap is affecting banking and finance education in Nigeria.

The educationist also calls for the review of the nation’s curriculum to be functional, adequate and relevant. Osibogun also urged the Nigerian government to ensure that the curriculum when reviewed is flexible not rigid. Earlier in his welcome address, Executive Secretary of NUC, Prof. Julius Okojie, said there is need to restructure the quality of the programme to develop Nigeria’s students in core areas. He said the objective of the programme is to interact with professional bodies and to deepen knowledge in the areas of banking and finance.

 

 

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