ABUJA, Nigeria (May 6, 2024) – The Central Bank of Nigeria (CBN) is taking a lead role in strengthening project management skills across West Africa. In collaboration with the West African Institute for Financial and Economic Management (WAIFEM), the CBN launched a five-day regional workshop on Monday.
Building Capacity for Improved Project Outcomes
The workshop, titled “Regional Workshop on Project Management, Monitoring & Evaluation using Results-Based Management,” aims to equip participants with the knowledge and tools necessary to effectively manage projects. The program runs from May 6th to 10th, 2024, and features distinguished facilitators and attendees from across the West African region.
Dr. Yusuf Bulus, representing CBN Governor Olayemi Cardoso, officiated at the opening ceremony. Bulus emphasized the critical role of monitoring and evaluation (M&E) in project success. “A strong M&E framework is the foundation of any development project,” Bulus remarked. “It ensures projects are implemented effectively and achieve their intended goals.”
Workshop Focuses on Practical Applications
The workshop curriculum delves into practical applications of project management principles. Participants will explore best practices for efficient resource utilization in various sectors, including healthcare, education, and construction. The program also addresses the challenges posed by growing human conflicts, geoeconomic fragmentation, and climate change.
Workshop organizers highlight the importance of M&E in promoting transparency, accountability, and early problem identification. Effective M&E systems allow for improved decision-making and the replication of successful projects.
Collaboration for Regional Growth
The Director General of WAIFEM, Dr. Baba Musa, expressed his appreciation to Nigerian President Bola Tinubu and CBN Governor Cardoso for their support. Musa emphasized the significance of the workshop, stating, “This program represents a major step forward in enhancing project management capabilities across West Africa.”
The workshop is expected to equip participants with valuable knowledge and skills that will translate into improved job performance and ultimately, better project outcomes throughout the region. The program fosters collaboration and knowledge sharing among West African professionals, promoting regional economic growth and development.
Source: Punch
