KEY POINTS
- Nigeria faces a shortage of finance professionals in universities.
- CBN to collaborate with NES and NESA on mentorship initiatives.
- Simplifying monetary policies is crucial for public comprehension.
Governor Olayemi Cardoso of the Central Bank of Nigeria has underlined the necessity of addressing the lack of qualified experts in finance-related fields in Nigerian colleges.
Cardoso stresses need for skilled finance professionals at Nigerian universities
The Central Bank of Nigeria said in a press release on Sunday that Cardoso made the comments at a strategic meeting at the CBN headquarters in Abuja with Adeola Adenikinju, president of the Nigerian Economic Society, and other officials, including members of the Nigerian Economics Students Association.
According to the announcement, “Olayemi Cardoso, governor of the Central Bank of Nigeria, has reaffirmed the bank’s commitment to cultivating the next generation of leaders in the financial and social sciences sectors.”
Cardoso also emphasised how critical it is to address the lack of qualified experts in finance-related subjects at Nigerian academic institutions. He underlined the importance of providing youth development opportunities, stating that developing a competitive financial industry requires equipping young people with pertinent skills.
He emphasised that the Financial System Strategy, which is essential to Nigeria’s economic development, depends on a robust talent pipeline.
Cardoso promoted mentorship initiatives among the Nigerian Economics Students Association (NESA), the Nigerian Economic Society (NES), and the CBN. He claimed that this kind of cooperation would provide pupils with the skills they need to succeed in the field. He also emphasised how crucial it is to make economic ideas simpler, pointing out that good communication is essential to assisting the general public in comprehending monetary policy.
Mentorship programs proposed to bridge talent gaps in financial sector
Gov. Cardoso emphasised the necessity of setting up mentorship collaboration with NES and NESA to help both associations accomplish their goals after hearing presentations by NES and NESA members on research topics, suggestions, and ongoing activities that could help the CBN fulfil its mandate, Punch reported.
Cardoso also underlined how young economists may help make complicated economic concepts easier to understand and offer more distinct viewpoints on monetary policy.
The governor reiterated the CBN’s dedication to collaborating with NES and NESA, stating that the partnership would foster diversity, innovation, and increased representation of women in the industry.
Adenikinju highlighted topics including research support, internships, and workshops to convey the society’s wish for closer cooperation with the CBN. Additionally, he advocated for improved social media usage to convey economic policy.
