CIBN and LBS Launch MBA/SMP/ACIB Program for Financial Expertise

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CEM REPORT, FINANCE | Two very notable organizations in the Nigerian business and financial education; Lagos Business School (LBS) and the Chartered Institute of Bankers of Nigeria (CIBN) have collaborated to launch an MBA/SMP/ACIB Programme.

The Chartered Institute of Bankers of Nigeria has taken several steps to enhance competence of members and value of the programs of the institute. This is a expression of the determination of the leadership of the Institute to measure up with the rate of dynamism and metamorphism of knowledge across the globe.

The programme launched on Thursday November 4, 2022 and patterned along other dual programmes existent around the world, offers dual qualifications of Master of Business Administration & professional designation of ACIB (MBA/ACIB) and Senior Management Programme (SMP) & professional designation of ACIB.

The President and Chairman of Councils of the Chartered Institute of Bankers of Nigeria, Dr Ken Opara, FCIB expressed delight over the final launch of the programme having signed the collaboration agreement with the Lagos Business School on March 11, 2022.

According to the President, this Programme is a local variant of the existing relationship the Institute has with Bangor University which offers a triple qualification of Masters Business Administration (MBA), ACIB Scotland and ACIB Nigeria.

Opara said the program is an exclusive pathway designed to fast-track the attainment of the Associateship status of The Chartered Institute of Bankers of Nigeria while enhancing competence and skills in the financial services industry.

He said; “this is an exclusive pathway designed to fast-track the attainment of the Associateship status of The Chartered Institute of Bankers of Nigeria while enhancing competence and skills in the financial services industry.

I will like to state that this Programme is a local variant of the existing relationship the Institute has with Bangor University which offers a triple qualification of Masters Business Administration (MBA), ACIB Scotland and ACIB Nigeria.”

One can say with confidence that the program will not fall short of the expected content and delivery in view of the capacity, competence and status of the two organizations that have come together in collaboration for its development.

The Nigerian Business School is one of the top recognized business institutions in the world offering premium standard programs and making remarkable impact in advancing business and financial knowledge in the West African subregion

In February, the graduate business school of the Pan-Atlantic University among eight others in Africa, got another 5 years accreditation from the Advanced Collegiate Schools of Business (AACSB), confirming its standard in the development and delivery of its MBA and short programs in business administration.

CIBN President said in confirmation; “We both brought our expertise to bear to develop high-value content that speaks to and resonates with professionals. This is because we understand that we live in a dynamic environment that changes all the time and as such places a demand on professionals to make quality informed decisions. The World Economic Forum projected in its Future of Jobs Report 2020 that more than half of all employees around the world need to upskill or reskill by 2025 to embrace the changing nature of jobs.

Hence, these Programmes will give premium opportunities to the participants to update their managerial skills and strategic thinking and also enable them to gain a thorough understanding of the current business context thereby aiding them to implement strategies for effective change processes.”

In a presentation, the Lagos Business School highlighted the status of the African economy and the need to build competent individuals to advance the economy of the continent. It further highlighted the needed competence achievable through the institution’s programmes

Leaders, business leaders, senior managers and executives with new business thinking and who can implement new business models that will propel businesses in a new trajectory and contribute to the economic growth of national economies.”

These are individuals “equipped with the knowledge, skills and confidence to identify problems, implement plans and effectively make business decisions”

Opara encouraged stakeholders to explore this opportunity to advance their skills and fit into the opportunities that will abound.

He said; “let me encourage our stakeholders to become deliberate in tapping into this available opportunity”. While quoting Theodora Lau, Founder of Unconventional Ventures, he implored stakeholders to “Treat skilling as a business investment, not an expense.”

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