CEM REPORT, PRODUCTIVITY | Chartered Institute of Personnel Management of Nigeria’s (CIPM) has announced a total asset of over N2.23 billion for the close of the 2022 financial year.
The institute also recorded a surplus of about N376.82 million, translating to 185 per cent when compared to the N132.11 million it generated in 2021.
President and Chairman of the Governing Council, CIPM, Olusegun Mojeed, revealed this at the institute’s 54th yearly general meeting,
Attributing the increase to a 25 per cent growth in members’ funds, he noted that it was the first time the institute recorded such a feat.
Mojeed also said the institute recorded an 8 per cent growth in membership in the year.
“Our membership base increased with public and private sector engagements, corporate visits to institutions and the National Youth Service Corps (NYSC) across the Nation.
“We recorded a 19 per cent increase in student registration via the examination route, from 2,901 registrations in 2021 to 3,463 in 2022. Furthermore, we inducted 1,583 new members, representing an eight per cent growth when compared to 2021.”
He added that the year in review saw a jump of 66.9 per cent in candidates who registered for the institute’s professional examinations compared to the previous year.
He explained that 8,631 candidates enrolled for the exams in 2022 compared to 5,171 recorded in 2021.