• Tuesday, December 05, 2023
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CBN sees FITC as Harvard Business School of Nigeria


The Central Bank of Nigeria (CBN) has said that in the next couple of years Financial Institution Training Centre (FITC) will be likened to the Harvard Business School of Nigeria.

This is coming on the heels of the Institute’s contributions to the Nigerian financial system, particularly in the area of capacity building.

Speaking at the official launch of three new innovative products by the Institute, Kingsley Moghalu, Deputy Governor, of CBN, in charge of the Financial System Stability (FSS) Directorate, commended FITC for setting the pace in financial learning and also for its contributions to the Nigerian financial system.

Continuing he said “In the next couple of years FITC will be likened to the Harvard Business School of Nigeria”

He also noted the products on parade by FITC tally with the on-going reform by the CBN to restore stability in the country’s financial sector.

Introducing the Virtual learning, which comprises Basic Credit Analysis and Bank Inspection and Internal Control Tunde disclosed the training institute has hit the 50,000 mark of participants to have gone through the institute. He acknowledged the importance of the product for the development of human capacity in the financial sector. He also stressed the flexibility of the product as it allows participants to learn from any part of the world at there own time and pace.

In a bid to expand its frontiers in the Nigerian financial system FITC recently launched three new innovative products to entice professionals in the financial sector to the institution.

The new products are; FITC Virtual Learning, FITC e-recruitment, FITC Virtual Library and the Corporate Governance Board Training to commence before year end.

Lucy Surhyel Newman, Managing Director FITC, in her opening remarks at the product launch held in Lagos, said the innovative products was necessitated out of the institutions desire to meet up with the demands of the ever evolving Nigeria’s financial sector.

According to her, the product launch is also part of the transformation process of the company implemented by the management to help re-position the institution as the benchmark for financial learning in Nigeria.

On a brief overview of the products, she said the virtual learning which currently offers two courses; Basic Credit Analysis and Bank Inspection courses will serve as an alternative medium to deliver some of its training programmes in a convenient way to its participants.