The President of the Chartered Institute of Bankers of Nigeria (CIBN), Ken Opara has said Nigeria is home to one of the best payment systems in the world.
According to the CIBN boss, Nigeria’s payment system is so fast and reliable that in most cases users initiate payment and beneficiaries get the value almost immediately.
Opara revealed this on Friday at a media parley on the institute’s forthcoming 15th annual conference to share ideas on how to address changing trends in the industry.
According to him, the conference will hold physical and virtual from 13th to 14th September 2022 at the Transcorp Hilton Hotel, Abuja and through Zoom Teleconferencing, with dignitaries from around the world in attendance.
The theme of the conference is: “Repositioning the Financial Services Industry for an Evolving Glocal Context”.
“The banking industry has continued to evolve; technological innovation is the thing in the industry.
“The financial system is the only industry today that you can see the kind of innovation that is going on.
“It is one of the few industry in the world to have an online real-time payment services as much as possible.
“But we think that the industry is dynamic, changes continue to come up globally.
“You can see what is happening in the supply chain, you can also see what is happening in the Russian-Ukraine space as much as possible.
“So, the idea is basically to have this conference that will provide a platform to share ideas on how to address changing trends in the industry and how things are coming up.
“Also, how do we build capacity, how do we energise our people, how do we ensure that the new generation of people continue to be relevant in the industry,” Opara said.
The event would be organised through a Consultative Committee, chaired by the Managing Executive Officer, Sterling Bank Plc, Mr Abubakar Suleiman.
Dignitaries expected to grace the conference include; President Muhammadu Buhari, Vice President (Prof.) Yemi Osinbajo, Governor Babajide Sanwo-Olu, Mrs Zainab Ahmed, the Minister of Finance, among others.
The Central Bank of Nigeria Governor, Godwin Emefiele, would be the Chief Host of the Conference while the CIBN President would be the host.
