ACAMB, CIBN Hold First National Stakeholders Conference On Synergy Between Banking Industry And Organised Private Sector In Lagos
The first national stakeholder conference on the synergy between Banking Industry and Organised Private Sector put together by the Association of Corporate Affairs Managers of Banks (ACAMB) in conjunction with the Chartered Institute of Bankers of Nigeria has taken place.
ACAMB is the banking industry corporate communications and reputation management group with communication experts Rasheed Bolarinwa (Polaris Bank), Jide Sipe (Ecobank) and Abdul Imoyo (Access Bank) as its President, Secretary General and Publicity Secretary respectively.
The crucial conference – an initiative of the current leadership of ACAMB – where stakeholders made several suggestions and recommendations that will help in advancing the nation’s economy was held on August 3, 2022, at the conference hall of the Chartered Institute of Bankers of Nigeria – the Bankers House – on Adeola Hopewell Street, Victoria Island, Lagos.
Themed PROMOTING SYNERGY BETWEEN THE BANKING INDUSTRY AND THE ORGANISED PRIVATE SECTOR, the conference addressed issues of “confidence crisis” and “prolonged mistrust” that exist between the two key sectors of the nation’s economy.
Speaking at the event, ACAMB president Mr. Rasheed Bolarinwa maintained the conference became necessary to ensure the widening of the communication gap between the concerned sectors is worked and at the same time map out strategy towards achieving an enduring synergy.
“Despite series of efforts made by industry leadership to address and resolve the prolonged mistrust with its economic partners, however, there exists the widening of the communication gap between these two key stakeholders, thus signaling the need for a rethink of strategy toward achieving an enduring synergy.
It is against this background that the Association of Corporate Affairs Managers of Banks (ACAMB)—an industry corporate communication and reputation management Body—in partnership with CIBN and support from Deposit Money Banks (DMBs) in Nigeria, resolved to host the 1st National Stakeholder Conference on Synergy between the Nigerian Banking Industry and Organised Private Sector (OPS).” Mr. Bolarinwa’s welcome address partly read.
On his part, the president of the Nigerian Association Of Chambers Of Commerce, Industry, Mines And Agriculture (NACCIMA), Mr. Ide John Udeagbala, represented by Mr. Ayo Osunloye, who commended organisers for coming up with ideas, identified paucity of funds, low operating capabilities, weak infrastructure as well as weak influence on policy formulation among other things as factors militating against the OPS.
He (Udeagbala) said, “According to this policy document, some of the major challenges faced by Nigerian enterprises are as follows; on average, they have low operating capabilities and huge skills gaps in terms of management, technology, knowledge and attitudes. There is predominance of ‘necessity’ entrepreneurs over ‘opportunity’ entrepreneurs. They face weak infrastructure, especially in terms of power, transportation and workspace. They lack a collective voice and have relatively weak influence on policy formulation. They have poor access to vital resources, especially finance.”
The plenary session, anchored by Biodun Adedipe, a leading Economist/Consultant, had Deputy Governor of CBN, CEO, Banks Customers Association of Nigeria, Chairperson, Agriculture & Agro Allied Group, LCCI, NASME President, President NASSI, and Chairman Body of Bank’s CEOs as discussants, who did great jobs attending to questions and comments from attendees.
