CBN introduces Competency framework process to improve standards

Image result for CBNThe central bank of Nigeria has appointed the Chartered Institute of Bankers of Nigeria as the sole accreditation agency of the planned implementation of the competency framework for the banking industry in Nigeria.

President of the CIBN made this known at a media briefing in Lagos.

Our Correspondent reports that the introduction of the competency framework is a conscious step to redirect the banking industry towards the path of entrenching a sequenced competency development programme and ensuring that staff of banks qualify for the job roles the occupy.

This media briefing is aimed at bringing bankers and other professionals in the industry up to speed with the standards of knowledge and skills needed to be attained by persons seeking to become members of the banking profession.

Initiatives like this remain commendable but industry watchers are worried about proper implementation.

The chartered institute of bankers believes this wont be a problem.

The conclusion here is that this development will provide standards for training, certification, evaluation and accreditation to ensure the provision of quality training in the Nigerian banking industry.

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