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Tag: Nigerian Institute of Management

  • NIM reaffirms commitment to world-class practice

    NIM reaffirms commitment to world-class practice

    Nigerian Institute of Management (Chartered) has reiterated its commitment to promoting world-class management practice as it hosted 2025 Management Day Lecture at  the Oriental Hotel, Lagos.

    The event, an annual intellectual gathering in honour of global management pioneer, Peter Drucker, showcased NIM’s leadership in driving excellence, sustainability and ethical governance in Nigeria’s public and private sectors.

    With the theme: “Sustainable and Purpose-Driven Organisations: ESG, Circular Economy and Beyond,” this  edition provided a dynamic platform for rethinking the future of organisational leadership in Nigeria.

    President and Chair of Council of the institute, Commodore Abimbola Ayuba (rtd), described NIM as the nation’s symbol and custodian of management excellence.

    He urged Federal Government to declare November 19 as a national day to celebrate the management profession, noting strong management practices are indispensable to building resilient institutions and a prosperous nation.

    Delivering the keynote lecture, Niyi Yusuf, managing director of Verraki Partners and chair of NESG, explored the fast-rising global prominence of ESG principles and circular economy. He noted that the global ESG investment market, valued at US$35.48 trillion, is projected to reach US$167.49 trillion by 2034, a signal that sustainability has become an essential driver of organisational relevance. Yusuf observed that Nigeria is making progress with governance codes but stressed the need for stronger enforcement and coordination.

    Read Also: VFS Global expands smart visa services for Nigerian group travellers

    He reiterated that ESG should be viewed not as a cost but as a long-term investment in organisational longevity. While acknowledging Africa’s climate-related vulnerabilities, he said the continent also stands before immense green investment opportunities if decisive action is taken. According to him, the task before Nigeria goes beyond economic development to nurturing a stronger moral foundation. “Profit sustains an organisation, but purpose sustains a nation,” he said.

    ne of the major highlights of the day was the conferment of Fellowship on distinguished professionals who have met the institute’s rigorous criteria.

    The  institute conferred its first-ever Honorary Fellowship on His Eminence, the Sultan of Sokoto and President of the Nigerian Supreme Council for Islamic Affairs, Alhaji Muhammad Sa’ad Abubakar

    in recognition of his exceptional leadership and contributions to national development.

    The Honorary Fellowship awarded to Lagos State Governor, Mr. Babajide Sanwo-Olu, was received on his behalf by the Secretary to the State Government, Mrs. Abimbola Hundeyin.

  • Strengthen education, demonetize politics, NIM urges FG

    Adeyinka Akintunde

     

    President of the Nigerian Institute of Management (Chartered) Professor Olukunle Iyanda, has urged the federal government to strengthen education of her citizens and de-monetization of politics as a way of strengthening democracy in Nigeria.

    Iyanda, speaking in Lagos at a press briefing on Wednesday, said that people voting for those with a good track-record during elections, and demonetizing politics, to make it less financially attractive will encourage good people to go into governance.

    The erudite scholar also spoke on the issue of national unity, asserting that “our problem may be that we have not adopted a structure suitable for Nigerian characteristics. Our characteristics include the fact that we are large in terms of size and number, and we are heterogeneous.

    “We need to adopt a structure in which all the constituent units can adopt their peculiarities without compromising their national interest. It is the lack of these that causes disharmony and conflict in the country.”

    Iyanda further urged the federal government  to address the infrastructure deficit, security issues and political inconsistencies suffered by the country.

    Read Also: NIM demands release of Sowore, to go ahead with planned protests

    According to him, it is possible to lift people out of poverty “but we need to adopt the right policies, focus more on people than on politicians and be less partisan.

    “If you want to lift people out of poverty, do not give them money, but empower them with jobs. The only way to create jobs is to be productive and you cannot be productive without electricity and good roads,” Iyanda said.

    On the issue of food security, Iyanda wondered whether Nigerian would ever attain development if she keeps importing food from other countries.

    For him “no grain of rice or tomatoes should be imported into Nigeria. We can produce rice, as well as tomatoes, and even export then to other countries.

    “We should encourage agriculture in this country. If we do, we will not import from outside.”

    The President and Chairman of Council, NIM, told journalists that the institute, as part of its contribution to nation building, would hold national management conference with the theme: “Managing the Challenges of Democracy”.

    He said the conference, which is scheduled to hold from 15th to 17th September, in Abuja, hopes to proffer various solutions to improving Nigeria’s democracy and making it impact more on citizen’s welfare.

    He said that at the end of the conference, the institute would send a position paper to the government to help in tackling the challenges of governance.

  • Olalekan Olugbemi emerges winner of NIM 2019 Young Managers’ Competition

    Adeyinka Akintunde

     

    Olalekan Olugbemi on Wednesday emerged winner of the 2019 Young Manager Competition of the Nigerian Institute of Management.

    Olugbemi, speaking in the Management House, Victoria Island Lagos on the topic “Implications of evolving technologies on business modelling” walked away with the winning price of N1.5 million naira.

    He beat Agbolade Ruth, Juliet Erifesi, and Michael Nnumolu who finished second, third and fourth respectively.

    They got 800,000 naira, 500,000 naira, and Management training at NIM headquarters, valued at 200,000 naira in that order.

    In his presentation, Olugbemi noted that “man cannot outgrow technology. As we evolve with the world today, technology will always go a step further.

    Read Also: NIM demands release of Sowore, to go ahead with planned protests

    “Today we can sit in the comfort of our houses and order for Uber to come and take us somewhere. Who knows if in the nearest future, we will have cars flying, because they want to avoid traffic?”

    The 2018 winner of the competition, Ayodeji Odeleye, in his open address, noted some benefits he enjoyed participating in the competition.  According to him, being a part of the exercise taught him skills in presentation critical thinking.

    “I appreciate the management of the institute for this competition and for the opportunity given to the youths.

    “Last year, I enrolled for the YMC competition, and I learnt about critical thinking and how to solve problems. I learnt presentation skills and it has helped me. I believe that you cannot present everything unless you can communicate effectively.” He finally urged the participants to take the opportunity seriously.”

    The President and Chairman of Council,  Nigerian Institute of Management (NIM), Professor Olukunle Iyanda,  who was represented by the deputy president,  Mrs.  Pat Amador said in his opening remarks that “The Young Managers’ Competition, one of the institutes contribution to youth development and empowerment is an annual competition established in 1974 to encourage practicing young graduate managers between the ages of 25 and 40 years, endowed with creative ability to hone their skills in conducting independent in-depth research into management related problems with a view to proposing new solutions to them”

    “For this year’s competition, a total of one hundred and three young managers (men and women) purchased the application forms out of which seventy-seven participated in an online qualifying test. At the end of the online test, four nominees from corporate members of the institute joined the fifteen persons that passed the online test and the best eleven were then picked after another round of assessment to be part of the final stage of the competition.

    “In the last two days, the eleven contestants, broken into four teams have been involved in rigorous and demanding tasks, leading to today’s finals.”

  • Focus on leadership to attain full potentials, NIM urges Nigerians

    Adeyinka Akintunde

     

     

    Nigerians have been urged to pay attention to three key areas of leadership, sound policies and strong institutions in order for the economy and the country at large to attain its full potentials.

    This was the submission of a former governorship aspirant of Osun State, Dr. Akin Ogunbiyi at the 2019 Distinguished Management Lecture of the Nigerian Institute of Management (NIM), which took place in Lagos, on Tuesday.

    Speaking on the theme, “Nigeria’s Progress, Principles and the new Metrics”, Ogunbiyi said that Nigeria is not suffering from lack of ideas and policies that can sharpen the economy, as there are abundance of well-written policies visions and reform agenda, but the problem is implementation of these policies, which has made international commentators describe the country as a failing state.

    “Nigeria is replete with brilliant impeccable and well written policies, visions and reforms agenda. The problem is implementation. The policies, visions and agenda often end up as paper-works rubbished by insincere implementation efforts and corruption. For example launched in November 2003, the formulation and implementation NEEDS, National Economic Empowerment and Development Strategies, did not sort out our needs by 2008; its target date”, Ogunbiyi noted.

    Ogunbiyi, who is the Chairman, Mutual Benefit Assurance Plc, further lamented that little or no attention is given to the average Nigerian on the street.

    He recalled that “Dr. Oby Ezekwesili noted recently that an input variable or essential parameter for the desperately needed economic growth is Qualitative and Relevant Education.

    Read Also: President, Nigerian Institute of Management visits Tambuwal

    Ogunbiyi, pointed out some new metrics needed to change the narrative of the Nigerian economy, development.

    Some of them, he said,  include Good governance encompassing rule of law, peace and security, education and knowledge, investment and saving.

    On his part, the President and Chairman of Council, NIM, Professor Olukunle Iyanda called for new ways to do things for progress to be achieved.

    Represented by the Deputy President, Mrs. Pat Anabor, Iyanda said “For the nation to move in the right direction there is need to change the old ways of doing things. There is also need for attitudinal change and value reorientation. The interest of the nation must be put first at all times.

    “The task of getting the country up and running on the right path should not be left for government alone; all hands must be on deck to take Nigeria to where we all want it to be.”

  • Nigerians urged to maintain healthy activities

    Nigerians have been urged to maintain simple activities to keep them in good health, as being healthy is the first step to acquiring wealth.

    This was the summation of the Nigerian Institute of Management (Chartered) at its maiden Health Talk, in Victoria Island, Lagos on Wednesday.

    Speaking on the theme “New Models and Realities in Personal Health Management” the President NIM, Professor Olukunle Iyanda said “Managers do not just manage others and resources but also manage themselves, their relationships, their health, and their spiritual acts. We need to remind ourselves of simple but vital activities we need to undertake periodically in order to maintain ourselves in good health without which we could not produce any wealth.”

    Stating the importance of health, Iyanda stated that the economists do not believe that health is wealth “because health, unlike wealth, cannot be transferred.” He however said that the economist knows very that wealth can only be built by and on good health.

    The President advised managers to remain updated on developments in health management.

    Read Also: Five health benefits of ginger

    “We need to keep abreast of developments and innovations in professional health management, as much as we do of development in, say, for example, information and communication technology.

    Guest Speaker Dr. Oyebanjo Kale, a Consultant Pathologist, said while delivering his lecture that treatment is now going back to nature, where it started.  He earlier defined health as “complete physical, mental and social well being, and not merely the absence of diseases”.

    For him, “Western medicine is good, but it might not work all the time. Some of it will fade away in ten years’ time. It is good to follow nature, in getting treatment.”

  • Choose leaders that will give you the Nigeria you want – NIM

    Adeyinka Akintunde

     

     

    Ahead of the 2019 general elections, Nigerians have been urged to choose the leaders that will give them the nation of their dream, and not vote based on tribe, sentiment or favouritism.

    The advice was offered  at the press briefing for the 2018 Annual National Management Conference (ANMC) on Thursday at the NIM premises in Victoria Island, Lagos.

    President of the Nigerian Institute of Management (NIM), Professor Olukunle Iyanda (FNIM) said that Nigerians should not vote for strangers who will not feel what the common man is going through.

    He said Nigerians should vote for people with love and sympathy for the common man.

    “Every Nigerian should vote his or her conscience. Nigerians should vote for the candidate that will give them the country that they want.  In choosing leaders, it is important to check their integrity, and how successful they have been in handling their individual institutions.”

    Iyanda explained that the choice of the theme for the 2018 ANMC as “Re-Engineering Leadership for National Transformation” is influenced “by the current loud and persistent national discourse which has focused on the need change in the way Nigeria is currently organised and managed.

    Our concern, he said derives from our awareness of the relationship between organizational performance and effectiveness and its structure.

    Read Also: NIM urges leaders to evolve with change

    The President hoped “that the Conference would proffer suggestions as to the re-engineering that needs to be carried out in order to address the challenges of structure and management that affect the growth and development of the country and the well-being of its citizens in accordance with the natural endowment of the country.”

    Suggesting a way out of poverty, Iyanda said that shifting focus to strong institutions was one re-engineering element Nigeria needed to emerge from poverty and backwardness to affluence and development within a short period.

    “Strong men are human, and therefore mortal. Strong institutions are immortal and more enduring. They are less susceptible to manipulation and corruption.

    The Conference which will be declared open by the Executive Governor of Kano State, Alhaji Abdullahi Umar Gandudje, will hold from 16 th to 18th September, 2018 at Afficent Event Centre, Kano.

    The conference will be attended by over 2000 participants consisting of professional managers, government functionaries, decision-makers, opinion leaders, policy formulators and top management executives in both the private and public sector.

  • NIM advocates for strong institutions

    The Nigerian economy is set for greater development with more focus on Strong institutions, as against the use of strong men.

    This was the submission of the Nigerian Institute of Management, NIM (Chartered) at the 2018 Distinguished Management Lecture, in Victoria Island, Lagos, on Tuesday.

    Prof Olukunle Iyanda, FNIM, the President and Chairman of Council, NIM however noted that strong institution is not built easily, as it involves a lot of time and effort to build it.

    “Strong and enduring institutions take time, commitment, sincerity, and determination to build. As such they cannot be built overnight or within the tenure or even the life time of a single strongman. For example, it took Lee Kuan Yew more than a decade in office to build lasting strong institutions that contributed tremendously to the transformation of Singapore from a third to a first world country within a generation.”

    Advocating further for institutions, Iyanda said “Strong institutions contribute more to development than strong men. Institutions are immortal while men are mortal. Strong men die while institutions often get stronger with age. Again, institutions are not animate beings, capable of having hidden agenda that contradict declared common objectives. Institutions ensure greater continuity and are less susceptible to individual manipulations and idiosyncrasies. It is not a surprise therefore that practically all developed countries are those governed by institutions and concepts, such as the rule of law rather than of men.

    Read Also: ‘No rule of law without strong institutions’

    Giving his lecture titled “The challenges of Institutional building”, the Chief Executive Officer of Centerspread Grey, Mr Moruf Kolawole Ayanwale,  noted that advertising is a tough industry, with high mortality rate, such that the business can possibly die with the owner alive, and as such it is dangerous for a business owner to outgrow his/her business.

    “No matter how successful you are, you must not outgrow your business.  You must avoid the “I have arrived” syndrome, to remain in business. One interesting thing about success unlike failure in business is that you run the danger of being indolent and complacent, believing that the same template will deliver you success year after year. We made sure that at no point did we live beyond our means. We did not become “big men” and “socialites” overnight, the survival and continuity of the business was always paramount, so we invested more in the business.

    Explaining his success story at Centrespread Grey, the Fellow of the Nigerian Institute of Management revealed “From the onset, we knew we needed input and direction from experienced minds in business and corporate management. We constituted a board under the chairmanship of Dr. Olawale Cole, and other eminent professionals across different fields of corporate endeavors.

    Ayanwale advised new generation business owners to always keep their eyes on the ball, stay true to their visions, remain resilient and build for the future, and they should not forget to evolve with the times always, while staying professional in business.

  • Nigeria may not develop without speedy judgment on corruption cases – NIM

    The Nigerian Institute of Management (NIM) has advised the Federal Government judicial system to adopt speedy prosecution of corruption cases to ease genuine development of the country.

    NIM President, Professor Olukunle Iyanda made the call at an executive training organized in partnership with the National Defence College at the NDC Headquarters, in Abuja.

    The training which was fourth in its series was to present professional membership certificate of the institute to top officers of the Nigerian Armed Forces, who attended the special capacity building.

    Iyanda explained that the system should encourage transparency, accountability through rewards but ensure timely punishment of those involved in criminal and corrupt practices.

    His words: “Nigerians want infrastructure to be efficient, we want people to use the enormous resources of the country for the good of the people to provide good education and health. If people actually apply the fortunes of Nigeria to objectives of the people, we will be a much better country.

    “We want the reward system to be actualized. When people do things that contribute to the betterment and achievement of the nation, it should be rewarded and when they do anything that compromises the objective and aspirations of the people, they should be punished and punished timely.

    “All these extended trials over years and years, when people are standing trial for six years don’t actually have impact. I worked for 15 years in Botswana, when anybody violates the legal standard, within six months you have gone through your trial. You are either pronounced free or put in jail. So people can see a demonstrated consequence of doing things the wrong away. As a result everyone checks himself.”

    He advised the trainees, who are largely Generals, Maj. Generals and Colonels to expose corrupt practices and remain ethical professionals.

    “The NIM code enjoins the professional manager to accept the most scrupulous and transparently honest and ethical process of though…and be personally free of any fraudulent or corrupt practices. You therefore must resist corruption, or any gift that may impose an obligation on you in your daily work and decisions or could make you compromise. You see the trial on pages of newspapers and you don’t see people actually go to jail,” he added.

    According to him, the training became imperative considering vital role of management in resource mobilization and allocation.

    Earlier, the NDC Commandant, Rear Admiral Adeniyi Osinowo, tasked the officers to be creative and help manage resources considering the limited budgetary allocations to the military.

    Osinowo, represented by his deputy, Maj. General Peter Bauke lauded the NIM for its gesture and called for intensive self-development of the security personnel.

  • NIM holds youth forum on Friday

    The Nigerian Institute of Management will hold on Friday hold its second Corporate Breakfast Forum in Lagos.

    In a statement, NIM President and Chairman of Council Dr. Nelson Uwaga, gave the theme as Youth Empowerment, Entrepreneurship and Innovation.

    Senior Adviser/Permanent Representative to the United Nations in Geneva, Africa Business Roundtable Dr. Nelson Olatunji Olaniyi is the guest speaker. The event will be chaired by Nigeria’s High Commissioner to the United Kingdom Dr. Christopher Kolade.

    The Institute, Uwaga said, chose the theme because of its concern about the rising unemployment. The statement reads: “The dearth of employment opportunities has led to a serious inertia on the part of the youths in terms of their innovative and entrepreneurial capabilities”.

  • Let’s shun corrupt practices – Jonathan

    Let’s shun corrupt practices – Jonathan

    President Goodluck Jonathan on Monday urged Nigerians rid the country of all forms of corrupt practices, saying this is a sure way of setting the nation on a path of greatness.

    The President made the call at the opening ceremony of the 2014 Annual National Management Conference of the Nigerian Institute of Management (NIM) held in Warri, Delta state.

    He said his administration’s Transformation Agenda is aimed at leaving lasting legacies behind.

    President Jonathan, who was represented by the Permanent Secretary, Ministry of Aviation, Mr. Yemi Adelekun, also charged the NIM to sustain its current drive to ensure professionalism among its practitioners.

    He said, ”To set this country on the path of greatness and prosperity, complete elimination of all forms of corrupt practices must be in the front burner of our collective consciousness always.

    ”The Transformation Agenda, you will agree with me, is a clear demonstration of my administration’s sincere intention to leave a lasting legacy that will be a reference point for subsequent administrations.

    ”You will agree with me that a great nation evolved through great leadership built on good governance, this is our motivation and value proposition.”

    Delivering a Keynote address at the event, the Delta State governor, Dr Emmanuel Uduaghan, advocated the strengthening of institutions in order to achieve national goals of democratic governance and sustainable development.

    The governor, who was represented by the state’s Commissioner for Works, Solomon Funkekeme, said the judiciary and its appendages such as the Economic Financial Crimes Commission (EFCC), Independent Corrupt Practices and other Related Offences Commission (ICPC) and the Code of Conduct Bureau (CCBC), should be manned by persons with technical expertise and moral competence.