Business

Supply Chain Management inducts 276 new members, Task them on professionalism

Published

2 years ago

September 17, 2023

Joel Ajayi

The Chartered Institute of Purchasing and Supply Management of Nigeria has inducted 276 new members into the institute, as certified members and advised them to abide by its ethics.

The inducted members were sworn in after 18 months of rigorously scaling through the required professional examinations joining their counterparts across the continents.

Speaking on Friday in Abuja at the 2023 Batch B induction of new graduate members into the supply chain management procurement, the president of the Institute Alhaji Sikiru Oladepo Balogun advised them to imbibe integrity and diligence in their professional dealings.

He reiterated the need for the newly inducted supply procurement and management members to conform to internationally acceptable standards during their professional practice.

Alhaji Balogun said the country was losing resources due to leakages caused by unprofessional.

“We are losing resources through a lot of leakages and the major reason has to do with procurement, so there is a need to professionalize procurement so that offices that are supposed to handle the procurement are professionals.”

He, however, called on newly inductees to abide by its rules and regulations and be hard working, adding that failure to adhere to these will attract sanctions from the body.

“My Fellow inductees, note that calling you into this profession marks the beginning of your career in the Supply Chain Management (Procurement) field and you are required to attend Mandatory Proficiency Development Training Programmes and other relevant courses to enable you to increase your skill set and entitle you to the use of the title MCIPSN at the back of your name when you sign any document. You still need a lot of resources to burn more candles.

“You are warned to be of Standard Ethical Behaviour in your various places of work or as interact with other professions or human beings. Don’t allow a report of unethical behavior on you as you may be disrobed if you are found guilty. Go to the field to show expertise.”

While speaking, the Registrar/Chief Executive Officer (CEO) of the institute, Alhaji Mohammed Aliyu, called on the government at all levels to adopt good principles and standards for procurement and public financial management.

Aliyu also called on the government to implement procurement guidelines to ensure compliance with the Public Procurement Act 2007 to ensure maximum transparency in bidding processes or public contracts.

He said that there was a need to domesticate and apply the principles of procurement in the system for probity and accountability.

In his remark, the North Central Zonal Coordinator of the institute, Mr. Abdul Mamman, urged the Federal Government to inaugurate the National Procurement Council to give the country the lead in effective procurement.

According to him, the country will benefit from the inauguration of the council as it will help in eradicating corruption associated with the procurement process.

“Nigeria is set to benefit if it really allowed what to be done but what we are seeing now in Nigeria is that the economy has been wobbling.

“The government is trying but whatever good intention you have if the structures to implement the plan are not well endowed in the knowledge area, definitely complaints will come from people you are targeting.”

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Business

FG, Investonaire Academy Unveil National Programme to Equip 100,000 Youths with Financial Skills, Digital Wealth Tools

Published

5 days ago

November 25, 2025

The Gleamer

By Joel Ajayi

The Federal Government, in collaboration with Investonaire Academy, has unveiled a nationwide financial literacy and wealth-building programme targeting more than 100,000 young Nigerians. The initiative is designed to equip participants with practical skills in budgeting, saving, investing, asset building, and long-term financial planning, positioning them for sustainable prosperity in a rapidly evolving economy.

Launched on Tuesday in Abuja, the Honourable Minister of Youth Development, Comrade Ayodele Olawande, described financial literacy as a necessary survival tool for young people confronting today’s economic realities.

He noted that the initiative represents the foundation of a broader vision expected to extend beyond Nigeria to other African nations and global markets.

Reaffirming the Federal Government’s commitment to supporting over 4,000 corps members annually, the Minister said the programme will provide platforms, resources, and skills needed for both job creation and employability.

“The young people who understand money — how to save, invest, build assets, and manage risk — are the ones who will lead Nigeria into prosperity,” he said.

A major highlight of the launch was the expansion of the Nigeria Youth Academy, a digital platform offering mentorship, training, and startup support. According to the Minister, more than 200 startups will receive empowerment through the Academy’s e-app platform before the end of the year.

He stressed the need for deeper collaboration with private organisations, innovators, and youth-focused groups, noting that government alone cannot drive youth development. He further encouraged young Nigerians to embrace skills acquisition, innovation, and digital enterprise, saying these remain critical to reducing the desire for migration and increasing self-reliance.

Outlining the Ministry’s long-term commitments, Olawande emphasized three priorities: supporting youth innovation, equipping them with growth tools, and safeguarding millions of Nigerian youths under the Ministry’s mandate.

Speaking at the launch, Sebastien Sicre, Chief Operating Officer of Investonaire Academy, said the programme was crafted to revolutionize the way Nigerian youths learn and apply financial knowledge. He highlighted the Academy’s gamified Learning Management System (LMS), which offers interactive learning tools, community forums, and real-time mentorship to make financial education engaging and accessible.

Complementing the digital platform is a new 200-square-metre physical training centre in Abuja, opposite the NNPC Towers, where in-person workshops and mentorship sessions will take place.

The curriculum covers key global asset classes — including equities, commodities, forex, and indices — ensuring participants gain a broad understanding of financial markets.

Sicre added that with Federal Government backing, the programme seeks to unlock new opportunities, strengthen youth participation in the digital economy, and reward outstanding participants through a $1 million funding pool to support new and existing ventures.

International Programme Director of Investonaire Academy, Dr. Enefola Odiba, explained that the initiative aims to bridge long-standing gaps in financial education among Nigerian youths. While schools teach many subjects, he said, essential financial skills are often missing.

“Many people can earn money — earning money can be easy. The real challenge is retaining, managing, and growing that money,” he noted.
Referencing the Central Bank of Nigeria’s definition of financial literacy, Odiba stated that implementation remains a major national challenge. He said the initiative brings together government agencies, youth groups, academic institutions, and private-sector partners to translate strategy into measurable impact.

The programme’s curriculum covers budgeting, saving, investing, and financial planning — areas where many young people struggle. By offering practical training, real-world insights, and guided mentorship, the initiative aims to build a generation of financially empowered youth capable of driving innovation, entrepreneurship, and sustainable economic growth.

With this partnership, the Federal Government and Investonaire Academy share a common goal: to empower young Nigerians with the financial intelligence and digital tools needed to build wealth, grow businesses, and transform the nation’s economic future.

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