Just in: Review Varsity Curriculum to integrate technology in all fields—UBA
The need to acquaint graduating students of higher institutions in Nigeria with technology knowledge irrespective of their chosen carrier has become pertinent for graduates to fit into the trending knowledge based global economy has been stressed.
This charge was given by the Group Executive Director of United Bank for Africa (UBA), Mr Liadi Ayoku, while delivering a keynote address during the annual lecture of the Faculty of Management Sciences, Lagos State University (LASU).
Speaking on the topic; ‘The Future of Finance – Technology at Play,’ Ayoku called for the overhaul of the training curriculum in financial institutions across Africa to reflect current technological realities, which according to him will reflect the modern business expectations and ensure the relevance of graduates to the continent’s economic growth and aspiration.
He explained that finance graduates and professionals must be aware that it was no longer business as usual following the fast-changing technological landscape.
According to him, “I am not certain if the finance and accounting graduates of today are familiar with modern financial softwares packages, including global accounting and financial reporting standards.
“Have they been imbibed with the ready-to-market soft skills like leadership, communication, commercial acumen, flexibility/openness to change and strategic vision? “If not, I will like to propose an overhaul of the curriculum to accommodate these,” he noted.
The banker further explained that with technology replacing basic financing, the finance professional that would excel in the future must be quick to retool and adapt to changes.
He averred that “Traditional knowledge of finance is getting stale in today’s business world and indeed there is dire need for retooling our skills if we must remain relevant n tomorrow’s financial world. Technology is fast replacing the basics of finance.”
Ayoku noted that financial reporting is increasingly being automated, just as data analytics is demystifying performance analysis, saying “Tomorrow’s finance professionals must have capabilities for business intelligence and cognitive analysis. We must apprise ourselves of the most recent technology and continue to retool our skills to remain relevant today and into the future.”
In his remarks, the Chairman of the occasion, Dr Rotimi Oladele, the Executive Secretary, Institute of Entrepreneurship, commended Ayoku for delivering a profound paper worthy of equipping account graduates for a future driven by technology while also praising the Chairman of UBA, Mr Tony Elumelu for his contribution to entrepreneurship in Africa, describing him as a ‘global brand of the rarest value’. He said LASU would benefit from its collaboration with the entrepreneur.
“No doubt Tony Elumelu is not just a Nigerian of rare value to Nigeria but a Premium African of rarer value and of course a Global Brand of rarest value. Tony Elumelu today as an ultrapreneur is known all over for breeding entrepreneurs and start-ups in thousands and with millions of dollars ceaselessly in support for sustainability.
“We believe LASU partnering with Elumelu could be the best testimonial of a befitting support to the most multi-cultural and multi-tribal university in Nigeria. The profile of LASU Staff and studentship speak for this fact,” he said.
In his welcome address, the LASU Vice-Chancellor, Prof Lanre Fagbohun, represented by the Deputy Vice Chancellor, Prof Oyedamola Oke, thanked UBA for its support and sponsorship noting that a bank that believes in the support of education is indeed a special institution.