CBN DG, CIBN President, ex-Minister, 83 others inducted as IoD members     

Prominent members of Nigeria’s business community and chief executives were at the weekend inducted as new members of the prestigious Institute of Directors (IoD).

Among the 86 new members inducted at a ceremony held in Lagos were Central Bank of Nigeria (CBN) Deputy Governor, Aishah Ahmad, former Minister of Communication, Omobola Johnson and President and Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Uche Olowu, who was also inducted as a life member.

Others were Managing Directors of two Nigeria’s foremost aviation handling companies, Yakubu Idris (Nigeria Aviation Handling Company, NAHCo) and Basil Agboarumi (Skyway Aviation Handling Company, SAHCO).

President and Chairman of Council of IoD, Ahmed Rufai charged the Directors to be continually innovative to cope with the Information Technology disruptions to business.

According to him, improved technology has redefined approaches to business competition, resource management and customer engagement.

He stated that the future of business “has also become less predictable because of the burgeoning impact of disruptive technology, artificial intelligence and digital currencies, amongst other novel interventions that have characterized this digital age.”

“The implication of this for Directors is that they have to continually engage and increase knowledge to be able to take full advantage of the opportunities provided by digitalization, while making far-reaching business decisions that sustain their organisations and give competitive edge,” he added.