Lagos, Nigeria – The Central Bank of Nigeria (CBN), the country’s apex financial regulator, has announced a strategic restructuring exercise aimed at enhancing operational efficiency and aligning with global best practices. As part of this exercise, 40 employees from the development finance department have been disengaged from service.
According to a statement released by the CBN’s Director of Corporate Communications, Osita Nwanisobi, the restructuring is a proactive measure designed to position the bank for optimal performance and better service delivery.
“The CBN is committed to promoting financial stability, economic growth, and development, and this exercise is intended to enhance our capacity to respond to emerging challenges and opportunities,” Nwanisobi explained.
The affected staff have been offered severance packages and will receive support to facilitate their transition to new endeavors. The CBN has also announced plans to recruit new talent to fill critical positions and enhance its operational capabilities.
This development is part of the CBN’s ongoing efforts to strengthen its institutional framework and improve its response to the dynamic needs of the economy. The bank remains committed to its mandate and will continue to work towards promoting a stable and inclusive financial system.
CBN Restructuring: Key Highlights
- – 40 employees disengaged: The Central Bank of Nigeria (CBN) has let go of 40 employees from its development finance department as part of a restructuring exercise.
- – Strategic move: The exercise is aimed at enhancing operational efficiency and aligning with global best practices.
- – Improved service delivery: The restructuring is intended to position the CBN for optimal performance and better service delivery.
- – Severance packages: Affected staff have been offered severance packages to facilitate their transition to new endeavors.
- – New recruitment: The CBN plans to recruit new talent to fill critical positions and enhance its operational capabilities.
- – Commitment to mandate: The CBN remains committed to its mandate of promoting financial stability, economic growth, and development.
- – Strengthening institutional framework: The exercise is part of the CBN’s ongoing efforts to strengthen its institutional framework and improve its response to the dynamic needs of the economy.
