Lagos: The Nigerian Institute of Management, Chartered (NIM) says strengthening professional management practices and institutional governance is critical to improving productivity and economic performance in Nigeria. President, NIM, Rtd. Commodore Abimbola Ayuba, said this on Monday in Lagos at a news conference to announce activities marking the institute’s 65th anniversary. The event also unveiled its 65th anniversary logo.
According to News Agency of Nigeria, Ayuba highlighted Nigeria’s evolving economic landscape, which requires stronger management capacity across public and private institutions to enhance efficiency, accountability, and sustainable growth. He said the institute would host an anniversary colloquium on Aug. 19 to examine how improved management systems could strengthen institutional governance in the country.
Ayuba noted that the colloquium, themed ‘Sixty-Five Years of Management Excellence: Strengthening Institutional Governance in an Evolving Economy’, will bring together experts to discuss strategies for improving governance structures and management capacity. “Professional management remains a key driver of institutional performance and national development. Strengthening management capacity across sectors is essential for improving productivity, enhancing governance and supporting economic growth,” he said.
He further mentioned that the institute had, over the years, focused on human capital development through training, consultancy, and leadership development programmes for organisations in both the public and private sectors. Established in 1961, the institute was created to address gaps in management practices within Nigeria’s public and private institutions.
Ayuba explained that NIM had intensified programmes and training for its members to help them respond effectively to emerging technologies and shifting global dynamics. “The institute had in the last two years designed capacity-building programmes at zonal and regional levels focusing on developments in robotics, the Internet of Things (IoT) and Artificial Intelligence (AI). This is to equipping managers with the knowledge required to understand and respond to evolving global events and geopolitical tensions that could affect organisations and national economies,” he stated.
He added that about 200,000 individuals and 400 corporate organisations had passed through the institute’s membership process, contributing to professional management development across industries. NIM members currently play key roles in organisations across sectors of the economy, helping to strengthen governance structures and improve organisational performance.
Ayuba also mentioned that the institute would continue to provide policy advocacy and advisory support to the government on governance and management issues. Activities marking the 65th anniversary would also include the turning of the sod for the institute’s proposed Management House in Alausa, Ikeja. Additionally, the institute plans to publish a commemorative book documenting major papers presented at its flagship programmes over the years.