Treasury managers in Nigeria have received a clarion call to become great ambassadors for the Chartered Institute of Treasury Management (CITM). This call was made by the President of CITM, Ahmed Idris, at the 2nd recertification and induction programme held in Abuja recently.
In his address, Ahmed Idris urged new inductees into the Institute to be steadfast, supportive and represent the interest of the institute in all their activities. Representing the President, Ahmed Imam also emphasized the need for the inductees to demonstrate their capacity for good and innovative things and lead by example.
The theme of the programme was centred on “Sustainable Treasury: A Catalyst Towards a Virile Economy”. CITM is a pioneer in creating value for managing the treasury by institutionalising preventive mechanisms and building capacity through scholarly activities. According to the president, this was to safeguard the treasury against fraud and the misapplication and misappropriation of financial resources placed in the custody of fund managers.
During the programme, it was stressed that a sustainable treasury remained a concept that emphasised the integration of environmental, social, and governance factors into treasury operations. The president of CITM noted that the aim was to promote long-term economic, social, and environmental sustainability. He went further to say that treasury function within an organisation could play a crucial role in driving positive change in the economy.
By adopting sustainable treasury practices, organisations could align their financial decision-making with broader sustainability goals. This involves considering the environmental and social impacts of treasury operations, as well as the governance structures and ethical considerations surrounding financial activities.
One of the inductees, Sali Musa, a civil servant at Giade Local Government Area, Bauchi State, was particularly impressed with the induction programme. He noted that the training by the institute had equipped him and other inductees with new knowledge and that the way they manage their treasury would be different going forward in their vocation.
The induction ceremony saw 51 new members inducted into the institution. As treasury managers continue to be urged to promote a sustainable economy and become good ambassadors of the CITM, it is hoped that their actions will inspire others towards achieving long-term economic, social, and environmental sustainability in Nigeria.
