Experts urge bank workers to develop skills as sacking persists


Dr. Chris Kwakpovwe

Bankers have been advised to focus on creating and preserving wealth through new skills, as widespread panic in the nation’s banking sector over retrenchment and tough business environment persist, financial and entrepreneur management experts have said.

The experts gave this advice at a one-day inaugural roundtable on Financial Intelligence, organized by Our Daily Manna, with the theme: “Basic Money Management Skills to Create Wealth”.

Speaking at the forum tagged Super Sunday Series, the General Overseer, Manna Prayer Mountain Ministry, Dr. Chris Kwakpovwe, said instead of workers to be busy worrying whether their jobs would be secured during a recession, they should start to pick up new skills in order to secure their current source of income or generate additional resource when a recession occurs.

According to him, a better way to be proficient in generating an additional income that is not at the mercy of the employer or the economy is to apply wisdom, and now is the time for bankers to take risks.

“The massive retrenchments in the banking sector call for the affected bankers and those in the sector to leave their comfort zone and create alternative for sustainable wealth creation,” he said.

Kwakpovwe, who is also the Publisher of Our Daily Manna (ODM), hinted plans to boost small medium enterprises in the country through the launching of “Our Daily Manna Co-operative,” which would enable small businesses pool resources.

Another entrepreneur and financial consultant, Onyekachi Nwuso reiterated the need for employees to have alternative sources of fund beside monthly salaries.

He noted that workers cannot survive the harsh environment when they depend on salaries, which sometimes, are meager, rather they should be involved in basic money management skills for wealth creation.

According to Kwakpovwe, at this period of recession, the small businesses in the informal sector are the core sector that rescues the economy from the woods and it needs to be empowered to grow the economy.

He, however, explained that the Manna Roundtable was to empower members of the congregation through skills acquisition as a sustainable means to overcome the tough economic condition in the country.

He, however, decried banks’ poor support to SMEs as the documentations and collateral required have hindered entrepreneurs from assessing funds.

An Entrepreneur, Financial Education Activist and Author, Innocent Enyinna blamed the difficulties faced entrepreneurs on the failed school system.

He said that majority of SMEs fail because Nigerian educational system failed to tutor student practically how to create and secure wealth in this contemporary age.According him, schools fail to teach students what they need to practice in building sustainable businesses through skill acquisition.

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