As a key player in sustaining the economic and financial ecosystem which accommodates the 175 million people of Nigeria, CBN is positioned as “THE MODEL CENTRAL BANK delivering PRICE and FINANCIAL SYSTEM STABILITY and promoting SUSTAINABLE ECONOMIC DEVELOPMENT.”
The mandate of CBN is structured on 5 main pillars.
The objectives of the CBN are as follows:
- Ensure monetary and price stability;
- Issue legal tender currency in Nigeria;
- Maintain external reserves to safeguard the international value of the legal tender currency;
- Promote a sound financial system in Nigeria; and
- Act as Banker and provide economic and financial advice to the Federal Government.
Consequently, the Bank is charged with the responsibility of administering the Banks and Other Financial Institutions (BOFI) Act (1991) as amended, with the sole aim of ensuring high standards of banking practice and financial stability through its surveillance activities, as well as the promotion of an efficient payment system.
Industry: Government/ Functional Area: Strategy
Sector: Finance / Staff: 6,900+
Efficiently unleash cross-media information without cross-media value. Quickly maximize timely deliverables for real-time schemas.
Scope of Service: Guidance for management on best practices in working with KPIs and improving performance.
Overview:
The Central Bank of Nigeria invited KNEWROW to enhance the Strategy Department’s capabilities towards the use of Key Performance Indicators and Performance Improvement.
To the key stakeholders within the department, we offered theoretical and practical guidance on generating value from KPIs by deploying the right performance management tools, monitoring performance and developing a robust approach towards initiatives management.
The education program improved the participant’s skills and knowledge in terms of:
- KPIs standardization
- Balanced Scorecard
- KPIs Selection
- KPIs documentation
- Development of scorecards
- KPIs activation and reporting
- Initiatives management
- Performance improvement and decision making
Solution
- Customized certification program designed to develop a solid and efficient approach in working with KPIs and to offer the practical experience in applying best practices in improving organizational performance.
Benefits
- Participants acquired a new approach in selecting and measuring performance through KPIs and the use of Balanced Scorecard
- Consolidate the skills in working with performance management system dedicated tools such as scorecard, dashboard, KPI documentation form, data gathering template, initiatives documentation form and portfolio.
- Create a multi-dimensional performance management framework by linking internal organizational performance to the active role of measuring macro-economic performance.
