Elumelu seeks overhaul of accounting, finance curricular in universities

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The Chairman, United Bank for Africa (UBA) and Heirs Holdings, Mr Tony Elumelu, has called for a total overhaul of the academic curriculum of Accounting and Finance Degrees in the country if graduates of the course are to be able to meet the requirements for jobs in the modern finance sector.

He made this submission during his Lecture at the Faculty of Management Sciences Annual Guest Lecture, which held at the Aderemi Makanjuola Lecture Theatre, Main Campus, Ojo on Wednesday, 19th June, 2019.

“I will like to propose an overhaul of the curriculum to accommodate these. The academic should go beyond churning out finance and accounting graduates on a yearly basis to building ready-to-market finance professionals thoroughly equipped for modern finance functions, ” he said.

Speaking on the topic ‘The Future of Finance-Technology at Play’, Elumelu also charged young professionals to adapt to changing trends in the ever evolving world of technology or risk becoming relevant.

“As finance graduates and professionals, we need to be aware that it is no longer business as usual and with the fast-changing landscape, it will never be business as usual. Traditional knowledge of finance is getting stale in today’s business world and indeed there is dire need for retooling our skills if we must remain relevant in tomorrow’s financial world,” he said.

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The Vice Chancellor, Lagos State University, Prof. Olanrewaju Fagbohun, SAN, represented by the Deputy Vice Chancellor, Administration, Prof. Oyedamola Oke, in his address, noted that the topic was apt at this time.

He said, “This forum will avail us the opportunity to learn more about the concept of growth mind-set and demonstrate the increasing need for us all to learn and re-learn continually, as new technologies replace old skills and knowledge”

The highly interactive programme, chaired by the Executive Secretary, Institute of Entrepreneurship, Dr Rotimi Oladele, had in attendance members of the University Management, professionals from the private and public sectors, staff and students of the University.

The highpoint of the event was the investiture of the Vice Chancellor, Prof. Olanrewaju Fagbohun, the Guest Speaker, Mr Tony Elumelu and Dean, Faculty of Management Sciences, Prof. Babatunde Yusuf as Honourary Fellows of the Institute of Entrepreneurs of Nigeria by the Chairman, Dr. Rotimi Oladele.

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