Sterling Bank Plc has expressed its desire to partner the Chartered Institute of Logistics and Transport in order to develop Nigeria’s transport sector.
The Group Head, Strategy & Innovation, Sterling Bank Plc, Mr. Shina Atilla, made this disclosure while addressing executive members of the institute who paid a courtesy visit to the corporate headquarters of the lender in Lagos recently.
He said that the fact that the transport sector remained a major contributor to the economy could not be overemphasized.
He noted that “without effective transportation, businesses will not attain their true potential because they will be denied the opportunity to connect with supply chain partners and customers.
We recognise the important role the transportation sector has played and is playing in the growth and development of the Nigerian economy, hence our engagement with the CILT, ”he stressed.
Atilola also said, “Our partnership with the Chartered Institute of Logistics and Transport will ensure for example, that we provide more effective support to the profession and industry in line with our pioneering work in the sector.”
Another gain of the partnership according to him, is that it would provide the bank with solid knowledge, which would ensure technology transfer, innovation and sustained impact for the overall benefit of Nigerians and the economy.
“This partnership will ensure that we understand the language of the transport sector, making it easy to develop financial products that will suit its needs,” Atilola explained.
The Chief Human Resource Officer, Sterling Bank, Mrs. Temi Dalley, commended the institute for its robust curriculum, advancing the improvement of the local logistics, transport and supply chain subsectors.
She said the bank was open to exploiting the curriculum of the CILT to further strengthen the capacity of the bank’s employees.
Earlier in his remarks, the Acting National Executive Director of the Institute, Mr Paul Ndibe, said the organisation started in 1919 in the United Kingdom while it became operational in Nigeria in 1958 and had been contributing in various ways to the development of logistics and transport industry of the Nigerian economy.
He said the visit was to intimate the bank with the activities of the institute, the forthcoming African forum and how Sterling Bank could leverage the institute’s network to further its growth.