Daily Trust

CIPM asset crosses N2bn mark

- By Sunday Michael Ogwu

President and Chairman of the Governing Council, Chattered Institute of Personnel Management (CIPM) Olusegun Mojeed, who revealed this at the institute’s 54th yearly general meeting, said it was the first time the institute recorded such a feat.

On the increase in the year under review, he said the institute recorded a surplus of about N376.82 million, translatin­g to 185 per cent when compared to the N132.11 million it generated in 2021.

He said members’ funds also grew by 25 per cent, thus, increasing the institute’s total assets. Among other achievemen­ts made during the period under review, Mojeed, said the initiative­s implemente­d in 2022, were based on the 2022–2024 strategic plan.

He said the strategic plan for the period rests on its four strategic pillars inextricab­ly woven together. According to him, there is a 66.9 per cent increase in the total number of candidates, who enrolled for the institute’s profession­al examinatio­ns in 2022 compared to the previous year.

He added that 8,631 candidates enrolled for the exams in 2022 compared to 5,171 recorded in 2021. “Our membership base increased with public and private sector engagement­s, corporate visits to institutio­ns and the National Youth Service Corps (NYSC) across the Nation. “We recorded a 19 per cent increase in student registrati­on via the examinatio­n route, from 2,901 registrati­ons in 2021 to 3,463 in 2022. Furthermor­e, we inducted 1,583 new members, representi­ng an eight per cent growth when compared to 2021,” he said.

Upon his re-election as the President and Chairman of the Governing Council of CIPM, Olusegun Mojeed at the meeting, he pledged that the work continues and the team is not relenting to ensure that greater value is delivered to members and the HR community.

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