Continuous education of microfinance bank leaders to strengthen credit governance and strategic resilience has been described as a boardroom imperative.
This, according to the Financial Institutions Training Centre (FITC), is hinged on the fact that the realities of today’s financial landscape are unambiguous and credit risk is evolving faster than traditional oversight models can adapt.
The centre noted in a statement yesterday that with borrower defaults surging, inflationary pressures eroding portfolio quality, and technology-enabled lending creating unprecedented exposure, the ability of boards to anticipate, mitigate, and strategically manage credit risk had become a decisive determinant of institutional survival and competitive relevance.
The centre stated that it was in response to these dynamics, that FITC, a foremost governance, risk, and leadership capacity-building institution for the financial services sector, hosted the 2025 edition of its Continuous Education Programme (CEP) to equip boards and executive management of microfinance banks with the foresight, frameworks, and tools required to lead in an era of complex credit risk.
It recalled that the event held from July 2 to 3, 2025 in Lagos, brought together 43 senior decision-makers from 16 microfinance banks, represented by board chairpersons, managing directors/CEOs, non-executive directors, legal advisers, and functional heads, describing the representation as a mix reflecting the reality that effective credit governance required seamless board–management collaboration.
