The founder of SystemSpecs, John Obaro has been awarded an honorary fellowship of the Chartered Institute of Bankers of Nigeria, CIBN, for his commendable efforts and contributions to the banking industry in Nigeria.
During its 2021 investiture held recently, the CIBN bestowed the honour on the SystemSpecs boss, John Obaro, alongside other eminent Nigerians, including the Director-General of the World Trade Organisation, WTO, Dr Ngozi Okonjo-Iweala; the Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr Hassan Bello; Central Bank of Nigeria (CBN) Deputy Governor, Dr Kingsley Obiora and six other bank chiefs.
While giving his speech, Obaro said; “I left banking to start off SystemSpecs some twenty-nine years ago and now, at the end of the day our paths are crossing again because most of what we have done is related to the financial industry.”
“Through SystemSpecs and other fintech innovators, electronic payment has become a thing in Nigeria, and we are privileged that we are one of the earliest players in that segment.”
The 2021 CIBN Fellowship Investiture was focused on Nigeria’s rising debt profile and the issues and implications for sustainable economic development.
“To increase our revenue base and manage our debt better, we need to get more efficient, and technology offers us leverage,” Obaro said.
The technology tycoon, therefore, called for an increased technology involvement in public financial management in the country.
Addressing the audience virtually, the WTO Director-General, Dr Okonjo-Iweala applauded the institute on its unwavering commitment to driving stability in the banking sector.
“The theme of your deliberation regarding Nigeria’s debt profile and its implications for sustainable development is a very important one. If there is a group that has the necessary professional insight on issues of debt and debt sustainability, be it at the individual, institutional or national level, it is you,” Okonjo-Iweala said.
