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Wema Bank partners COREN to foster technology, sustainable growth in Nigeria

Hauwa Ali by Hauwa Ali
August 15, 2023
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Wema Bank has embarked on a strategic partnership with the Council for the Regulation of Engineering in Nigeria (COREN) to champion technology, sustainable industrial development, and the realization of Sustainable Development Goal (SDG) number 9 – Industry, Innovation, and Infrastructure. 

The Managing Director of Wema Bank, Moruf Oseni, conveyed this collaboration during his address at the 31st Engineering Assembly in Abuja, sponsored by Wema Bank recently.

Wema Bank’s Managing Director, Moruf Oseni, represented by Deputy Managing Director Wole Akinleye, articulated the bank’s dedication to fostering resilience, integrity, and innovation. Akinleye emphasized that Wema Bank’s sponsorship of the event aligns seamlessly with the institution’s core values. He further highlighted the imperative of consistently reinventing oneself, underscoring the principle that innovation is key to achieving longevity.

Akinleye stated, “Against all odds, we launched ALAT, Africa’s first fully digital bank in 2017 — an achievement that forever changed the face and practice of financial services in Nigeria. We acknowledge that no nation can drive and sustain economic development without Science, Technology, Engineering, and Mathematics (STEM) education and practice — this is why we happily accepted the invitation to participate in this event as the mandate of COREN resonates deeply with our ethos at Wema Bank.”

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Engineers as Architects of Hope

Akinleye encouraged participants to recognize the pivotal role engineers play in societal transformation. He emphasized that engineers are not merely creators of structures but also architects of hope and guardians of national welfare. This perspective underscores the far-reaching impact that engineering and technological advancements can have on shaping the future.

Akinleye also shed light on Wema Bank’s Hackaholics initiative, an annual technology and innovation ideation event hosted on university campuses. This initiative empowers the brightest talents across Nigerian tertiary institutions to channel their intellectual energies towards solving real-world challenges in various sectors of the economy. As Hackaholics 4.0 approaches its grand finale, Akinleye expressed optimism about the innovative solutions that will emerge, showcasing the bank’s commitment to nurturing technological advancements and entrepreneurship.

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COREN Engineering Assembly: Fostering Collaboration for Progress

The COREN Engineering Assembly, an annual gathering of engineering practitioners, consultants, contractors, and stakeholders from both the public and private sectors, serves as a platform for interaction, brainstorming, and the development of solutions to national development issues. This collaborative event underscores the significance of partnership and dialogue in driving progress and innovation within the engineering and technological sectors.

Wema Bank’s partnership with COREN marks a significant step towards fostering technological innovation and sustainable growth, demonstrating the institution’s commitment to shaping a future where technology and engineering contribute to the nation’s progress and prosperity.

The bank’s commitment to fostering innovation, integrity, and resilience was highlighted by its sponsorship of the event. The Deputy Managing Director of Wema Bank, Wole Akinleye, represented Oseni and underlined the pivotal role of innovation in the bank’s operations.

Akinleye remarked, “We have learned that the secret to longevity is to constantly reinvent oneself; as when, against all odds, we launched ALAT, Africa’s first fully digital bank in 2017 — an achievement that forever changed the face and practice of financial services in Nigeria.”

Recognizing the importance of Science, Technology, Engineering, and Mathematics (STEM) education and practice for driving and sustaining economic development, Akinleye expressed the bank’s alignment with COREN’s mandate.

He urged the assembly participants to continue contributing to the transformation of society, emphasizing that engineers are not only creators of structures but architects of hope and guardians of the nation’s welfare.

“We acknowledge that no nation can drive and sustain economic development without Science, Technology, Engineering and Mathematics (STEM) education and practice — this is why we happily accepted the invitation to participate in this event as the mandate of COREN resonates deeply with our ethos at Wema Bank,” stated Akinleye.

Referring to Wema Bank’s dynamic spirit and commitment to making a positive impact, he added, “Wema Bank will continue to breach new grounds, exceed expectations, and set industry standards, and its pact with COREN is one more on a growing list of meaningful partnerships and revolutionary solutions that impact lives, businesses, and nations; steadily solidifying its position as the bank that works and supports lifestyles.”

In addition to the partnership with COREN, Akinleye unveiled Wema Bank’s ongoing initiative, Hackaholics. This annual campus-based technology and innovation ideation event brings together the brightest minds from Nigerian tertiary institutions to tackle real-life challenges in various sectors of the economy. The upcoming Hackaholics 4.0 finale is expected to introduce inventive, innovative, and globally impactful solutions.

The COREN Engineering Assembly, an annual gathering, provides a platform for engineering practitioners, consultants, contractors, and stakeholders from the public and private sectors to collaborate, brainstorm, and devise solutions for national development challenges.

Tags: CORENigeriaWema Bank
Hauwa Ali

Hauwa Ali

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