Project Management Update from Nigeria


Central Bank of Nigeria Institutionalises Project Management Best Practice

By Taopheek Babayeju

International Correspondent

Lagos, Nigeria

Central Bank of Nigeria Institutionalises Project Management Best Practice in Public Sector

The Central Bank of Nigeria (CBN) has taken a giant stride again in its effort to becoming a model Central Bank in the world. The Apex Bank has commenced the establishment of an Enterprise-wide Project/Programme Management (EPM) function in the Bank. The objective of the EPM project is to support the Bank in ensuring that all of its strategic initiatives and projects are aligned with the Bank’s strategic objectives, with a view to delivering on its mandate and achieving better results.

To ensure the success of the project, CBN, after a thorough and competitive bidding exercise chose Messrs iCentra Consulting Limited to support the Bank in establishing the EPM function. The project which when completed will lead to the setting up of an Enterprise Project and Programme Management Office that will provide structured project management practices within the Bank and ensure that all project stakeholders possess the adequate knowledge, tools, techniques and uniform standards required to deliver projects/initiatives to meet expected value propositions.


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About the Author

Taopheek Babayeju

Lagos, Nigeria



 Taopheek Babayeju is a seasoned professional with hands-on experience in Project Management, Technology and Entrepreneurship. He is known for his detailed and analytical approach to solving problems; he specialises in using technology and innovations to enhance business models and processes. His expertise includes strategies, innovations, planning and concept development.

He is the CEO at iCentra and the Founder/Initiator of the National Project Management Conference (ProMaCon), an initiative that won him PMI award for the “Most Outstanding Contribution to Project Management in Nigeria”. He served as the Vice President, Outreach of the Project Management Institute (PMI Nigeria) and he also serves on the board of the National Association of Project Management Professionals (NAPMP) and Creative Entrepreneurs Association of Nigeria (CEAN).

He is also an international correspondent for PM World Today Journal, and an editorial board member of PM Foresight Magazine. He is a Certified Entrepreneurial Manager, trainer and public affairs analyst. Read more about Taopheek: Wikipedia – https://en.wikipedia.org/wiki/Taopheek_A._Babayeju Linkedin – http://ng.linkedin.com/in/taopheekbabayeju

Taopheek can be contacted at email: [email protected]
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To see previous works by Taopheek, visit his author showcase in the PM World Library.