As the banking industry continues to evolve, Engineer Michael Nwabueze, a seasoned Engineering and Project Management expert, has asserted that it is imperative that financial institutions adopt engineering management principles to enhance project management activities in the sector.

Making this assertion recently through a media statement, he said one of the primary challenges facing Nigerian banks is operational inefficiency.

In order to solve this, he said that by applying engineering management principles, banks can streamline their processes, reduce waste and improve productivity. He noted that this can be achieved through the implementation of lean management techniques, process re-engineering and the adoption of cutting-edge technologies.

With over a decade of experience working in the Corporate and Commercial Banking departments of FirstBank, Nwabueze, has consistently delivered high-yield return in revenue through expert project management and financing and currently serves as a Business Manager overseeing a project financed by the bank.

Nwabueze explained further that engineering management can play a crucial role in enhancing the overall customer experience. By leveraging data analytics and performance metrics, banks can identify areas for improvement and make data-driven decisions to optimize their services.

He also disclosed that his career trajectory has given him the privilege to successfully work on numerous projects and intermediated several marginal field acquisitions from 2013 to date.

“These acquisitions were facilitated between FirstBank’s oil and gas customers and NNPC through the DPR licensing process,” he stated.

He further disclosed that in his years of contribution to project management and the banking industry, he has received several recognitions and awards. This, he said, is testament to his ability to drive business growth and deliver results-driven solutions.

Nwabueze also stressed that engineering management can play a crucial role in enhancing the overall customer experience. “By leveraging data analytics and performance metrics, banks can identify areas for improvement and make data-driven decisions to optimise their services. Also to remain competitive, Nigerian banks must prioritise innovation and adopt a proactive approach to addressing operational challenges,” he said.

Concluding, he stated that by embracing engineering management solutions, banks can unlock new opportunities for growth, improve efficiency and provide exceptional customer experiences.