Amid dwindling revenue, NIM improves performance
The Nigerian Institute of Management (NIM) said it achieved improved performance in 2019 amid dwindling revenue.
President and Chairman of Council, NIM, Mrs. Patience Anabor, said the improvement was achieved through patronage and publicity of the Institute’s products and programmes by individual and corporate members.
Anabor said this at the 59th yearly general meeting of the Institute, held recently.
She said cost control measures were also strengthened during the year without compromising service delivery to stakeholders.
She said a Reserve Fund account was created during the year to replace the Investment Fund, and the account was funded accordingly. During the period, she said a net surplus of N59.4 million was generated.
According to her, it resulted in total revenue of N516.7 million; foreign exchange gain of N893,412; and expenditure of N458.1 million for the year ended December 31st, 2019.
Among other achievements during the period, was the Top Executive Leadership Programme (TELP), designed to expose executives in public and private sector organisations to the benefits of diversity.
The programme, she said, was in continuation of the strategic training collaborations with business schools of top-rated universities and institutes across the world.
While two TELPs were held last year in Dubai and Kenya, she maintained that the programme encourages executives to create synergy amongst their diverse workforce.
During the period under review, the Institute recorded a total of 4,090 new members with inductions held in Lagos, Abuja, and Owerri.
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