Parallex Bank, Nigeria, has called on the university system to prioritise organisational wellness as it is a fundamental pillar for progress.

Speaking during a recent workshop organised by the Committee of Vice Chancellors of Nigerian Universities in Lagos, Managing Director, Parallex Bank, Dr Olufemi Bakre, emphasised the urgent need for Nigerian universities to adapt and thrive in the face of rapidly changing internal and external factors affecting organisational sustainability.

Bakre who spoke on ‘Organisational Wellness for Enhancing Innovation and Resilience in Nigerian Universities,’ highlighted the multifaceted challenges that academic institutions in Nigeria were currently facing.

He said, “Prioritise organisational wellness as a fundamental pillar for progress.

“This approach entails addressing not only the mental, physical, and emotional well-being of individuals within the universities but also creating an environment that fosters growth and supports personal development.

“The global landscape is volatile, uncertain, complex, and ambiguous, however, embracing organisational wellness will enable the universities to build resilience and drive innovation, ultimately contributing to the advancement of Nigerian society. The positive impact of such wellness initiatives would extend beyond the boundaries of campuses, as Nigerian universities play a crucial role in driving economic growth and societal transformation.”

Bakre told the VCs that their efforts contributed to building a prosperous and sustainable society, saying embarking on a journey towards organisational wellness, would unlock the true potential of universities and pave the way for a brighter future for Nigeria.

The Executive Leadership Development Programme for the Committee of Vice Chancellors of Nigerian Universities was sponsored by Parallex Bank, and other sponsors.

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