The Federal Radio Corporation of Nigeria (FRCN) has unveiled an innovative initiative aimed at attracting University of Benin (UNIBEN) students to the growing field of Actuarial Science, offering them compelling incentives designed to spark interest and foster academic excellence in this vital profession.
During a recent visit to the university’s campus, FRCN representatives highlighted the increasing global demand for actuaries, underlining the importance of their roles in risk management, financial planning, and decision-making across various industries. FRCN’s initiative includes scholarships, internships, and mentorship opportunities aimed at giving students valuable exposure to the actuarial profession.
“Actuarial Science is one of the most promising career paths of the future. We believe that the students at UNIBEN have a unique opportunity to excel in this field, and we are committed to helping them reach their full potential,” said Chijioke Okafor, spokesperson for FRCN. “Through these incentives, we aim to equip them with the resources and guidance necessary to thrive in a rapidly changing financial landscape.”
The FRCN’s effort comes at a time when the demand for skilled professionals in the actuarial field is rising, particularly within Nigeria’s expanding insurance and financial sectors. Actuaries are critical in helping businesses assess risks and create strategies for long-term financial stability, making them highly sought after by employers.
In its outreach, FRCN also emphasized the strong career prospects for actuarial science graduates, particularly in light of the industry’s consistent growth and the lucrative job opportunities it provides. With high earning potential and a range of opportunities in both the public and private sectors, actuaries are increasingly seen as indispensable professionals.
Faculty members at UNIBEN have warmly welcomed the FRCN initiative, recognizing it as an invaluable opportunity for students. Dr. Victoria Omokhoa, a senior lecturer in the Department of Mathematics and Statistics, expressed her enthusiasm for the collaboration, stating, “This partnership with FRCN is a fantastic opportunity for our students. It opens doors for them to gain real-world experience and gain insight into a career that is both rewarding and critical to the economy.”
Students from the university have also responded positively to the initiative. Many expressed keen interest in learning more about the scholarships, internships, and mentorship programs being offered. With these opportunities, the prospects for students pursuing actuarial science appear even more promising.
The move by FRCN reflects a broader strategy to develop skilled professionals in crucial sectors such as finance, insurance, and economics. By fostering an interest in actuarial science among students, FRCN hopes to inspire Nigerian youth to explore emerging career paths that are not only intellectually stimulating but also financially rewarding.
In sum, this initiative underscores the importance of strategic collaborations between educational institutions and key industry players in shaping the future workforce, and it is poised to have a long-lasting impact on the professional landscape in Nigeria.
source: businessday.ng
