A national shift towards making risk management a way of life has been called for by Vice President Kashim Shettima, Minister of Finance Wale Edun, Governor Olayemi Cardoso of the Central Bank of Nigeria (CBN), and Kevin Ugwuoke, President of the Chartered Risk Management Institute of Nigeria (CRMI). They insist that risk management must be the cornerstone of Nigeria’s economic resilience in the face of global volatility.
Speaking at the 24th Annual International Conference of the Chartered Risk Management Institute of Nigeria (CRMI) yesterday in Lagos, where local and international stakeholders convened under the theme “Global Risks, Local Solutions,” Shettima issued a warning that Nigeria faces immediate threats that are neither distant nor abstract, encompassing disruptive technologies, cybersecurity, and climate change.
He emphasized that fostering resilience needs to transcend governmental regulations and develop into a national mentality that influences choices made by individuals, organizations, and companies.”We live in an interconnected world where climate change, economic instability, cybersecurity, pandemics, terrorism, and disruptive technologies—including artificial intelligence and blockchain—are immediate and ever-evolving,” he said, speaking through Nurudeen Zauro, the Technical Adviser to the President on Economic and Financial Inclusion, Office of the Vice President. These dangers are not far away for Africa; they are present.
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