Sunday, October 5, 2025
23.5 C
Lagos

24th CRMI Int Confab: Shettima, Ugwuoke, Cardoso, Edun, Push for Home-Grown Risk Solutions

L-R: Registrar/CEO, Chartered Risk Management Institute of Nigeria (CRMI), Victor Olannye; Permanent Secretary, Special Duties, Federal Ministry of Finance, Raymond Omachi; Executive Director/Chief Risk Officer, Fidelity Bank Plc and President/Chairman of Council, CRMI, Kevin Ugwuoke; Technical Adviser to the President on Economic and Financial Inclusion, Nurudeen Abubakar Zauro; and Director, Risk Management, Central Bank of Nigeria (CBN), Blaise Ijebor; at the CRMI 24th Annual International Conference in Lagos recently.

Vice President Senator Kashim Shettima has called on the African Union (AU), African Development Bank (AfDB), and Afreximbank to support the efforts of the Chartered Risk Management Institute of Nigeria (CRMI) in tackling the growing wave of global risks confronting Africa.

Speaking at the 24th International Conference of CRMI in Lagos, the Vice President, represented by the Technical Adviser to the President on Economic and Financial Inclusion, Dr. Nurudeen Zauro, emphasized the need for strengthened continental collaboration in addressing risks ranging from climate change and cybersecurity to pandemics, terrorism, and disruptive technologies.

“For over two decades, the Institute has been a beacon of foresight, resilience, and preparedness,” Shettima said. “Risk management is not just a profession—it is a discipline of national importance. The establishment of the Federation of African Risk Management Association marks a historic milestone, positioning Africa to address risks on its own terms.”

The Vice President reaffirmed the Federal Government’s commitment to risk mitigation, noting ongoing initiatives such as #SheIsIncluded, launched in January 2025, to support Nigerian women’s inclusion and resilience in economic participation. He also stressed the importance of community-based early warning systems for floods and droughts, microinsurance schemes, and social protection for farmers as tools for building resilience and national prosperity.

Speaking at the conference themed, “Global Risks, Local Solutions,” the President/Chairman of CRMI’s Governing Council, Kelvin Ugwuoke, underscored the importance of adopting homegrown strategies in addressing global disruptions such as climate change, cyber threats, pandemics, food insecurity, and the implications of artificial intelligence.

“We are witnessing risks driven by climate change, cyber threats, Artificial Intelligence, and geopolitical conflicts such as the Russia–Ukraine war, which have direct consequences on food security and economic stability,” Ugwoke said. “Our mandate is clear: to develop home-grown solutions that help Nigeria and Africa withstand and prosper amid global uncertainties.”

Ugwuoke who also serves as Executive Director, Risk Management at Fidelity Bank Plc, also disclosed that a bill is currently before the National Assembly to formally entrench risk management into national policy, underscoring CRMI’s advocacy for stronger integration of risk principles in both public and private sector decision-making.

Also speaking at the Conference, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, represented by Dr. Blaise Ijebor, Director of Risk Management at the CBN, commended CRMI’s leadership in advancing risk management in Nigeria.

“Global risks do not respect borders. Our reforms are designed to integrate risk awareness into financial planning, ensuring economic stability amid evolving uncertainties,” he stated.

Similarly, Minister of Finance, Mr. Wale Edun, represented by Permanent Secretary Raymond Omachi, highlighted the necessity of recent policy reforms such as fuel subsidy removal and exchange rate unification. “Risk management is not about predicting the future, but preparing for it. The future will not be defined by the storms we face, but by the solutions we craft together,” he said.

The 24th International CRMI Conference convened policymakers, business leaders, and experts to deliberate on localized strategies for addressing global risks. It reinforced Nigeria’s leadership role in advancing risk management as a critical tool for economic stability, resilience, and sustainable development.

About CRMI

The Chartered Risk Management Institute of Nigeria (CRMI), established by Act No. 39 of 2022 and founded on March 29, 2000, is the national professional body for risk management in Nigeria.

The Institute promotes best practices, education, research, and advocacy in risk management across industries. Through its flagship Chartered Risk Manager (CRM) certification, professional training, and Mandatory Continuing Professional Education (MCPE), CRMI sets the national standard for excellence in risk management and supports a community of professionals dedicated to advancing the discipline.

 

spot_img
spot_img
spot_img

Hot this week

Adopt-A-School initiative: Stanbic IBTC Upgrades Educational Landscape at Alegbo Primary School, Delta State

L-R: Bunmi Dayo-Olagunju, Deputy CE, Stanbic IBTC Bank; Dr....

Stanbic IBTC FUZE Talent Show 2025 Kicks Off 4th Season

The Stanbic IBTC FUZE Talent Show 2025, themed “The...

Polaris Bank, NCF Expand Tree Planting Drive to Lagos, Ogun, Kaduna States

Polaris Bank, in partnership with the Nigeria Conservation Foundation...

Sterling Bank: No More Account Maintenance Fees to Celebrate Independence Day

  Sterling Bank has once again redefined the boundaries of...

UN Scribe Appoints First African, Adedoyin Adeleke, Co-Chair of Independent Group of Scientists for 2027 Global Sustainable Development Report

Green Growth Africa proudly announces the appointment of its Executive Director,...

Topics

Ecobank, Access, BOI Nominated for 2019 African Banker Awards

Nominees for the 2019 African Banker Awards have been...

LASAA Commissions New offices to Boost Operations

L-R: The General Manager, Radio Lagos, Mr Olajide Lawal;...

Nigeria Raised $2.5bn from Bonds in Q3 2018

Nigeria raised over $2.5 billion bond in quarter three...

May 29: Unpromising Start, Promising Future                        

  Tim Akano Click-click-click-click-click-click-click-click-click-click-click is the loud, weird, grinding vroom reviving...

DANGCEM Drags Benchmark Index… NSE ASI Down 1.6%

The local bourse sustained a downtrend at the end of...

WRC-23: Nigeria Signs Updated Radio Regulations to Deepen Global Connectivity

L-R: Executive Commissioner, Technical Services, Nigerian Communications Commission (NC)), Engr. Ubale...

‘I Will Support President Tinubu’s Agenda Using STI’ – New NASENI Boss

R-L: Mr. Khalil Suleiman Halilu, Executive Vice Chairman/CEO, National...

NPA’S New Spokesman, Nduonofit, Assumes Office

The newly appointed General Manager Public Affairs of the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img