RIMSON urges govt to promote culture of risk management in Nigeria

Risk Managers Society of Nigeria (RIMSON) has called on the present government to promote the culture of risk management by establishing structures and frameworks to embrace risk management at every levels in order to help eliminate unanticipated crisis in the economy.

The President of the Society, Jacob Adeosun, speaking at the opening ceremony of the 2016 national conference in Lagos, said it has remained a regret that successive governments in Nigeria have not paid enough attention to risk management, a situation that had affected our development aspirations. The onus is on the present administration to break away from this culture, in line with its change mantra.

Our advice, he said, is that governments should establish structures and frameworks to encourage risk management into everything we do at all levels, as it would help to eliminate unanticipated crisis before their escalation.

According to him, to entrench the culture of risk management in government, RIMSON is prepared to collaborate with the appropriate agencies to provide professional risk management training of public officers on how to effectively apply risk management in their various duties in government.

Government is expected to build infrastructures, develop human resource and provide enabling environment for growth, irrespective of the economic circumstances and emerging internal and external challenges. The inability to meet these expectations often trigger discontent and series of crisis. Risk management mechanism is the strategic control and prevention antidote to effectively overcome the above undesirable outcomes, and nip in the bud.

“In order to encourage risk management practice in Nigeria, we have commenced strategic alliances and positioning with related and reputable institutions in Nigeria. Just recently, a delegation of the society paid visits on the National Insurance Commission as well as the Lagos Chamber of Commerce and Industry (LCCI), during which new vistas of professional relationships were forged.