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RIMAN canvasses technology adoption

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Magnus Nnoka

The Risk Management Association of Nigeria (RIMAN), has urged private and public sector players to leverage new technologies for a better economy. These, the association said would continually reshape the global economic landscape, and enhance competitiveness.

Speaking during the RIMAN 19th Annual International Risk Conference, yesterday, President of the Association, Magnus Nnoka, said embracing innovations would enhance the design and enforcement of public policies.

On the conference theme: “Economic Recovery and Development – Leveraging on Technological Innovation,” Nnoka said the nation’s slow economic growth is due to lack of investments.

Although, the World Bank had predicted a growth rate of 5.4 per cent in this fiscal year for many low-income countries, it said it is still not enough to substantially reduce poverty.

He mentioned that innovation adoption has been closely linked to economic development, and RIMAN has been at the fore front of best practice in risk management in Nigeria.

He said: “This is our collective resolve to strengthen risk management practices while risk advocacy remains of paramount importance. Also, RIMAN in collaboration with the Chartered Institute of Bankers of Nigeria (CIBN), has commenced professional certification in risk management.

“The Post Graduate Diploma (PGD) in Risk Management is in collaboration with the University of Lagos (UNILAG). This also is another capacity building effort that has recorded tremendous success. Our desire is to extend the frontiers of risk management education to our educational institutions and younger generation,” he added.

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Magnus NnokaRIMAN
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