Nigeria Pushes For Continental Collaboration On Global Risk Mitigation
Vice President Senator Kashim Shettima has urged pan-African institutions, including the African Union (AU), African Development Bank (AfDB), and Afreximbank, to intensify support for the Chartered Risk Management Institute of Nigeria (CRMI) in strengthening the continent’s capacity to tackle global risks that threaten stability and development.
Speaking at the 24th International Conference of CRMI in Lagos, the Vice President—represented by Dr. Nurudeen Zauro, Technical Adviser to the President on Economic and Financial Inclusion—warned that Africa cannot afford to confront threats such as climate change, pandemics, cyberattacks, terrorism, and disruptive technologies in isolation.
“For over two decades, the Institute has been a beacon of foresight, resilience, and preparedness,” Shettima noted. “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.”
Shettima reaffirmed the Federal Government’s commitment to strengthening national resilience.
He also emphasized community-based early warning systems for floods and droughts, microinsurance for vulnerable groups, and social protection schemes for farmers as practical tools for building a more resilient economy.
The conference, themed “Global Risks, Local Solutions,” drew policymakers, regulators, and private sector leaders to deliberate on Africa’s response to global disruptions.
President and Chairman of CRMI’s Governing Council, Kelvin Ugwuoke, stressed that Africa must prioritize homegrown strategies.
According to him, risks emanating from climate change, cybersecurity, artificial intelligence, and geopolitical conflicts like the Russia–Ukraine war pose direct threats to food security, economic stability, and social cohesion.
“Our mandate is clear: to develop local solutions that help Nigeria and Africa withstand and prosper amid global uncertainties,” Ugwuoke said.
He further disclosed that a bill is before the National Assembly to formally entrench risk management into Nigeria’s national policy, underscoring CRMI’s advocacy for deeper integration of risk principles across both public and private institutions.
Nigeria Pushes For Continental Collaboration On Global Risk Mitigation is first published on The Whistler Newspaper
