Abuja: The Risk Management Society of Nigeria (RIMSON) says it is intensifying efforts to ensure that risk management principles are integrated into every sector of the economy to drive national growth. The President of RIMSON, Dr Abbas Idriss, made this known in an interview with the News Agency of Nigeria during the society’s annual conference in Abuja.
According to News Agency of Nigeria, Idriss emphasized that while there have been significant changes in the industry, many critical sectors of the economy still lack robust risk application frameworks. He underscored the society’s determination to address this gap. “We are not yet touching on other sectors of the economy. To ensure risk management principles are well applied is a serious issue,” he stated. Idriss further explained that the society plans to use the communiqu© from the conference to engage various organizations, ensuring that participants follow up step-by-step to guarantee implementation. By the following year, the society expects feedback on how these lessons have been applied within organizations.
Vice President, Strategy and Policy, RIMSON, Dr Kabir Adamu, highlighted the shift in the global risk landscape towards fragmentation and volatility during his presentation titled, ‘The Evolving Landscape for Risk Management and Training for Professionals’. Adamu noted that these global risks now set the new standard for professionals. He emphasized that risk management should no longer be confined to HR or siloed functions but should permeate every facet of individual and corporate existence.
Participants at the event showed optimism regarding the impact of the training on their respective agencies. Rosaline Dalhatu, Deputy General Manager at the Nigerian Meteorological Agency (NiMet), expressed her intention to align the conference’s innovations with NiMet’s technical strategies. She emphasized the importance of incorporating risk into every strategic plan. Similarly, Aniema Ekong of Heirs General Insurance stressed that risk management is essential for growth, advocating for it to be embedded into everyday activities.
The event’s highlight was the induction of new fellows and associates into the society. Dr Abbas Idriss presented an award of excellence to Dr Kabir Adamu for his contribution as the induction guest speaker and a special recognition award to Maj.-Gen. J.G.K. Myam, Director-General of the Nigerian Army Resource Centre, for the centre’s significant contributions. Myam accepted the award on behalf of the centre and congratulated the society for its role in shaping the country.
The conference also saw the unveiling of the 15th and 16th editions of the Risk Management Digest, a professional publication for practitioners. Among the notable inductees was Mr Eddie Efekoha, Group CEO of Consolidated Hallmark Holdings Plc, who was conferred with a Fellowship of the society. Dr Idriss charged the new inductees to make risk management a default part of national life, emphasizing that their induction was not merely a reward but a responsibility.
The two-day conference was themed ‘Sustainable Technological Innovations and Risk Management for Resilient Economies’.