Stakeholders In Risk Management Provide Solutions to Overcome the Ongoing Challenges Facing the Country

By Nsikak Ekpenyong

The Stakeholders, Shettima Spokes in Abuja yesterday, during 2024 Nigerian risk leadership summit and awards with the theme: “Connecting Risk Resilience And Innovation For Sustainable Growth, Powered by Conrad Clark.

The event also featured panel discussions on the Japa and skill sustainability risk for Nigerian organisations and strategies for building risk and resilience management in Nigeria.

Vice President Kashim Shettima counseled citizens against hauling curses on Nigeria as a result of the hardship, stating that it would be impossible for abusers to benefit from a system they have abused.

He reminded those portraying the country as failed, that it was not all about gloom as the health, petroleum agriculture, and real estate sectors were doing well.

Shettima Represented by the Special Adviser to the President on Economic Affairs in the Office of the Vice President, Tope Fasua, he said: “There is a lot of opportunities in Nigeria. Let us count our blessings. Let us not put our country down.

“It cannot be tales of woes all the time. As bad as things are today and with all the inflation, there are sectors that are doing incredibly well. The health sector is doing very well. The petroleum sector is doing well. The Agric sector is doing well, for those who are planting cassava.

“People buy it there in the farm. I am not saying that things are easy. The government has come with very tough reforms.

“However, you have to position yourself in the reform. If you go out and say Nigeria is a shitty country, forgive my French, you are going to get shitty results. Someone said that you are not going to benefit from the country that you curse.”

He said the government plans to take many indigenous companies to the global stage and open up the economy to more innovations in the business space.

“Whereas we are working towards taking many of our companies global and opening up the economy to more innovations in the business space, we celebrate our MSMEs and urge them to do a lot more.

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“Innovation is the key to modern wealth and prosperity and is fused with sustainability. Innovation is about adding value to what we already have and making the lives of human beings easier,” he said.

Also Speaking, the convener of the event, Chief Executive Officer Of Conrad Clark, Dr. Joachim Adenusi said the ultimate objective of this year’s summit is to provide solutions to the ongoing challenges we face as a nation, offering a comprehensive idea for the stability of organisations in Nigeria.

He emphasised the need to explore innovative approaches to managing risks so that we can equip industry leaders and policymakers with the appropriate knowledge and tools to make informed decisions that will best benefit the growth of our great nation Nigeria.

“If we are able to manage risks on time, we may reduce the number of unending daily crises frustrating many Nigerians and start experiencing effective sustainable growth.

“So, let us embrace today’s event as an opportunity to learn, grow, and connect with one another. Let us be open to new ideas, perspectives, and experiences,”he said.

In his keynote presentation, the CEO of Nigeria’s Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang said effective management of accountability is essential for creating a high-performance environment with an organisation.

According to him, when employees are held accountable for their actions and decisions , it fosters a culture of ownership, responsibility and continuous improvement.

Represented by the Executive Director, Risk, Ministry of Finance Incorporate, Oluwakemi Babalogbon, Takang identified strategies of mitigating accountability risk as establishing clear policies and procedures, conducting regular audits and assessments, amongst others.

During the panel one discussion on ‘Japa syndrome,’ the director programmes, China Central Television, Kelechi Emekalam said there is urgent need to give attention to the massive exodus of Nigerians to other countries.

“We need to find solution to what has become a consistent problem that is affecting different sectors of our economy and families.”

She lamented that the economic situation is pushing people out of the country, hence the need to make the economy stable where people can strive.