CRMI Urges Reforms To Shield Nigeria’s Economy From Global Shocks
By OBI DAVIES
THE Chartered Risk Management Institute of Nigeria (CRMI) has called for institutional reforms, stronger data systems, and ethical governance to protect Nigeria’s economy from global and domestic disruptions.
Speaking at the institute’s 24th Annual International Conference in Abuja themed “Global Risks, Local Solutions,” CRMI President Kevin Ugwuoke said Nigeria’s fiscal stability depends on proactive, risk-based policies that anticipate and mitigate economic shocks.
Dr. Chinyere Almona, Director-General of the Lagos Chamber of Commerce and Industry, cited inflation, climate risks, and weak governance as major threats to investor confidence, urging greater public-private collaboration.
Statistician-General Prince Semiu Adeniran stressed the role of reliable data in driving policy reforms, noting that evidence-based planning is key to economic resilience.
In its communiqué, the conference called for regional cooperation, policy consistency, and deeper engagement between risk managers and financial institutions to bolster Nigeria’s ability to withstand future crises.
