The Risk Management Society of Nigeria (RIMSON) says it is intensifying efforts to integrate risk management principles across all sectors of the economy to drive national growth.
The President of RIMSON, Dr Abbas Idriss, said this in an interview with reporters on the sidelines of the society’s annual conference on Friday in Abuja.
Idriss noted that despite significant changes in the industry, many critical sectors still lack robust risk management frameworks—a gap the society is determined to bridge.
“We are not yet reaching other sectors of the economy. Ensuring that risk management principles are properly applied is a serious issue.
“We will use the communiqué from this conference and dispatch it to various organizations. Beyond sending it, we will require participants to follow up step by step to ensure implementation.
“By next year, we will request feedback on how these lessons have impacted their organizations,” he said.
The Vice President, Strategy and Policy, RIMSON, Dr Kabir Adamu, said the global risk landscape has fundamentally shifted towards fragmentation and volatility.
In his presentation titled “The Evolving Landscape for Risk Management and Training for Professionals,” Adamu said these risks now form the new baseline for professionals.
“If you plan on the basis of stability, you are using an outdated model. In Nigeria, this global picture is filtered through a unique local lens.
“Risk management is no longer just an HR or siloed function; it cuts across every facet of individual and corporate life,” he said.
Participants at the event expressed optimism about the impact of the training on their respective organizations.
Rosaline Dalhatu, Deputy General Manager at the Nigerian Meteorological Agency (NiMet), said she would align the innovations learned at the conference with NiMet’s technical strategies.
“My takeaway is that risk should be everyone’s business. In every strategy, plans must align with the risks involved.
“As the WMO theme says, ‘Observing today, protecting tomorrow,’ we are learning how to make that tomorrow better,” she said.
Similarly, Aniema Ekong of Heirs General Insurance said risk management is a prerequisite for growth.
“Anyone who says he or she is not taking risks is not ready for growth. We have learned that risk must be embedded in everyday activities,” Ekong said.
The highlight of the event was the induction of new fellows and associates into the society.
The president presented an award of excellence to Adamu for his contribution as the induction guest speaker, as well as a special recognition award to the Director-General of the Nigerian Army Resource Centre, Maj.-Gen. J.G.K. Myam.
“We are presenting this to the centre for its tremendous contribution to the country and for being a reliable partner in hosting our annual activities,” Idriss added.
In his response, Myam congratulated the society for its role in national development and accepted the award on behalf of the centre.
The conference also featured 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 Chief Executive Officer of Consolidated Hallmark Holdings Plc, who was conferred with a fellowship of the society.
The RIMSON president charged the new inductees, noting that their elevation is not merely a reward but a responsibility to make risk management a default part of national life.
The two-day conference was themed “Sustainable Technological Innovations and Risk Management for Resilient Economies.”
