The Federal Government has established a committee to assess and manage the various risks confronting the country.
This initiative was announced by the Managing Director/Chief Executive Officer of the Bank of Industry, Olasupo Olusi, during the annual conference of the Chartered Risk Management Institute in Lagos on Thursday.
Olusi, who was honoured with an honorary fellowship at the event, noted that the committee was expected to submit findings within four weeks to the Presidency.
He said, “I am delighted to say that His Excellency, President Bola Tinubu, who understands the importance of risk management and its implications for our economy at large, has recently set up a committee to look into ways we can manage risks, credit risks better and he gave us a mandate to report back to him within the next four weeks.”
The conference, themed ‘Emerging Crisis in Africa: Way Forward,’ also featured remarks from the President/Chairman of Council at CRMI, Ezekiel Oseni.
He disclosed that the institute had sponsored a risk management bill at the National Assembly, which had already passed its first reading.
