Experts gave the projections yesterday, at the Risk Management Association of Nigeria Risk Management Outlook 2022, themed: “Managing emerging risks efficiently and effectively, need to become more resilient” held virtually.
President of RIMAN and Chief Risk Officer of Bank of Industry , Ezekiel Oseni, said cyber threat is becoming a huge concern for Nigeria, especially for businesses and organisations that depend on Information Technology . He also advised institutions to limit the data access their staff have, noting that storage devices should be deactivated to address cyber crime and its effect on the economy.
Director, Climate Change and Sustainability, EY West Africa, Eunice Sampson, said the rising environmental and social risks are often not taken as a great concern by institutions in Nigeria. Sampson said this is why EY West Africa is ensuring that businesses take responsibility for these risks and help them come up with plans to mitigate the risks in their internal operations.
He said institutions should have KPIs and scan their environment, noting that while a lot goes on around, response to changes is vital.
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