The Chartered Risk Management Institute of Nigeria has a clear message for every organisation operating under Nigerian law: risk management can no longer be an afterthought. CRMI is pushing for mandatory risk management reporting units to be established across all government agencies and registered organisations in the country.
The institute's position is that structured, formal reporting on risk is not optional, it is a governance necessity. By calling for dedicated units within agencies, CRMI is signalling that scattered or informal approaches to managing institutional risk are no longer good enough for where Nigeria needs to go.
This conversation matters beyond boardrooms and policy circles. As Nigeria works to strengthen its institutions and attract investment, how government bodies identify, report, and respond to risk will shape confidence in the system from the inside out. CRMI is putting that standard on the table, and the real question now is who in government will pick it up.
Originally published by BusinessDay.