On Thursday, August 28, 2025, Vice President Kashim Shettima, Finance Minister Wale Edun, and Central Bank of Nigeria (CBN) Governor Olayemi Cardoso called on Nigerians to embrace risk management as a national culture to bolster economic resilience amid global uncertainties, speaking at the 24th Annual International Conference of the Chartered Risk Management Institute of Nigeria (CRMI) in Lagos, themed “Global Risks, Local Solutions,” as reported by Vanguard and ThisDay. Shettima, represented by adviser Nurudeen Zauro, highlighted immediate risks like climate change, cybersecurity, pandemics, and disruptive technologies, urging households, businesses, and institutions to integrate risk management for stability (Web:0).
Cardoso, via CBN’s Blaise Ijebor, noted pressures from supply chain disruptions, capital flow reversals, and extreme weather, emphasizing that recent reforms, including fuel subsidy removal and exchange rate unification, embed risk-awareness in economic planning (Web:1). Edun, represented by Permanent Secretary Raymond Omachi, defended the reforms as necessary for sustainable growth, stating, “The future is defined by the solutions we craft together” (Web:2). CRMI President Kevin Ugwuoke underscored risk as a driver of innovation, with the conference fostering collaboration among policymakers and business leaders (Web:0). X posts from @NGVPKashim (August 28, 2025) highlighted the call for resilience, while @Naija_Activist noted 58% public concern over economic volatility, urging proactive measures (Afrobarometer, 2025) (Post:3). Nigeria’s 38.9% inflation rate and $5 billion in 2024 capital flow losses underscore the urgency (NBS, CBN, 2024).
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