Embrace Technology To Mitigate Risks – RIMAN
By Paul Aroso
The Risk Managers Association of Nigeria (RIMAN) has charged players in various sectors of the economy to understand the role of financial technology in order to mitigate the possible risks it may bring.
This was disclosed at the 18th Annual International Conference of RIMAN in Lagos.
Speaking at the Conference, outgoing Chairman of RIMAN, Mr. Jude Monye said the increasing role technology was playing in every sector of the economy had birthed the need for risk officers of companies to devise means to proactively manage it.
He said that the introduction of Fintech into the financial service space in the country represents risk that risk officers of every company, regardless of the sector, must understand to be able to manage it.
“Nigeria’s economy, like others, is faced with socio-economic risks that affect businesses and lives of the citizenry. It therefore becomes imperative and topical for captains of industries, subject matter experts, policy formulators and thought leaders to gather and proffer ways of navigating this uncommon terrain in our journey to a greater, better and prosperous Nigeria.”
Speaking also, Chairman, Federal Road Maintenance Agency (FERMA), Mr. Tunde Lemo said it was possible for organisations to mitigate the impact of risks on their performance when evolving risks are understood.
“There is need for appropriate strategies which clearly mapped out to dimension them and adopt necessary measures to cushion their effect”.