LCCI, RIMAN advocate better risk management in organizations


The Lagos Chamber of Commerce and Industry and the Risk Management Association of Nigeria have called for better risk management practices in organizations and, in particular, SMEs to enable them to survive the difficult economic situation and the difficult business environment.

A press release indicates the organizations cited during a courtesy visit by RIMAN to LCCI.

RIMAN Executive Secretary, Mr. Victor Olannye hailed LCCI as the premier Chamber of Commerce in Nigeria for its significant role in the economic growth of Lagos State and Nigeria, promoting sound business ethics and the provision of first class services among its members.

LCCI has been commended for doing well in providing excellent services in the promotion and protection of commerce and industry in the best interests of the business community.

He commended LCCI for its many contributions in addressing some key issues in the country, such as urging the federal government to examine the economics of retrofitting and maintaining existing refineries after import. of contaminated fuel in the country.

Olannye also urged the government to provide businesses with an excellent networking platform that has enhanced sustainable growth and helped improve business visibility through pathways to more business opportunities. He also urged the federal government to deploy the instrument of diplomacy to reach out to well-meaning world powers for a speedy resolution of the Russia-Ukraine crisis.

LCCI chief executive Dr. Chinyere Almona said RIMAN and LCCI share similar structures and member benefits.

She said that although RIMAN was younger than LCCI, RIMAN’s impact could not be overlooked, especially as the new institutions were increasingly agile, in tune with local and global trends, and therefore with the ability to guide its members to respond appropriately. to any shock or volatility.

The chief executive said: “As long as we are working to develop the economy, there is no reason not to partner, to achieve a wider range, a louder voice and wider impacts. Advocacy is important to let government know how things work, to speak with one voice about the risk management challenge and how to deal with it.

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