If you don't invest in risk management,
it doesn't matter what business you are in,
it's a risky business. - Gary Cohn.

Conrad Clark Nigeria Ltd. Set for ‘6th Nigerian Risk Awards and Summit’

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Preparations are in top gear following the announcement of the 6th Nigerian Risk Awards and
Summit (NRA).

Speaking at a press briefing to announce the event, Founding Partner and Chief Executive Officer of Conrad Clark Nig. Ltd, Mr. Joachim Adebayo Adenusi, popularly called “Oga Risk”, said the NRA is aimed at helping individuals, organizations and even governments to handle risk better.

He said: “The Nigerian Risk Awards and Summit is set to recognize and reward organizations and individuals, who have achieved measurable results through the effective implementation of good governance, internal controls and risk management systems.

“Particularly, the awards are aimed at celebrating those who have developed creative and innovative solutions to overcome the challenges facing their businesses and organizations,”
Oga Risk said. Entries for the awards are now open till 31st March, 2022. To register for free, please visit the summit website: www.nigerianriskawards.com.

The CEO of the strategic risk and performance management consulting firm added, “NRA is an annual event set up to encourage individuals and organizations, although last year was different as it was held virtually because of the restrictions put in place to curb the spread of the COVID19 pandemic. It is with a great pleasure that I can now say the next event will have in-person attendees.”

“After the global outbreak of Coronavirus, Nigerians have seen the level of risk and the need for risk management. The virus, unfortunately, continues to impose heavy burdens on the health systems and economies of many countries around the world, with the spread of new variants,” he said.

The awards also provide an opportunity to motivate and challenge professionals and organizations to dare to dream big as they seek to find solutions to the country’s various challenges. Risk management has become an essential skill set for successful leaders.

Oga Risk further enlightened the seated journalists on the level of damages we incur when Nigerians ignore the fact that necessary measures need to be taken. He went further by asking the big question “Are we really managing this pandemic well? Whether one likes it or not, the virus still poses a huge risk to economic growth.

The optimism that some analysts had earlier this year regarding global economic growth has now been tapered because of the resurgence of the virus caused by Omicron, and the new uncertainties it is generating.
Apart from the fiscal and economic ones induced by COVID-19, there is climate change, political conflicts and rising economic inequality, among many others.

Here in Nigeria, apart from the challenge of addressing the spill overs from persistent global shocks, it has become more urgent for the government to improve efforts to boost economic growth and improve the business climate to enable the private sector to create more jobs.

Mr. Adenusi said he was optimistic about his aspirations for Nigeria to become a great nation, having seen our passion and his belief in our potential. He said, “With mitigation measures, the world is finding ways to manage the spread of infections. We need to become better managers of threats, effective stewards of our resources (both human and natural) and pursue the goals we have set with the aim of achieving them.”

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