By Favour Nnabugwu
RISK managers in the country have warned federal and state governments against risks posed to national security as a result of insufficient means of identification of millions of Nigerians and foreigners domiciled in the country. The Risk Managers Society of Nigeria (RIMSON)) at its annual conference in Lagos, said the risks posed by unregistered people underscored the imperative for a centralised identification database of all people resident in the country anchored on a National Social Security Scheme.
RIMSON president, Jacob Adeosun, said government should engage the services of professionals to address the issues.
He stated: “The entire national budgeting process should be reviewed in such a way as to incorporate risk management concepts, focusing on the ultimate goals of the budgeting process and ensuring that necessary steps are taken to mitigate likely deviations and lack-lustre implementations from the onset.”
He highlighted the global cyber threat and the need for a central governmental agency to address existing and emerging cyber threats, and to mandate all regulators to create a framework for identification and mitigation of the risks. “As a result of the magnitude of cyber risk, Rimson appeals to the Nigerian insurance industry to develop and market products that would help Nigerians to protect their cyber infrastructure and the attendant risks.”Read Full Story