Members of the Chartered Risk Management Institute of Nigeria (CRMI) have called for urgent institutional reforms, robust data systems, and stronger ethical governance to safeguard the nation’s economy from global shocks and domestic vulnerabilities.
The experts made the call during a recent policy dialogue on economic resilience, where they highlighted the growing risks posed by weak institutions, poor data integrity, and governance lapses.
According to the CRMI, Nigeria’s economy remains highly exposed to international market fluctuations, policy inconsistencies, and inadequate risk management frameworks. They stressed that without coordinated reforms and adherence to ethical standards, the country’s economic stability could face further threats.
The institute urged government agencies and private organizations to adopt data-driven decision-making and ensure accountability in financial and operational processes.
They also advocated the establishment of a national data infrastructure to improve economic forecasting, policy evaluation, and risk assessment mechanisms.
“The future of Nigeria’s economy depends on transparency, institutional efficiency, and strong ethical leadership,” the CRMI stated, adding that sustainable growth requires consistent reforms backed by credible governance practices.
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