The Senate Tuesday passed a bill to provide the legal framework for the establishment of the Chartered Risk Management Institute of Nigeria.
Passage of the bill by the Red Chamber, was sequel to the consideration of a report by its Committee on Establishment and Public Service.
Senator Orker Jev ( PDP Benue North west) , in a presentation on behalf of the committee chairman, Ibrahim Shekarau ( NNPP Kano Central), who was absent during plenary, said the Chartered Risk Management Institute, upon its establishment, would regulate, control and manage the risk management profession in Nigeria.
He stated that the establishment of the institution would, in no small measure, boost and entrench risk management culture in both public and private sectors, as well as reduce risk factors embedded in everyday life.
“The establishment of the Chartered Risk Management Institute of Nigeria will improve the overall risk consciousness of the nation by means of public education, seminars and workshops.
“Existence of a Chartered Risk Management Institute will provide effective oversight and sharing of information on risk management matters and tools that promote good practice among members,” he said.
