The Chartered Risk Management Institute of Nigeria has hailed the decision of President Bola Tinubu to appoint the President and Chairman of the Governing Council of CRMI, Professor Ezekiel Oseni, as the Executive Director, Risk Management, at the National Credit Guarantee Company Limited.

In a statement made available to The PUNCH on Sunday, the Institute revealed that the appointment came at a time when Oseni was exiting office as its president.

Tinubu approved the establishment of the National Credit Guarantee Company, a financial institution aimed at unlocking credit access for individuals and businesses across Nigeria. It is set to commence full operations from July 1, 2025, backed by an initial robust capital of N100bn from a consortium of the Ministry of Finance Incorporated, Nigeria Sovereign Investment Authority, MD, Bank of Industry and MD, and Nigerian Consumer Credit Corporate Corporation.

According to the statement signed by Registrar/Chief Executive, CRMI, Victor Olannye, the appointment is a clear testament to the President’s commitment to integrating a risk-based approach in implementing the Renewed Hope Agenda.

“The establishment of the NCGC by the Federal Government is a laudable initiative that aligns perfectly with the theme of CRMI’s upcoming 24th Annual National Risk Management Conference: ‘Global Risks, Local Solutions’, scheduled to be held in Lagos in August 2025. On this occasion, the Institute renews its call for the establishment of risk management departments across all government ministries, departments, and agencies.

 Such institutionalisation will enhance operational efficiency and support the effective realisation of the Renewed Hope Agenda.

“As the only chartered risk management institute in Nigeria with global affiliations, CRMI is uniquely positioned to support the government with world-class expertise. We remain fully prepared and committed to providing best-practice risk management support wherever needed,” he added.