The Lagos Chamber of Commerce and Industry and the Risk Management Association of Nigeria have called for better risk management practices in organisations and, particularly, SMEs to enable them survive the challenging economic situation and harsh business environment.
A statement said the organisations stated during a courtesy visit by RIMAN to LCCI.
The Executive Secretary, RIMAN, Mr Victor Olannye, lauded LCCI as the first chamber of commerce in Nigeria for its significant role in the economic growth of Lagos State and Nigeria, promotion of sound business ethics, and delivery of best-in-class services among its members.
LCCI was extolled for doing well in providing excellent services in the promotion and protection of trade and industry in the best interest of the business community.
He commended LCCI for its numerous contributions in tackling some key topical issues in the country such as urging the Federal Government to consider the economics of refurbishing and maintaining existing refineries after the importation of contaminated fuel into the country.
Olannye also urged the government to offer businesses a great networking platform which had enhanced sustainable growth and helping improve business visibility by pathways to more business opportunities. It also urged the Federal Government to deploy the instrument of diplomacy in reaching out to well-meaning world powers towards a speedy resolution on the Russia-Ukraine crisis.