LAGOS – Kreston Pedabo has announced plans to host a breakfast seminar in April focused on the critical role of Enterprise Risk Management (ERM) in bolstering business resilience amid economic and regulatory uncertainties.

Themed “Strengthening Business Resilience: Integrating Enterprise Risk Management for Sustainable Growth,” the seminar will convene regulators, industry experts, and business leaders to explore strategies for effective risk management.

Nosa Ogebebor, Partner at Kreston Pedabo, underscored the importance of shifting ERM from a mere compliance requirement to a fundamental business strategy. He noted that despite regulatory bodies such as the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) advocating for stronger risk management frameworks, many organizations—particularly small and medium-sized enterprises (SMEs)—struggle due to a lack of expertise and awareness.

Ogebebor identified key risks facing Nigerian businesses, including regulatory uncertainties, economic volatility, and the growing threat of cyberattacks. However, he emphasized that advancements in technology and corporate governance reforms provide opportunities to strengthen ERM frameworks.

“The cost of poor or non-existent ERM practices can be severe, exposing businesses to financial losses, regulatory penalties, and reputational damage,” Ogebebor stated. “Proactive risk management is far more cost-effective than crisis management.”

He further stressed the need for Nigerian businesses to align with global standards such as the COSO ERM Framework, ISO 31000, and the Financial Action Task Force (FATF) recommendations to enhance corporate governance, attract foreign investment, and ensure regulatory compliance.

The seminar will feature key speakers from regulatory bodies and industry leaders who will discuss best practices in risk management, corporate governance, and cybersecurity threats. Case studies on successful ERM integration will also be presented.

Describing the event as a timely intervention, Ogebebor highlighted its significance in fostering a proactive risk culture among Nigerian businesses.

With Nigeria’s economic landscape continuously evolving, the seminar aims to equip business leaders with the tools and knowledge needed to navigate risks and drive sustainable growth.