Ex-senator backs Tinubu’s $1n economy ambition

Former Senator Tolu Odebiyi has praised President Bola Tinubu's goal of building a $1 trillion economy in Nigeria, emphasizing that effective risk management is crucial for sustainable economic growth and development. Speaking at the awarding of his Honorary Fellow Chartered Risk Manager (HFCRM) title, Odebiyi commended Tinubu's economic vision, which includes attracting investment, strengthening institutions, and creating jobs.

He stressed that ambitious policies alone are not enough, and strong governance, robust institutions, and effective risk management are essential to transforming Nigeria's economy. Odebiyi urged Nigerians to support the economic transformation efforts and emphasized that effective risk management can protect public resources, boost investor confidence, reduce waste, and ensure measurable economic returns.

He identified key sectors for Nigeria's growth, such as energy, agriculture, manufacturing, mining, technology, financial services, and infrastructure, and stressed that each requires a systematic approach to risk identification, resource allocation, and building resilience against economic shocks. Odebiyi also reflected on his role in establishing the Chartered Risk Management Institute of Nigeria, highlighting the importance of risk management professionals in anticipating and managing complex challenges.

He urged the institute to further its role as a leader in African risk management through improved education, research, and collaboration with government and the private sector. Odebiyi concluded that the country's economic ambitions can only be achieved through collective effort, sustained commitment, and responsible management of opportunities and risks.