A Bill for an Act to Establish a Standardized and Mandatory Framework for Risk Management Reporting By Registered Firms to Promote a Culture of Risk Awareness, Effective Risk Management Practices, and Accountability Among Businesses, Contributing to Stability And Resilience of the National Economy in Nigeria and for Related Matters

Abstract

This Bill seeks to establish a standardized and mandatory framework for risk management reporting by all incorporated entities with the Corporate Affairs Commission, including but not limited to private and public limited companies. The Bill aims to promote a culture of risk awareness, effective risk management practice, and accountability in all registered businesses to ensure more stability and resilience in Nigeria's economy.