Global shocks: Experts urge digital resilience for organisations
By Rukayat Moisemhe
Economic experts on Tuesday urged organisations to embrace technology and build digital resilience to protect against volatility, uncertainties, and global disruptions.
The advice was given in Lagos during the Chartered Institute of Directors (CIoD) 2025 Biennial Lecture, held in honour of outgoing president, Alh. Tijjani Borodo.
The News Agency of Nigeria (NAN) reports that the event was themed: ‘Building Digital Resilience: Governance, Risk and Compliance.’
Digital resilience refers to an organisation’s ability to withstand and recover from both expected and unexpected disruptions, using digital technologies and processes.
Dr Tayo Aduloju, Chief Executive Officer of the Nigerian Economic Summit Group (NESG), said Nigeria had improved its Cyber Risk Index, reflecting stronger defences.
However, he noted that Nigeria remains among the world’s 15 most targeted countries, currently ranking 46th on the National Cyber Security Index.
Aduloju highlighted that global digital adoption has surged, with 125 million new consumers in the US and Europe embracing digital channels since the COVID-19 pandemic.
In Africa, digital transformation is also accelerating. Smartphone adoption in Sub-Saharan Africa is projected to grow from 51 per cent in 2022 to 88 per cent by 2030.
He advised organisations to assess and strengthen their enterprise resilience, particularly in digital and cyber areas, to better navigate future disruptions.
“The global market will remain volatile. It is vital to future-proof your organisation and minimise time spent in reactive response phases,” he said.
He added that businesses which develop strong capabilities to navigate uncertainty and ambiguity are best positioned to succeed in an unpredictable environment.
Aduloju said Nigeria urgently needs a new digital economy resilience analytics tool to improve institutional readiness and address increasing cyber threats.
He affirmed that the NESG is committed to working with strategic partners to enhance national resilience strategies and digital response capacity.
Chief Anthony Idigbe, Senior Partner at Punuka Attorneys, said current economic, political, and geopolitical uncertainties are challenging and reshaping executive outlooks.
He explained that policy shifts, changing trade dynamics, and economic uncertainty have greatly influenced the perspectives of business leaders across sectors.
To navigate this environment, Idigbe stressed the need for adaptable, forward-thinking leadership that welcomes innovation and change.
He urged corporate boards to actively oversee digital governance to avoid liability risks and enhance digital resilience within their organisations.
“The board must be prepared to reset operations in the event of digital disruptions,” Idigbe advised.
Outgoing CIoD president, Alh. Tijjani Borodo, said his tenure since 2023 included both challenges and successes, with periods of intense deliberation and meaningful progress.
Borodo said he aimed to reinforce CIoD’s leadership in corporate governance, promote ethical leadership, and encourage a sustainable business environment.
He added that his administration focused on promoting excellence in governance and advocating policies that support growth and institutional resilience.
He highlighted achievements including a reconstituted governing council, creation of sectoral groups, new regulations, branch restructuring, and a rebranding of the institute.
“Today, CIoD Nigeria stands redefined and reinvigorated, prepared to shape the future of professional directorship in Nigeria and beyond.
“As I prepare to hand over leadership, I am confident in the institute’s renewed strength and future readiness,” Borodo said.
NAN also reports that the event featured the unveiling of the CIoD’s new logo. (NAN) (www.nannews.ng)
Edited by Kamal Tayo Oropo
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