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Top 10 Business Risks in 2018/2019

Top 10 Business Risks in 2018/2019

This report presents the top 10 risks for businesses operating in key sectors of the Nigerian economy in 2018 /19.

Tomi Adepoju

Partner & Head, Internal Audit, Risk and Compliance Services (IARCS)

KPMG in Nigeria


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The Risk Consulting practice of KPMG Nigeria conducted a Risk Management survey (‘the survey’) aimed at identifying the key risks that Executives believe will impact their organisations over the next two (2) years.

The survey was used to obtain and aggregate the key risks likely to affect businesses in the consumer & industrial markets, energy & natural resources, financial services and telecommunications sectors. The rich and diverse representation of our respondents has helped us in reaching logical conclusions on the top 10 risks and the notable drivers of these risks.

To give our readers a complete and in-depth look into the risk landscape in this second edition, we increased the scope of our survey to cover the financial services sector, thus improving the depth of the analysis and ultimately the overall quality of the report. Additionally, we split macro-economic risk, assessed in 2016 into its individual components to afford respondents the opportunity to evaluate its elements, such as foreign exchange, crude oil price, interest rate, amongst others.

© 2020 KPMG Professional Services, a partnership registered in Nigeria and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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