Antecedents of the Level of Risk Management Practices in Nigerian Local Government

Risk is one of human life certainties, and how the individual or organization deal with risk can have serious consequences on the achievement of their objectives. Risk management is a catalyst for promotion of good governance, enhancing effective internal control and organizational performance. The study focuses on antecedents of the level of risk management practices in Nigeria particularly the adoption and implementation of risk management practices in the Nigerian local government. A brief historical development of risk management and critical evaluation of the structure and problems of governance in Nigerian public sector will be discussed. The need for comprehensive risk management system to enhance good governance in the Nigeria public sector is paramount and requires a comprehensive system that will identify, assess, analyze, control and monitor all risks that will impede the achievement of the goals and objectives of local government. A framework for the implementation of risk management in the local government will be proposed.