Home Chambers Speech by ACCI President at Disaster Risk Reduction Private Sector Dialogue
Speech by ACCI President at Disaster Risk Reduction Private Sector Dialogue

Speech by ACCI President at Disaster Risk Reduction Private Sector Dialogue


President of the Abuja Chamber of Commerce & Industry (ACCI), Prince Adetokunbo Kayode, CON., SAN delivering his address at the ongoing Sendai Framework for Disaster Risk Reduction Private Sector Dialogue taking place at Rockview Hotel, Abuja.


It gives me great pleasure to welcome you all to this very important effect.

I thank the organisers for the opportunity to underscore the critical role the organised private sector may play and ought to be playing in the challenge of disaster risk reduction and mitigation.

There is today the need for synergy, public and private synergy, in mobilising and galvanising support and effort to tackle disasters as they occur and even before they occur.

The responsibility and duty to do this must never be left or consigned to the public authorities alone. I believe that there is already a consensus that when disaster strike, entire communities are impacted. This is within the Sendai Framework.

Institutionally, the private sector is more negatively affected when disaster strikes. Businesses are destroyed, disrupted and disorganised. That creates rippled, concomitant and multiplied advese effects on societies. And it takes more time and cost to achieve the 3 Bs of build back better and the 3 Rs of recovery, rehabilitation and reconstruction.

Ladies and gentlemen, you will agree with me that the changing scope and scale of disasters, both natural and technological, have altered the ways in which disaster management and financing ought to be addressed and the roles of private-sector organizations specifically.

Scholars have deliberated much on this issue seeking to provide intellectual depth.

I believe now that we all have agreed that businesses and nonprofit organizations are becoming increasingly central to the process and strategic efforts aimed at not just cushioning effects of immediate disaster response but also contributing necessary redevelopment innovations that supports community reduction, resilience and recovery.

Our organisations must be part and parcel of combined efforts and synergy to participate in disaster recovery and financing.

This perspective brings to fore key issues confronting the private sector role in disaster recovery, preparedness financing and the private-sector readiness to play this role effectively.

As players, we know that we also have our own internal challenges when it comes to processing information, application of same, human and technical resources mobilisation and management coordination of response and mobilisation for a recovery agenda.

So we have to put these on the front burner in an on going effort at readiness and preparedness.

However, the recognition of Sendai Framework for Disaster Risk Reduction 2015-2030 that the private sector is a major stakeholder in disaster readiness and reduction, we must now beging to work o put in the structural framework for institutionalising the private sector alliance and engagement in this crucial assignment.

The proposed structure must enable public and private sectors and civil society organizations, as well as academia and scientific and research institutions to continue to work more closely together in cooperative partnership.

This will help to create a favourable atmosphere for the promotion of cooperation between major stakeholders

We therefore, must accept the abiding responsibility to create opportunities for collaboration.

Businesses also have to integrate disaster risk into their managerial processes.

I believe this will assist developing countries especially in Africa to engage their specific challenges when disaster strike.

Whether as businesses, professional associations under the private sector setting, financial institutions, professional bodies, philanthropic organizations, we need to integrate disaster risk management, including business continuity, into business models and practices.

On our part, we need to properly integrate ourselves into the United Nations Office for Disaster Risk Reduction (UNDRR) framework which has established a Private Sector Alliance for Disaster Resilient Societies (ARISE). It is a platform the private sector needs to key into so as to align with the 2030 Agenda for Sustainable Development that dovetails into a responsive force to mitigate disaster risk. This will lead to long-term growth and an assured shared prosperity.

For me, there is need for a renewed public-private partnership for the following reasons:

Help to increase efficiency and effectiveness in disaster management. The partnerships between private actors and public-sector partners and recipients can alter the strategic focus of disaster management agencies.
Public–private partnerships can reduce the burdens placed on government to provide certain goods and services immediately and over time, permitting the public sector to focus on other important strategic priorities.
For-profit businesses can provide important templates informing the design of public-sector programs.
It is on this note that I thank you for the kind attention and wish you a successful deliberations as we settle down to dissect the matter.

The Sendai Framework sets four specific priorities for action:

Understanding disaster risk;

Strengthening disaster risk governance to manage disaster risk;

Investing in disaster risk reduction for resilience;

Enhancing disaster preparedness for effective response, and to “Build Back Better” in recovery, rehabilitation and reconstruction.

To support the assessment of global progress in achieving the outcome and goal of the Sendai Framework, seven global targets have been agreed:[4]

Substantially reduce global disaster mortality by 2030, aiming to lower average per 100,000 global mortality between 2020-2030 compared to 2005-2015;

Substantially reduce the number of affected people globally by 2030, aiming to lower the average global figure per 100,000 between 2020-2030 compared to 2005-2015;

Reduce direct disaster economic loss in relation to global gross domestic product by 2030;

Substantially reduce disaster damage to critical infrastructure and disruption of basic services, among them health and educational facilities, including through developing their resilience by 2030;

Substantially increase the number of countries with national and local disaster risk reduction strategies by 2020;

Substantially enhance international cooperation to developing countries through adequate and sustainable support to complement their national actions for implementation of the framework by 2030;

Substantially increase the availability of and access to multi-hazard early warning systems and disaster risk information and assessments to the people by 2030

Prince Adetokunbo Kayode, CON., SAN
Abuja Chamber of Commerce and Industry-Nigeria


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