Nigeria has reaffirmed its leadership in sustainability reporting, shifting focus from compliance to attracting capital and boosting investor confidence.
At a regulatory roundtable in Abuja, the Financial Reporting Council stressed that high-quality sustainability disclosures must be seen as a strategic tool for competitiveness and investment, not simply a regulatory cost. Officials highlighted that credible reporting can open access to cheaper financing and strengthen the country’s capital markets.
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Nigeria is the first African nation to adopt the International Sustainability Standards Board’s global framework, with a phased rollout already underway. Early adopters include Access Bank, Fidelity Bank, MTN Nigeria, and Seplat Energy.
Experts called for case studies showing how sustainability reporting has unlocked capital, while regulators emphasised the need for local climate data, stronger scenario analysis, and wider capacity-building to sustain Nigeria’s regional leadership in the field.
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