The Securities and Exchange Commission has announced plans to adopt international sustainability disclosure standards to attract foreign investors. Director General Emomotimi Agama said Nigeria would take a phased approach rather than a direct adoption of the framework.
Speaking at an investors’ roundtable on the International Sustainability Standards Board, Mr Agama explained that Nigeria had contributed to the task force that developed the standards and would continue to support their four pillars.
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The SEC boss outlined a strategy that includes capacity building for issuers and auditors, gradual implementation starting with larger listed firms, and developing an assurance framework to verify disclosures. He added that the approach would be aligned with Nigeria’s economic realities.
Mr Agama said the move would strengthen transparency, improve investor confidence, and position the Nigerian capital market as more competitive globally. He reaffirmed the SEC’s commitment to collaboration with domestic and international partners to ensure effective implementation.
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