The Financial Reporting Council (FRC) of Nigeria has announced plans to adopt a digital platform for sustainability financial reporting, aimed at improving transparency, accountability, and data-driven regulation in the country’s corporate sector.
The announcement followed the signing of a Memorandum of Understanding (MoU) between the FRC, SALI Technologies, and Regulatory Compliance Readiness Advisors (RCRA) in Abuja. The MoU formalises the implementation of a National Digital Platform for Sustainability Reporting.
At the signing ceremony, the FRC’s Executive Secretary and CEO, Dr. Rabiu Olowo, said the platform would standardise sustainability disclosures, monitor compliance in real time, detect risks and misstatements, and strengthen enforcement through data-driven oversight.
“The platform represents a significant shift from fragmented and manual sustainability reporting to a technology-enabled framework that enhances credibility and trust in corporate disclosures,” Olowo said.
The initiative is expected to provide regulators, investors, and other stakeholders with reliable and timely sustainability information, enabling better decision-making and improving corporate governance practices nationwide.
By embracing digital solutions, the FRC aims to strengthen Nigeria’s corporate reporting ecosystem and align local sustainability reporting with global best practices.
