Nigeria has taken a step in improving sustainability governance and corporate accountability. The country has signed an agreement to create a National Digital Platform for sustainability reporting, which will be powered by the nation’s first core artificial intelligence platform.
The agreement was signed on Wednesday in Abuja, bringing together the Financial Reporting Council of Nigeria, Sustainability Analytics Limited and Regulatory Compliance Readiness Advisors Limited. This is a step in modernising regulatory practices.
Dr Rabiu Olowo, the Executive Secretary and CEO of the Financial Reporting Council, welcomed the initiative, saying it is a moment for corporate reporting and sustainability governance in Nigeria. He emphasised that sustainability is now a factor in global capital allocation, risk management and creating long-term value. Nigeria needs to be part of this development.
The National Digital Platform is a solution that fits with the council’s mission to promote transparency, accountability and high-quality reporting. The platform will standardise sustainability disclosures, improve oversight and provide useful analytics for regulators, assurance professionals and policymakers. Dr Olowo assured stakeholders that the council will support Sustainability Analytics Limited to ensure the platform is implemented effectively.
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Dr Eberechi Weli gave an overview of the National Digital Platform, explaining how it will tackle the problems of fragmented and manual sustainability reporting. The platform will improve data quality and make it easier to compare data and help with enforcement, assurance and policymaking.
A high-level summary of the platform’s scope, structure and implementation was also presented by SALI team members, Mr Teria Yahere and Mr Ashlee Zee, who described its architecture for structured reporting and analytics and the roadmap for adoption by regulators, reporting entities and other stakeholders. They emphasised scalability, data integrity, interoperability and continuous engagement with stakeholders to ensure effective nationwide implementation.
SALI’s technology statement was delivered by Mr Darren Gee, who said the solution is the first core AI-driven sustainability platform designed for regulatory reporting. It leverages artificial intelligence and advanced analytics to improve data quality, comparability and decision-making, placing Nigeria among countries adopting technology-enabled sustainability regulation.
