By Progress Godfrey
ABUJA — The Financial Reporting Council of Nigeria (FRC) says more than 50 organisations are actively working towards adopting the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards.
Executive Secretary and Chief Executive Officer of the FRC, Dr. Rabiu Olowo, disclosed this yesterday at the 5th Annual Nigeria Employers’ Summit in Abuja, themed, “Leveraging Reforms and ESG for Enterprise Competitiveness and Inclusive National Growth.”
He said: “I am pleased to report that the response from the Nigerian business community has been encouraging. As we speak, over 50 organisations across various sectors of the economy are actively progressing towards full adoption of the IFRS Sustainability Disclosure Standards.”
According to him, “These organisations cut across banking, financial services, manufacturing, industrial goods, consumer goods, oil and gas, telecommunications, insurance, fintech and even the SME sector.”
