FRC, firms roll out tech-driven sustainability reporting framework for public interest entities
Favour Okpale
The Financial Reporting Council of Nigeria (FRC), in partnership with SALI Technologies and Regulatory Compliance Readiness Advisors (RCRA), has launched a National Digital Platform for sustainability regulatory reporting aimed at strengthening transparency, enforcement and data-driven oversight across Public Interest Entities in Nigeria.
The initiative is designed to standardise sustainability disclosures, enhance real-time compliance monitoring and position Nigeria within the global movement toward credible, technology-enabled corporate reporting.
The partnership, sealed at a formal ceremony on Wednesday in Abuja, signals Nigeria’s push to align with global standards in sustainability disclosure, regulatory oversight and data-driven governance.
Rabiu Olowo, Executive Secretary/Chief Executive Officer of the FRC, speaking at the signing ceremony on Wednesday in Abuja, described the initiative as a commitment to the future of transparency, accountability and sustainable economic growth.
He said the digital platform would enable structured sustainability reporting across Public Interest Entities (PIEs), enhance regulatory monitoring, strengthen enforcement, and generate actionable analytics to support assurance and compliance activities.
“The National Digital Platform we are launching today positions Nigeria firmly within the global movement toward credible, technology-enabled sustainability regulation.
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“This platform will enable structured sustainability reporting across Public Interest Entities. It will enhance regulatory monitoring. It will strengthen enforcement capability. It will generate actionable analytics. And importantly, it will support assurance activities that enhance credibility and trust,” he said
He noted that investors and development finance institutions increasingly require measurable sustainability performance alongside financial results.
According to him, the platform will standardise sustainability disclosures in alignment with globally recognised frameworks, allow real-time compliance monitoring, detect inconsistencies and potential misstatements, and improve sector-wide risk analysis.
“For too long, sustainability reporting has been fragmented and manual. Today, we are replacing fragmentation with integration and inefficiency with digital intelligence,” he added.
Olowo emphasised that while the framework will focus on Public Interest Entities and the initiative would strengthen investor confidence, as countries with credible, regulator-backed digital reporting systems are better positioned to attract sustainability-sensitive global capital.
“Across the world, sustainability is no longer a peripheral concern. It has become central to capital allocation, risk management, governance, and long-term value creation. Investors, regulators, lenders, development partners, and citizens now demand not only financial performance, but responsible, transparent, and measurable sustainability performance. Nigeria must not stand on the sidelines of this transformation,”Olowo said
In his remarks, Eberechi Weli, Chief Executive Officer of SALI Technologies, said the partnership reflected Nigeria’s readiness to embrace advanced, data-driven sustainability reporting supported by artificial intelligence.
Weli explained that SALI’s technology is designed to reduce manual effort, improve accuracy and enable digital evaluation of sustainability reports across sectors.
“What we intend to do is to enable reporting and evaluation of reporting digitally,” he said
He added that the collaboration would position Nigeria as a leader in credible sustainability reporting.
On his part, Iheanyi Anyahara, Founder and Chief Executive of RCRA, said the initiative represented not just regulatory modernisation but national capacity development.
He noted that RCRA’s role would focus on building competence across the reporting ecosystem, including regulators, reporting entities, assurance professionals and SMEs to ensure effective adoption of the platform.
“Our mandate in this partnership is clear: to ensure that the ecosystem, regulators, reporting entities, assurance professionals, possess the knowledge, skills, and institutional readiness to use this platform effectively and responsibly.
“The National Digital Platform will provide structure, transparency, and intelligence.
RCRA will provide understanding, training, guidance, and professional development.
“Technology alone does not transform systems. People do. Standards do not implement themselves. Data does not become credible without competence,” Anyahara said.
He said RCRA would provide training, guidance and professional development to strengthen sustainability reporting capabilities and support regulatory personnel in leveraging digital tools for monitoring and enforcement.
