The Executive Secretary/CEO, Financial Reporting Council of Nigeria, Dr. Rabiu Olowo on Friday, May 3, 2024, inaugurated the Nigerian Actuarial Development Programme (NADP) Workgroup to foster growth, innovation, and excellence within the field of actuarial practice in Nigeria.

Speaking during the inauguration of the NADP Work Group, Dr. Olowo emphasized the crucial role of actuaries in shaping the nation’s financial landscape.   He stated that “the establishment of this workgroup underscores our unwavering commitment to nurturing local talent, driving innovation, and propelling the profession of actuarial science forward in Nigeria. By uniting experts and stakeholders, we aim to cultivate a dynamic ecosystem that encourages collaboration, knowledge sharing, and continuous learning.”

He added that “our vision for the Nigerian Actuarial Development Programme Workgroup is resolute: to cultivate a pipeline of skilled professionals who will fuel sustainable growth, advocate for financial inclusion, and mitigate risks within our economy. Through targeted training, mentorship, and capacity-building initiatives, we aspire to empower individuals to excel in this dynamic field and contribute meaningfully to our nation’s developmental agenda.”

Dr Olowo charged each member to approach this task with dedication, innovation, and an unwavering pursuit of excellence, adding that “Nigeria looks to us with hope and expectation, understanding that failure is not an option. The stakes are high, and the challenges are formidable, but with our collective effort and unwavering determination, success is inevitable.”

The NADP Workgroup is led by Dr. Rabiu Olowo as Chairman and Mr. Rotimi Okpaise as Coordinator and includes distinguished professionals from various organizations and institutions. Representatives are drawn from the Nigerian Actuarial Society, NAICOM, Universities, Renowned auditing firms, Regulatory agencies, and Industry associations.

The Executive Secretary/CEO, Financial Reporting Council of Nigeria, Dr. Rabiu Olowo on Friday, May 3, 2024, inaugurated the Nigerian Actuarial Development Programme (NADP) Workgroup to foster growth, innovation, and excellence within the field of actuarial practice in Nigeria.

Speaking during the inauguration of the NADP Work Group, Dr. Olowo emphasized the crucial role of actuaries in shaping the nation’s financial landscape.   He stated that “the establishment of this workgroup underscores our unwavering commitment to nurturing local talent, driving innovation, and propelling the profession of actuarial science forward in Nigeria. By uniting experts and stakeholders, we aim to cultivate a dynamic ecosystem that encourages collaboration, knowledge sharing, and continuous learning.”

He added that “our vision for the Nigerian Actuarial Development Programme Workgroup is resolute: to cultivate a pipeline of skilled professionals who will fuel sustainable growth, advocate for financial inclusion, and mitigate risks within our economy. Through targeted training, mentorship, and capacity-building initiatives, we aspire to empower individuals to excel in this dynamic field and contribute meaningfully to our nation’s developmental agenda.”

Dr Olowo charged each member to approach this task with dedication, innovation, and an unwavering pursuit of excellence, adding that “Nigeria looks to us with hope and expectation, understanding that failure is not an option. The stakes are high, and the challenges are formidable, but with our collective effort and unwavering determination, success is inevitable.”

The NADP Workgroup is led by Dr. Rabiu Olowo as Chairman and Mr. Rotimi Okpaise as Coordinator and includes distinguished professionals from various organizations and institutions. Representatives are drawn from the Nigerian Actuarial Society, NAICOM, Universities, Renowned auditing firms, Regulatory agencies, and Industry associations.

The Financial Reporting Council of Nigeria is pleased to inform the public that the deadline for the call for Expression of Interest (EOI) for Independent Corporate Governance Reviewers (ICGR) has been extended to Friday, May 10, 2024.

The extension has become necessary in response to:

• Calls & appeals from would be respondents making spirited efforts to assemble requested documents to meet minimum criteria stipulated; and
• ⁠Need to give opportunity to a wide range of subject matter Experts (Individuals & Firms), in Corporate Governance.

Refer to our publication in ThisDay Newspaper (Page 26); Daily Trust Newspaper (Page 27) and Council’s Social Media platforms, all from Monday April 15, 2024.

Qualified candidates are invited to submit their Expression of Interest (EOI) (with Subject Reference: ICGR) to dcg@frcnigeria.gov.ng to be considered for this opportunity.

Click here for more details:

The Financial Reporting Council of Nigeria is delighted to announce the release of the Roadmap Report for Adoption of IFRS Sustainability Disclosure Standards in Nigeria. This report marks a significant step towards promoting sustainability and enhancing corporate reporting practices in the country.

The Report outlines the necessary steps and guidelines for the adoption of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards in Nigeria. These standards, developed by the International Sustainability Standards Board (ISSB), aim to provide a comprehensive framework for organizations to disclose their sustainability-related information.

The Roadmap Report for Adoption of IFRS Sustainability Disclosure Standards in Nigeria was developed by the Adoption Readiness Working Group ( ARWG) comprising of Industry Regulators, Donor Agencies, Preparers (Private Organizations), Professional Accounting Organizations (PAOs), Assurance Providers amongst others.

To access the Roadmap Report, please click here