The Financial Reporting Council of Nigeria today, Wednesday, February 18, 2026, signed an agreement with SALI Technologies and Regulatory Compliance Readiness Advisors Ltd (RCRA) for the development of a National Digital Platform for Sustainability Regulatory Reporting, marking a significant step in strengthening sustainability oversight and corporate transparency in Nigeria. The signing ceremony took place at the Council’s office in Abuja.
The agreement establishes a framework for the design, deployment, and management of a technology-driven platform that will standardise sustainability reporting across Public Interest Entities and enhance regulatory monitoring and enforcement.
In his welcome address, the Executive Secretary and Chief Executive Officer of the Financial Reporting Council, Dr. Rabiu Olowo, described the agreement as a defining moment in the evolution of corporate reporting in Nigeria. He stated that the event represented a commitment to transparency, accountability, and sustainable economic growth.
He noted that sustainability reporting has become central to capital allocation, governance, and long-term value creation globally. According to him, investors, regulators, lenders, and development partners now demand measurable and credible sustainability disclosures alongside financial performance.
Dr. Olowo stated that the National Digital Platform would position Nigeria within the global movement toward credible and technology-enabled sustainability regulation. He explained that the platform would enable structured sustainability reporting, enhance regulatory monitoring, strengthen enforcement capability, generate actionable analytics, and support assurance activities.
He added that the Council would use the platform to standardise disclosures in alignment with globally recognised frameworks, monitor compliance in real time, identify sectoral risk concentrations, detect inconsistencies, and strengthen data-driven oversight.
The Chief Executive Officer emphasised that the initiative would replace fragmented and manual reporting processes with an integrated digital system designed to improve transparency and efficiency. He described the development as regulatory modernisation in action.
Addressing concerns about smaller businesses, Dr. Olowo stated that the platform would adopt phased and proportionate functionality to accommodate Small and Medium Enterprises. He said simplified reporting pathways would ensure that SMEs are supported in line with their scale and capacity, thereby embedding proportionality and inclusion into the regulatory framework.
The concession agreement outlines the roles of the parties. The Financial Reporting Council will provide regulatory oversight and set reporting standards. SALI Technologies and Regulatory Compliance Readiness Advisors Ltd (RCRA) will provide technical expertise, platform development, implementation support, and operational collaboration under the agreed concession framework.
Dr. Olowo further highlighted the broader economic significance of the initiative. He noted that global capital is increasingly influenced by sustainability metrics and that countries with credible and regulator-backed reporting systems attract stronger investor confidence. He stated that the platform would also generate aggregated national analytics to support evidence-based policymaking, climate risk assessment, and sectoral performance monitoring.
He commended SALI Technologies and Regulatory Compliance Readiness Advisors Ltd (RCRA) for their partnership and stressed that sustained institutional commitment, governance, and data integrity would be critical to the platform’s success.
The Council indicated that implementation activities will commence immediately, with phased deployment planned to ensure readiness of reporting entities and assurance professionals. Further guidance and technical directives will be issued in due course to support onboarding and compliance.
The Financial Reporting Council reaffirmed its commitment to strengthening public confidence in corporate reporting and aligning Nigeria with international best practices while supporting sustainable economic development.
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