President Bola Tinubu said Nigeria has become more transparent that ever, vowing that his administration will be deploying cutting-edge models to achieve financial reporting and process standardisation.

Tinubu also affirmed Nigeria’s commitment to diligently implement world-leading sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment in the country.

 

According to a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale, the President spoke during a meeting at the State House in Abuja, with the Chairman of the International Sustainability Standards Board (ISSB), Mr. Emmanuel Faber.

 

The meeting coincided with the launch of Nigeria’s Adoption Readiness Roadmap by the Financial Reporting Council of Nigeria (FRC) in collaboration with ISSB.

 

This roadmap aims to guide businesses towards comprehensive sustainability reporting standards.

 

Highlighting the importance of compliance within the sustainability agenda, President Tinubu pledged that Nigeria would continue to adhere to international standards and expressed readiness to collaborate with ISSB to effectively harness national resources through reformed and reinforced financial management systems.

 

“As an administration, we are committed to adopting cutting-edge models for financial reporting and process standardization. This applies to environmental regulation, where we are on the verge of significantly reducing the volume of gas flaring in the country”.

 

Credit: thenationonlineng.net