FRC to deploy digital platform for sustainability reporting
The Financial Reporting Council (FRC) on Wednesday in Abuja announced plans to adopt a digital platform for sustainability financial reporting, following a Memorandum of Understanding between the Financial Reporting Council of Nigeria (FRC), SALI Technologies and the Regulatory Compliance Readiness Advisors (RCRA). Daily Trust understands that the MoU formalises the implementation of a National Digital […]
The Financial Reporting Council (FRC) on Wednesday in Abuja announced plans to adopt a digital platform for sustainability financial reporting, following a Memorandum of Understanding between the Financial Reporting Council of Nigeria (FRC), SALI Technologies and the Regulatory Compliance Readiness Advisors (RCRA).
Daily Trust understands that the MoU formalises the implementation of a National Digital Platform for Sustainability Reporting, targeted at strengthening transparency, accountability and data-driven regulation across Nigeria’s corporate ecosystem.
At the signing ceremony in Abuja, Executive Secretary and CEO of the Financial Reporting Council, Dr. Rabiu Olowo said the FRC would standardise sustainability disclosures, monitor compliance in real time, detect risks and misstatements, and strengthen enforcement through data-driven oversight.
He said the platform marks a shift from fragmented and manual sustainability reporting to a technology-enabled framework that enhances credibility and trust in corporate disclosures.
He said, “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.
“For too long, sustainability reporting has often been fragmented, manual, inconsistent, and difficult to verify. Today, we are replacing that fragmentation with integration. We are replacing opacity with transparency, and we are replacing manual inefficiency with digital intelligence.”
Chief Executive Officer of SALI Technologies, Dr Eberechi Weli, said the partnership reflected Nigeria’s readiness to embrace advanced, data-driven sustainability reporting supported by artificial intelligence.
He explained that SALI’s technology was developed to reduce manual effort, improve accuracy and enable digital evaluation of sustainability reports across sectors and organisations, adding that, “What we intend to do is to enable reporting and evaluation of reporting digitally.”
Also speaking, Founder/Chief Executive, Regulatory Compliance Readiness Advisors (RCRA), Limited, Dr Iheanyi Anyahara described the initiative as a national capacity development effort that impacts beyond just a regulatory exercise.