Rule detail : 313859

NGR SEC IFRS Sustainability Disclosure

Published on: Sep 28, 2026

NGR SEC issued a circular on the adoption and implementation of the IFRS Sustainability Disclosure Standards.
Follows ISSB Jun. 2023 issued inaugural general and climate standards, #177221.
Implementation Roadmap
Financial Reporting Council of Nigeria (FRCN) developed a Roadmap for the Adoption of IFRS Sustainability Disclosure Standards in Nigeria.
Roadmap sets out a phased transition with early voluntary adoption before 2024, followed by voluntary adoption until 2027.
Implementation Preparation
Listed companies and significant capital market institutions must prepare and submit their implementation plans to NGR SEC by Oct. 15, 2026.
Plans must outline governance structures, gap analysis, implementation planning, internal control and assurance mechanisms, any expected challenges.
Establish capacity building and training arrangements.
Indicate the year when the entity expects to commence sustainability reporting.
Effectiveness
Mandatory adoption for public interest entities, including all listed companies and significant capital market institutions, starts from Jan. 1, 2028.
Small and medium-sized entities must start preparing the disclosures from Jan. 1, 2030.

Regulators

NGR SEC

Entity Types

Auditor; B/D; Corp; Inv Co

Reference

Cir, 9/23/2026;

Functions

Accounting; Compliance; C-Suite; Environment; Financial; Reporting; Risk; Training; Treasury

Countries

Nigeria