ACCA welcomes the opportunity to provide views in response to the Federal Reporting Council of Nigeria’s (FRCN) call for comments on Amendments to the Roadmap Report for the Adoption of IFRS Sustainability Standards in Nigeria and Sustainability Reporting Guidelines (SRG 01).

We commend the FRCN’s effort in actively monitoring progress through the ongoing voluntary adoption phase and evolving its jurisdictional roadmap to ensure stakeholders across the sustainability reporting ecosystem have updated information and guidance for effective implementation. We recognise that several updates made are in alignment with findings and recommendations from the ACCA Sustainability Working Group Africa case study report on ISSB standards adopters in Nigeria1, launched in 2025, in collaboration with the FRCN.

This consultation response further highlights ACCA’s commitment to support the implementation of international sustainability standards in Nigeria, as part of the objectives outlined in ACCA’s Memorandum of Understanding (MoU) with the FRCN.

ACCA remains committed to fully supporting the role of the International Sustainability Standards Board (ISSB) in setting a consistent and comparable global baseline for sustainability reporting around the world. We will therefore continue to encourage jurisdictions to build on this baseline, where jurisdiction-specific reporting frameworks or guidelines are developed, in meeting region-specific needs of regulators, investors, and other key-stakeholders, in a way that supports compatibility and interoperability.

To read the response in full, please download the consultation response document found on this page.