Nigeria Risks Investment Loss Without Strong ESG Disclosures

Dr. Emomotimi Agama, Director of the Securities and Exchange Commission (SEC), warned that Nigeria could lose access to billions of dollars in global investments if companies do not strengthen their environmental, social, and governance (ESG) disclosures.

This warning was issued at the FITC Sustainability ESG Conference 2026 held in Lagos, where business leaders, policymakers, regulators, and investors gathered to discuss sustainable development across Africa. Agama emphasized that global investors are increasingly directing capital toward organizations with transparent governance structures and robust ESG frameworks.

Companies that fail to improve the quality of their sustainability disclosures risk exclusion from growing international investment flows. The conference also featured insights from Dr.

Chizor Maliz, who described sustainable ESG strategies as essential for competitive advantage. Prof.

Fabian Ajogwu, Chairman of the Advisory Board at FITC, called for urgent coordinated climate action, highlighting that environmental stewardship is crucial for long-term economic resilience in Africa.