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How ESG in Nigerian Business Is Driving Sustainable Transformation

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ESG in Nigerian Business

ESG in Nigerian business gains momentum as NECA empowers 52 firms through training to embed sustainability, social impact and governance into core strategy

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ESG in Nigerian business is no longer a futuristic goal — it has become a vital standard for competitiveness and resilience.

Also read: UK Investment in Africa Surges as Nigeria Attracts New Business Amid US Trade Decline

Recognising this, the Nigeria Employers’ Consultative Association (NECA) is taking decisive action to support businesses in embracing sustainability.

On 8–9 July in Lagos, NECA hosted a Training of Trainers (ToT) session under the ILO ACT/EMP’s LEADER Programme, which stands for Leading Employers in Action for Social and Environmental Responsibility.

The training, conducted in partnership with the ITCILO, was tailored to meet the unique needs of Nigerian enterprises navigating Environmental, Social and Governance (ESG) compliance.

A total of 20 NECA staff and partners participated in the capacity-building workshop. They will now serve as key resource persons for expanding ESG practices across various industries.

Following this, NECA organised a two-day step-down training from 10–11 July.

Representatives from 52 companies — ranging from multinational corporations to small and medium enterprises — gathered to enhance their ESG knowledge, exchange ideas, and build strategies to integrate sustainability into their daily operations.

“ESG is no longer an option, and NECA is committed to championing it and demonstrating leadership in sustainable business practices,” said Mr Adewale-Smatt Oyerinde, NECA’s Director-General.

Participants explored practical applications of ESG principles, including environmental stewardship, ethical labour practices, inclusive growth, and transparent governance structures.

The training provided actionable frameworks for aligning business goals with global sustainability standards while addressing local challenges.

The initiative reflects NECA’s commitment to creating a responsible and competitive private sector that thrives not just on profit, but on purpose and accountability.

Also read: Lagos SMEs Export Readiness Programme Empowers Businesses for Global Trade

ESG in Nigerian business is gaining traction — and thanks to leadership from organisations like NECA, more companies are now equipped to rise to the challenge of sustainability with clarity and confidence.

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Business

How EIB, AfDB and EU Are Unlocking Nigeria’s Entrepreneurial Potential

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Nigeria’s entrepreneurial potential deserves investment—and the support to turn ideas into growing businesses.

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Through Boost Africa, the European Investment Bank (EIB), together with the African Development Bank (AfDB) and with EU support, is strengthening entrepreneurship and innovation.

By supporting venture capital investment and providing technical assistance, Boost Africa helps African businesses, including those in Nigeria, access capital, expertise
and networks to grow and reach new
markets.

Meet one of the businesses behind the Boost Africa story. Hear Daya’s
co-founders, Tomiwa “Aleph” Lasebikan, and Paul Joe share the company’s journey and ambition to connect African businesses to global markets.

▶️ Watch Daya’s Boost Africa story:

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ENERGY

NISO Warns of Severe Power Supply Strain as Gas Runs Short

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 NISO power generation has fallen as gas shortages and low reservoir levels constrain thermal and hydroelectric plants, worsening supply nationwide

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Business

Boost Africa Fuels Daya’s Bold Cross-Border Ambitions

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 Boost Africa Daya highlights how investment is supporting Nigerian fintech innovation and easier cross-border payments for African businesses

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