ustainability-related financial information from January 1, 2024.
Ahmed said the initiative which is in line with the international sustainability standards board will promote transparency and accountability of financial information to investors. “We are now in a world where reliable sustainability information is becoming as important as financial information. Ngige who was represented by Baba Alkali, director of policy, planning, research and statistics in the ministry, said the first two standards, when finally issued on June 26, would be implemented by Nigerian private sector entities that apply the international financial reporting standards .She said they are expected to adopt it with the various commencement dates in the standards.
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