The Securities and Exchange Commission of Nigeria has announced its entry into the Growth and Emerging Markets Committee Network on sustainability, a move aimed at aligning the Nigerian capital market with global sustainability standards.
This development was made public on the sidelines of the International Organisation of Securities Commissions Annual Meeting held in Doha, Qatar.
The GEMC Network, established by IOSCO, is designed to support the adoption and implementation of the International Sustainability Standards Board Standards, particularly across growth and emerging markets.
It offers member countries access to capacity-building tools, supervisory and enforcement frameworks, and educational materials to help integrate sustainability reporting effectively.
Director-General of the SEC, Emomotimi Agama, described Nigeria’s membership in the GEMC as a significant milestone for the country’s capital market reforms.
“GEMC plays a crucial role in promoting sustainable and resilient capital markets in emerging economies. Nigeria’s membership in GEMC is a significant step towards aligning the country’s capital markets with global sustainability standards,” Agama said.
He added that the development would improve Nigeria’s credibility in the global capital markets and attract foreign investment.
