NECA urges MSMEs to adopt ESG for business success
The Nigeria Employers’ Consultative Association has called on businesses, especially Micro, Small and Medium Enterprises, to adopt Environmental, Social and Governance (ESG) principles. Adewale-Smatt Oyerinde, Director-General of NECA, emphasized that ESG is now essential for competitiveness and long-term growth. He highlighted that the newly launched ESG implementation guide was developed with the International Labour Organisation to help MSMEs navigate challenges. Oyerinde stressed the need for collaboration among stakeholders to create an enabling environment for sustainable business practices.
TLDR
- Adewale-Smatt Oyerinde stated that MSMEs must embrace ESG principles to improve competitiveness and attract investment.
- The ESG implementation guide was launched in collaboration with the International Labour Organisation to support MSMEs in Nigeria.
- Oyerinde noted that MSMEs face regulatory and operational challenges, making practical ESG guidance crucial.
- The guide aims to help MSMEs implement sustainable practices, meet reporting expectations, and access finance and markets.
- NECA pledged ongoing support through training, advisory services, and partnerships to drive ESG adoption across sectors.
