NECA Launches ESG Guide for MSMEs to Attract Investment as Nigeria Reforms Raise Costs
Updated
Updated · msmeafricaonline.com · Jun 25
NECA Launches ESG Guide for MSMEs to Attract Investment as Nigeria Reforms Raise Costs
2 articles · Updated · msmeafricaonline.com · Jun 25
Summary
NECA unveiled an ESG implementation guide for MSMEs at the Nigeria Employers’ Summit 2026 in Abuja, aiming to help smaller firms win investment, improve competitiveness and access new business opportunities.
The guide gives businesses practical tools to understand ESG standards, build internal capacity and apply them, as investors and development partners increasingly screen companies on environmental, social and governance performance.
NECA Director-General Adewale-Smatt Oyerinde said stronger ESG adoption could widen MSMEs’ access to finance, concessions and business support while positioning them for sustainable growth in local and international markets.
At the summit, Oyerinde said Nigeria’s FX liberalisation has reduced market distortions, but fuel-subsidy removal has lifted production costs and weakened consumer purchasing power, underscoring the need for reforms that still support enterprise growth and jobs.