The Nigeria Employers’ Consultative Association (NECA), in partnership with the International Labour Organisation (ILO), has launched a new environmental, social, and governance (ESG) implementation framework tailored for micro, small, and medium enterprises (MSMEs) in Nigeria.
According to the organizations, the guide arrives at a pivotal moment when ESG factors have become essential for business competitiveness, sustainability, and long-term success, particularly for MSMEs.
Key details of the ESG guide
During the launch event, NECA Director-General Adewale-Smatt Oyerinde explained that the guide offers MSMEs clear, simplified explanations of ESG concepts, practical steps for implementing sustainable practices, guidance on meeting emerging reporting standards, identification of relevant ESG risks and opportunities, and strategies to improve access to finance and market opportunities.
Oyerinde noted that while large corporations often have the resources to navigate ESG requirements, many MSMEs—which form the backbone of Nigeria’s economy—struggle with where to start, what is needed, and how to adopt ESG principles cost-effectively. This challenge prompted the collaboration between NECA and ILO to create the framework.
Beyond compliance: Unlocking value
Oyerinde emphasized that ESG is not merely about compliance but about unlocking value. Businesses that integrate ESG into their operations are better positioned to attract investment, secure financing, and compete effectively in both local and international markets.
For Nigeria, supporting MSMEs in adopting ESG practices is central to achieving inclusive economic growth, job creation, and sustainable national development.
“At NECA, we recognize that the transition to sustainable business practices requires more than guidance; it requires continuous engagement, capacity building, and collaboration. We are therefore committed to supporting our members and the wider business community through training, advisory services, and strategic partnerships that will drive ESG adoption across sectors,” Oyerinde said.
Call to action for stakeholders
He urged all stakeholders—including government, financial institutions, development partners, and the private sector—to work together in creating an enabling environment that supports MSMEs on their ESG journey.
To MSMEs across Nigeria, Oyerinde encouraged them to use the framework as a practical tool to start, improve, and scale their sustainability efforts in ways that benefit their businesses.
He expressed the partners’ commitment to helping Nigerian businesses not only adapt to global sustainability expectations but also thrive because of them.
