Climate Change Data

Strategy Management Partners (SMP)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Double the market capitalization to GDP ratio by 2030
Short-term Goals:
  • Achieve a 50% increase in market capitalization to GDP ratio in the next five years

Environmental Challenges

  • Low market capitalization as a percentage of GDP (14% in 2023)
  • FX liquidity constraints
  • Low domestic institutional capacity
  • Limited foreign investor participation (16% in 2022)
  • Low and undiversified listings compared to peers
  • Negative real yield of the equities market
  • Macroeconomic volatility
  • Restricted access to FX
  • Over-reliance on oil exports
  • Weakness of the non-oil export value chain
  • Low domestic institutional investor capacity
Mitigation Strategies
  • Ongoing FX market reform (managed float)
  • Addressing fundamental economic and structural challenges to boost diversified foreign currency earnings
  • Digitizing investment processes to appeal to younger investors
  • Refining investment guidelines to encourage domestic institutional investor participation
  • Expanding national long-term retail savings and building micro-investment systems
  • Diversifying investment products
  • Enhancing financial and investment literacy
  • Leveraging simplified digital channels
  • Implementing the Financial Ombudsman Bill
  • Enabling access to qualified financial advisors
  • Developing a strong brand to attract investors
  • Accelerating the listing of NNPCL with transparent frameworks
  • Facilitating privatization of SOEs with mandated listings
  • Incentivizing listings of large companies
  • Boosting emerging sectors and SMEs
  • Creating incentives and promoting cross-listing
  • Strengthening the SME segment of the market
  • Accelerating innovative regulated matching platforms
  • Encouraging innovation in product development
  • Fostering competition in digital securities
  • Adopting Project Bonds
  • Enabling faster adoption of ESG principles
  • Strengthening institutions and legal frameworks
  • Accelerating digital transformation and leveraging blockchain
  • Refining commodity trading and exchange structures
  • Strengthening the Investment & Securities Tribunal
  • Embedding ESG principles in the capital market
  • Reviewing the Financial Services Regulation Coordinating Committee
  • Building human capital readiness
  • Repositioning Nigeria as an International Financial Center
  • Tackling derisking of Nigeria’s financial system

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed