The Director-General and CEO of the Nigerian Meteorological Agency (NiMet), Professor Charles Anosike says accurate weather and climate information is critical for credible sustainability financial reporting and informed investment decisions.
Anosike, who also serves as Nigeria’s Permanent Representative to the World Meteorological Organization (WMO), made the remarks during a strategic meeting with the International Sustainability Standards Board (ISSB) at the Securities and Exchange Commission (SEC) headquarters in Lagos.
The high-level session explored how climate data can be embedded into corporate sustainability and financial disclosures across Nigeria to align with global standards.
“NiMet’s data is essential for evaluating the financial impact of emission factors and guiding economic and investment outcomes. Our goal is to ensure businesses and regulators have the evidence base they need for sound, climate-aligned decisions.” Professor Anosike said.
During the meeting, NiMet presented a paper titled ‘Socio-Economic Benefits of Agricultural Meteorology in an Emerging Economy: Risks and Opportunities. The presentation highlighted how timely weather forecasts help farmers cut post-harvest losses, improve yields, and enhance food security, while outlining adaptation strategies and funding opportunities to strengthen agricultural resilience.
Welcoming the initiative, Head of the SEC Lagos Office, John Briggs stressed the importance of linking climate science with Nigeria’s capital markets.
“Integrating NiMet’s climate data into the commodity value chain at the Nigerian Exchange will strengthen transparency and boost investor confidence,” he said.
Dr. Ndidi Nnoli Edozien of the IFRS Foundation also underscored the value of credible science-backed information.
“Robust, evidence-based data underpins investor confidence and ensures alignment with global sustainability standards.” Dr. Edozien said.
Participants at the meeting agreed that while climate finance provides capital, meteorology supplies the science and data needed to direct investments effectively.
Other attendees included Professor Richard Barker, ISSB Board Member; Dr. Neil Stewart; senior SEC officials; and NiMet representatives.
The meeting reinforced meteorology’s strategic role in advancing sustainability reporting, promoting transparency, and enhancing Nigeria’s global competitiveness as the country deepens its integration into international financial and climate governance systems.
PIAK