Assessing Environmental Social and Governance (ESG) Integration in Nigeria’s Extractive Industries Through Policy Review and Analysis

• Author(s): Emmanuel Afeonkhai
• Paper ID: 1709838
• Page: 1197-1206
• Published Date: 29-07-2025
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 9 Issue 1 July-2025

Abstract

This study examines the integration of Environmental, Social, and Governance (ESG) principles in Nigeria’s extractive industries through a review of national policies and institutional frameworks. Key instruments such as the Petroleum Industry Act (2021) and the Mining Act (2007) are assessed against global standards including GRI, SASB, UNGPs, and EITI. Findings reveal that while Nigeria has made progress in ESG policy development, implementation remains fragmented, largely procedural, and weakened by poor inter-agency coordination and limited monitoring capacity. Significant ESG risks and uneven compliance persist across different operator types. The study recommends the development of a unified ESG framework, a centralized monitoring portal, mandatory performance audits, and expanded institutional capacity to support more effective and inclusive extractive governance.

Keywords

ESG, Extractive Industries, Nigeria, Sustainability, Policy Review, NEITI, PIA, Governance, Mining, Oil and Gas.

Citations

IRE Journals:
Emmanuel Afeonkhai "Assessing Environmental Social and Governance (ESG) Integration in Nigeria’s Extractive Industries Through Policy Review and Analysis" Iconic Research And Engineering Journals Volume 9 Issue 1 2025 Page 1197-1206

IEEE:
Emmanuel Afeonkhai "Assessing Environmental Social and Governance (ESG) Integration in Nigeria’s Extractive Industries Through Policy Review and Analysis" Iconic Research And Engineering Journals, 9(1)