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The Union: MSMEs and Environmental Accountability

The Sustainability Hub over the week organised a webinar titled “The Union: Environmental Accountability and MSMEs” Towards the Sustainability of MSMEs. The event, sponsored by MacArthur Foundation and Accountability Lab, was held on 25th August 2020.

The Multi-stakeholder event with lots of participants featured Ms Victoria Akai, the Director-General of the Abuja Chamber of Commerce and Industry, Mr Bankole Oloruntoba, the CEO of Nigeria Climate Innovation Centre, and Ms Omojo Adaji, the Monitoring and Evaluation officer of Accountability Lab Nigeria.

Others are Mr Mimshach Obioha, the Executive Director of Ventures Platform Foundation, the Head of Marketing of Abuja Technology Village, Mr Ibrahim Bashir. The Kogi State Coordinator of the National Environmental Standards and Regulations Enforcement Agency (NESREA), Mr Tunde Adigun represented the public sector.

Highlight of the Webinar by The Sustainability Hub

In case you missed the event, highlights of the discussion stems from the corporate sustainability survey conducted by The Sustainability Hub with support from Accountability Lab which includes environmental governance and ease of doing business, eco-innovations, environmental accountability in start-ups and the transition to a zero-waste economy.

The representative of Accountability Lab Nigeria, Ms Omojo Adaji in her presentation charged everyone to view environmental stewardship as a collective responsibility as most human activities today have harmful effects on the environment as a result of our economic activities and day-to-day living. There is a limit to the natural resources available on the planet and we have to take responsibility for sustainable resource management.

In her words, the DG of the Abuja Chamber of Commerce and Industry, Ms Akai highlighted the efforts of the private sector in complying with environmental regulations while suggesting policy recommendations to ease businesses in Nigeria. This is especially true as the gains made by better management and technology are still being outpaced by the environmental impacts of population and economic growth which is unsustainable.

The private sector, being the key driver of economies, has a huge role to play in ensuring its activities have minimal impact on the environment. The balance in economic, social and environmental concerns was highlighted by The CEO of the NCIC. Mr Bankole emphasized the need to consider the economic implications of environmental and social concerns to ensure the actual sustainability of the ventures lest we plunge businesses into a plethora of problems.

Funding drives innovation. In the light of this, the Executive Director of Ventures Platform Foundation charged innovators to incorporate environmental sustainability into their innovations to drive more funding. In the same vein, Mr Bashir of Abuja Technology Village gave examples of ways that young entrepreneurs can use to infuse sustainability into their businesses.

Responding to the concerns of the private sector, the state coordinator of NESREA highlighted the efforts and challenges of the agency in policy formulation and implementation as well as other oversight functions. While the audience mentioned gaps such as enforcement and sanction in the work of NESREA, the coordinator stressed that the agency is working with the government to address the issues.

Entrepreneurs at the event were supported with strategies of effectively and efficiently managing the environment with a view of making it better and more conducive for the present and future generations.Sustainability

Do not miss the next episode of this webinar series kindly follow The Sustainability Hub on all social media platforms for updates.

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