by Isi Esene
The Tony Elumelu Foundation (TEF) and AllWorld Network Inc. on Tuesday organised a press conference to intimate the public on its collaborative effort at showcasing and ranking the most innovative and dynamic fast-growth private companies in Nigeria.
The event which took place in Ikoyi, Lagos, featured Ebi Brisibe, research manager, Tony Elumelu Foundation; Deirdre Coyle, co-founder of the AllWorld Network Inc.; Sam Nwanze, chief executive officer of HH Capital, and representatives of the Nigeria50 programme nominating partners.
Brisibe spoke on the essence of the Nigeria50 programme which, according to her, is aimed at “promoting and celebrating African entrepreneurs by showcasing Nigerian businesses to the world“. She disclosed that the programme have so far received over a hundred applications from companies in different sectors of the Nigerian economy.
Deirdre Coyle of AllWorld Network Inc. said the initiative is meant to promote entrepreneurship in domestic emerging markets.
She said, “Many companies have been part of the business ranking which started in the American inner-cities but has since been expanded to several other countries including Saudi Arabia, Pakistan, India and Turkey.
According to her, “The model is simple – find growth entrepreneurs, credential them, put them on the global radar screen, and markets will come to them. We call this ‘Visibility EconomicsTM’ and we believe it is the 21st century way to move the world for job growth and progress.
“We are developing a network among entrepreneurs in the countries which we have ranked; therefore we are not only connecting people, we are also connecting businesses,” she added.
Sam Nwanze said the Nigeria50 is a good initiative which will create access to capital for small businesses and encourage Nigerian companies to network with other like-minded AllWorld ranked companies.
The United Bank for Africa (UBA), Jobberman, Leap Africa, Fate Foundation, the Lagos Business School (LBS) are some of the Nigerian50 nominating partners who engage qualifying companies from their network of members, clients, partners and associates to apply for the programme.
The Nigeria50 application process is open to private companies in Nigeria who have been able to grow revenues 100 per cent or more in the past three years.
The Tony Elumelu Foundation is an Africa-based not-for-profit organisation dedicated to the promotion of excellence in business leadership and entrepreneurship across the continent.