As part of efforts to encourage more indigenous companies in growing the economy, the federal government has announced plans to reward about 100 top companies in the country.
Minister of Industry, Trade and Investment, Olusegun Aganga, who disclosed this to journalists last week in Abuja, noted that these companies are being recognised because of their contribution to the nation’s economic growth and job creation.
The minister announced that the Top 100 Business Initiative enlisted companies that cut across various sectors such as oil and gas, telecommunications, construction, and food manufacturing, amongst others.
Aganga, who made the announcement on behalf of President Goodluck Jonathan, stated that it is a presidential initiative and it is fashioned after America’s Fortune 500 in terms of the criteria used for the choice of the companies.
He added that the initiative coincides with Nigeria’s centenary year, and that this was long overdue for Nigeria as the biggest economy in Africa and the largest investment destination on the continent.
The President will unveil the top 100 companies, according to him, on December 1.
“The number of investors that have come into Nigeria in the last two years are more than what we’ve had in the last 10 years. We are happy about this because they generate employment and drive economic growth”, Aganga said.
The minister stated that the criteria for the choice of the companies are verifiable, adding that both local and foreign companies made the list of the Top 100.
He disclosed that those who do not make the list this year would be motivated to join the “top club” in the years to come.
“Nigeria is filled with winners. Nigeria is filled with great investors and companies. I’m proud to be a Nigerian. We are proud of the value and services that these companies offer to Nigerians”, he said.