Why govt listed Glo, others as top firms

By Kokumo Goodie, Lagos, Nigeria

Nigeria’s national carrier, Globacom and 99 other top notch firms have been listed as top 100 Firms in Nigeria for the 2014 fiscal year. The top 100 companies list is based on international benchmark set by the International Integrated Reporting Council.

The benchmark includes the amount of turnover, level of investment in the country and the number of jobs so far created in the economy. Others are the impact that these companies have had in the communities where they operate, level of corporate governance and the amount of long and medium term investment plan.

 The list was announced in Abuja on Tuesday by the Chairman, Assessment Committee, Jim Obazee. Obazee said Globacom and the other companies on the list were creating wealth and jobs for the economy and should, therefore, be honoured for their patriotism and spirit of enterprise.  Obazee explained that the activities of Globacom and the other top 100 firms had gone a long way in creating confidence in the local investment environment.

This has gone a long way in drawing other investors into the same environment thereby improving the business climate of Nigeria.  Among other companies named as 100 Top companies in Nigeria are First Bank, Dangote, Chevron and MTN. Globacom is top player in Nigeria’s telecoms sector, boasting heavy investment in integrated telecoms infrastructure and personnel. It has also made the same investments in neighbouring Benin Republic and Ghana through its mobile telephone network; and to Senegal, Ivory Coast and other West African countries through its Glo 1 infrastructure.    

The Top 100 firms recognition is the first of its kind by the Federal Government, and the high flying companies will be honoured at a dinner scheduled for December 1 at the Presidential Villa, Abuja.  

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