July 12, 2019 / 10:.30PM / Ottoabasi Abasiekong for Proshare
WebTV / Header Image Credit: NSE
The London Stock Exchange Group yesterday launched its “Companies to Inspire Africa 2019 Edition” in Lagos, Nigeria.
It had a special guest of honour, Mr. Dapo Abiodun, MFR the Executive Governor of Ogun, who in his keynote address assured the business community that the State was laying out enablers and pillars to promote an investor-friendly environment.
He informed stakeholders that Ogun State was poised to take the position of investment destination of choice in Nigeria.
Governor Abiodun stated that some of the 97 Nigerian companies captured in the “Companies to Inspire Africa 2019” had businesses and dealings tied to Ogun State.
He outlined the strategic plans of his administration, which include establishing critical industrial, tech and agro-processing zones, as well as setting up the Ogun State Investment Promotion Agency, OGIPA.
Mr. Uyi Akpata Senior Country Partner, PwC Nigeria, in his remarks said the report featured inspiring stories of companies breaking new grounds in Africa.
Akpata lauded the Presidential Enabling Business Environment Council, PEBEC and the Nigeria Investment Promotion Council, NIPC, for the remarkable work of supporting an enabling environment for businesses in the country.
Also speaking at the event Mr. Ibukun Adebayo, Director, C0-Head Emerging Markets, London Stock Exchange Group said that the “Companies to Inspire Africa” put a spotlight on the private sector success stories in Africa.
It was also an opportunity to present investment opportunities in Africa to global investors who are involved with the London Stock Exchange Group.
British Deputy High Commissioner to Nigeria Harriet Thompson in her goodwill message assured stakeholders, that the UK was committed to supporting the development of Nigeria’s economy.
She also hinted that the UK would host an African Investment
Summit in 2020, which will provide a platform to showcase African businesses
and connect them to potential investors.
CEO of the Nigeria Stock Exchange Mr. Oscar Onyema described the “Companies to Inspire Africa Report” as an exceptional depository of inspiring economic stories of leading companies in the continent.
Onyema said the NSE was planning a Growth board that will assist in reducing the barriers faced by Businesses with great prospects of high performance.
The event featured panel sessions discussing “Investing in
Nigeria’s private sector-talk to action”, “Building a sustainable growth
enterprise through the capital market”, “Reimagining traditional industries for
a modern Nigeria” and “The Impact of corporate governance on growth companies
and investor Confidence”.