Dangote, FirstBank, Elizade among Nigeria’s top 100 firms

The Federal Government
has named Dangote Group,
FirstBank, Chevron and Elizade
among the top 100 companies
operating in the country, even as it
disqualified trading companies and
those with labour issues.
The Financial Reporting Council
(FRC), which revealed this in
Abuja, yesterday, also named MTN,
Globacom, Chi Group, Nigerian
Brewery, Nigeria Flourmills, UAC,
APM Terminal, Eko Supreme,
Mamuda Industries, Doff Foods,
Wemco, Kolawaole Enterprises and
Indorama as part of the companies
which have been recognised.
The FRC’s Business Assessment
Committee Chairman, Mr Jim
Obazee, did not specify if this
development will accord the
affected companies any special
privilege aside dining with
President Goodluck Jonathan at
the villa next Monday.
However, it was learnt that this
group will form the corps of the
nation’s private sector operators
to collaborate with the government
in its Vision 20:20:20.
According to Obazee, “some of the
leaders include Chevron in oil and
gas industry, we have MTN and
Globacom in telecoms, we have
FirstBank in the banking industry,
Nigerian Breweries in the food and
beverage industry, among others.
“It is a business assessment issue
and we are looking at the top 100
businesses in Nigeria to be
celebrated for recognition which is
an initiative of President Goodluck
Jonathan administration.
“It has been a very tight exercise
for us. Since 1960, our businesses
have become global. It is
important that there should be
global recognition and global
awards, though some countries
have looked at it from the point of
award but in Nigeria we are
looking at it from the point of
recognition.
“The celebration of these
institutions will promote business
enterprise in Nigeria; it will also
foster economic and social
development and definitely lead to
the general well-being of
Nigerians.”