On the 21st of March 2013, AllWorld Network in partnership with The Tony Elumelu Foundation announced the winners of the Nigeria Fast Growth 50 (Nigeria50), a ranking of 50 of the fastest growing private (non-listed) companies in Nigeria.
The inaugural winners were announced worldwide at the Nigeria50 Awards & Summit at Eko Hotel & Suits in the Zinnia Hall.
The winners, it has been observed, are the leading edge of a new form of competitiveness. They represent more than ten industries and are growing at an average of 100 percent a year. They were announced in front of an audience of 350 entrepreneurs, business and government leaders including The Honourable Minister of Trade and Investment, OlusegunAganga; Tony O. Elumelu C.O.N., Chairman of Heirs Holdings and Michael Porter the world-renowned Harvard Business School Professor and Chairman of AllWorld Network.
“We are committed to developing the future leaders of industry in Africa,” said Elumelu, “The Tony Elumelu Foundation has dedicated itself to the promotion of entrepreneurship, and the creation of an enabling environment for business leaders to reach their maximum potential and transform their communities. This is how economic prosperity for all will be achieved.” He added.
“It is entrepreneurs who are going to change the developing world, not governments. The Nigeria50 is not about 50 companies, but a process of changing the status quo.” AllWorld co-founder, Michael Porter said in his view.
Ranking at #1 is Arjan Mirchandani’s Euro Global Foods and Distilleries Limited. Swiss Biostadt Limited, a medical services company owned by Emmanuel Ajayi followed as the runner up while in third place is Global Ocean Engineers, a Lekki-based engineering services company founded in 2007 by SeunFaluyi.