Sanwo-Olu, Abiodun ask public and private sectors to strengthen alliance

Babajide Sanwo-Olu, Lagos governor; Dapo Abiodun, his Ogun counterpart, have canvassed for a functional public private partnership (PPP) in building a sustainable economy.

At an event organised by PricewaterhouseCoopers (PwC) in Lagos on Thursday, the governors urged public and private sector participants to find ways to synergise in order to speed up the country’s economic growth and reduce poverty.

The event was put together to celebrate the London Stock Exchange Group’s (LSEG) companies to inspire “Africa Report 2019″.

The report, which features 97 Nigerian companies out of the 360 list, identified and celebrated some of Africa’s most inspiring growth businesses.

The research project was carried out with the support of PwC, the Africa Development Bank Group, Asoko Insight, CDC Group and Instinctif Partners.

According to the report, Nigeria has the single largest representation with 97 companies featured, building on its leading position established in the previous report with strong representation from the industry and technology and telecom sectors.

It said Nigerian companies showed exceptional growth rates with a CAGR of 47 percent in revenue and average employee CAGR of 23 percent over a three-year period.

Earlier, David Schwimmer, CEO of LSEG, said it is encouraging to see increasing influence of women in fast-growing companies.

“London Stock Exchange Group’s ‘Companies to Inspire Africa’ report showcases inspirational and entrepreneurial businesses from across the African continent, representing a wide variety of industries and countries,” he said.

Apart from Uyi Akpata, West Africa regional senior partner of PwC Nigeria, Oscar Onyema, chief executive officer of Nigeria Stock Exchange (NSE) and Harriet Thompson, deputy British high commissioner to Nigeria, were among the dignitaries present.