Obijackson Group makes London Stock Exchange ‘Companies to Inspire Africa’ list

By Sebastine Obasi

Three companies under the Obijackson Group, a wholly Nigerian business concern, made the inaugural edition of the London Stock Exchange, LSE, “Companies to Inspire Africa” list, a report from LSE stated.

The report which showcases Africa’s success stories to international investors, policy makers and other stakeholders in the global space listed the companies as Nestoil Limited, Energy Works Technology, EWT and B&Q Dredging.

Nestoil Limited was said to be a Nigerian indigenous leader in oil and gas pipeline construction.

EWT is a foremost United Kingdom Accreditation Service, UKAS, certified manufacturer of pressure vessels, process plant equipment, and oil and gas steel structures fabricator in West Africa, while B&Q Dredging was said to have the largest fleet of dredgers in Nigeria.

According to a commentary by the World Bank Treasurer, Arumah Oteh, “The companies profiled in this report, not only generate vital employment opportunities and contribute to sustainable economic growth, but are also the bastions of best practices and good corporate governance. They have also had to weather the challenges that African private entities often have to contend with, notably a difficult operating environment, weak infrastructure and inadequate access to finance”.

Also speaking the Chief Executive Officer of the LSE Group, Xavier Rolet noted that “the motivation behind researching and publishing this report, was to demonstrate what we instinctively believe, that these companies are fundamental to the successful future of the African economy, with enormous potentials for growth and high quality job creation. High growth private companies are fast becoming the driving force behind African economies and are developing skills, creating high quality jobs and driving economic growth”.

Commenting on this achievement, Dr. Ernest Azudialu-Obiejesi, Group Managing Director of the Obijackson Group stated: “This recognition has joined the list of factors propelling our Group forward to the achievement of greater level of best practices, good governance, quality and efficiency, in our effort to help lift a huge number of people out of poverty on the African continent. We happily accept the recognition and interpret it as a call for us in the Obijackson Group to remain focused in our mission of contributing substantially to economic growth, further creation of quality jobs, training and sustaining some of the best talents in Africa, generation of tax revenues and helping to drive forward our continent of Africa that is home to more than one billion people”.

In building the list of ‘Companies to Inspire Africa’, the LSE collaborated with several reputable international organisations with a history of unwavering credibility.

These included Price Waterhouse Coopers (PwC), CDC Group, African Development Bank and other notable institutions.

Highlighting the efficiency of the companies listed in the report, the CEO of the London Stock Exchange Group indicated that “The companies listed and profiled in the report boast an impressive average compound annual growth rate of 16 percent”. Similarly, Professor Edward Scicluna, an economist, who is also the Maltese Minister of Finance and President of the Council of the European Union (EU) said “that the companies like those showcased in the ‘Companies to Inspire Africa’ report will generate productive jobs and sustainable livelihoods, and that the report is an admirable milestone in the rise of Africa’s entrepreneurs, sharing their success with the global community”.

Priti Patel, a member of the British Parliament and the British Secretary of State, Department for International Development averred that “Companies to Inspire Africa’ showcases some of the outstanding stories of innovation, bravery and growth across the continent. It brings Africa’s entrepreneurial spirit to an international audience, and I would like to congratulate all the companies featured, for their vision, ambition and tenacity.

It is their success that will drive Africa forward to a future of prosperity and away from reliance on international aid”.

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