By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Only 23 Firms Report Over $1 Billion In Annual Revenue In Nigeria As PEBEC Unveils 2024 Outlook
Share
Sign In
Notification Show More
Latest News
Police Recover Dead Bodies In Illegal Mining Site In Nasarawa
Environment Metro Mining News
NOGALSS unveils e-learning platform for underserved communities
Civil Society Organisations Metro News
ACE project nears funding close, stakeholders push sustainability
Civil Society Organisations Metro News
Karmo Village Head urges peace and spiritual reflection during Sallah
Culture Metro News
CORBON, COREN sign agreement on strengthening enforcement of construction standards
Labour News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > Only 23 Firms Report Over $1 Billion In Annual Revenue In Nigeria As PEBEC Unveils 2024 Outlook
BusinessEconomyMetroNews

Only 23 Firms Report Over $1 Billion In Annual Revenue In Nigeria As PEBEC Unveils 2024 Outlook

Publisher
By Publisher Published January 22, 2024
Share
3 Min Read
SHARE

…FG Launches Business Champions To Boost Large Medium-scale Businesses

James Nwabueze, Abuja

The Presidential Enabling Business Environment Council (PEBEC) has revealed that out of 345 companies with a turn over revenue of $1 billion in Africa (N1 trillion using official exchange rates), only 23 are in Nigeria.

- Advertisement -
Ad image

PEBEC made the disclosure in its recently released 2024 Outlook document which also details the Secretariat’s work plan for 2024 along with expected outcomes.

Explaining the outlook, the Special Adviser to the President on Ease of Doing, Business, Dr. Jumoke Oduwole, said the federal government will roll out interventions this year to make businesses more viable.

“Out of the 345 USD1 billion companies in revenue in Africa, only 23 are in Nigeria. She noted that the decision to change models stems from the observation that larger businesses exhibit an ‘osmosis’ effect, leading to the clustering of stakeholders. She added: “It was determined that we will need to have this new approach to move faster and to grow the economy faster in these turbulent times.”

She said the federal government is set to launch an intervention program tagged the PEBEC Business Champions Program targeted at large and medium-scale businesses which will serve as one of the five strategic pillars PEBEC will be working with this year.

Speaking about the new intervention, she noted: “The Business Champions intervention targets medium to large-sized industries and there are two parts to that programme. The first part is to work with medium-sized enterprises and have a pilot cohort of about 25 businesses. This intervention will be a bespoke service to help these medium businesses navigate the business climate from the government’s perspective. The selection of businesses will be determined by factors such as revenue, tax contributions, job creation, sectors, and export proceeds,” Dr. Oduwole said.

Oduwole also noted that with the legislative intervention, there will be a further review of the Omnibus bill, emphasizing the collaborative efforts of over 40 law firms nationwide who volunteered their expertise pro bono to review approximately 21 business laws, culminating in the formation of the 2022 Omnibus bill.

Like this:

Like Loading...

Related

You Might Also Like

Police Recover Dead Bodies In Illegal Mining Site In Nasarawa

NOGALSS unveils e-learning platform for underserved communities

ACE project nears funding close, stakeholders push sustainability

Karmo Village Head urges peace and spiritual reflection during Sallah

CORBON, COREN sign agreement on strengthening enforcement of construction standards

TAGGED: PEBEC, Presidential Enabling Business Environment Council

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher January 22, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article FAAN, CBN Relocation: Operational or Ethnic Cleansing?
Next Article Mark Brooks education recruits 70 Nigerians annually into UK boarding schools
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Police Recover Dead Bodies In Illegal Mining Site In Nasarawa
Environment Metro Mining News June 6, 2025
NOGALSS unveils e-learning platform for underserved communities
Civil Society Organisations Metro News June 6, 2025
ACE project nears funding close, stakeholders push sustainability
Civil Society Organisations Metro News June 6, 2025
Karmo Village Head urges peace and spiritual reflection during Sallah
Culture Metro News June 5, 2025

You Might also Like

EnvironmentMetroMiningNews

Police Recover Dead Bodies In Illegal Mining Site In Nasarawa

June 6, 2025
Civil Society OrganisationsMetroNews

NOGALSS unveils e-learning platform for underserved communities

June 6, 2025
Civil Society OrganisationsMetroNews

ACE project nears funding close, stakeholders push sustainability

June 6, 2025
CultureMetroNews

Karmo Village Head urges peace and spiritual reflection during Sallah

June 5, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d