Global Visibility for Nigeria's Fast Growth Entrepreneurs: AllWorld Network Joins Forces With The Tony Elumelu Foundation to Launch the Nigeria Fast Growth 50

Global Visibility for Nigeria's Fast Growth Entrepreneurs: AllWorld Network Joins Forces With The Tony Elumelu Foundation to Launch the Nigeria Fast Growth 50 PR Newswire LAGOS, Nigeria, July 4, 2012 LAGOS, Nigeria, July 4, 2012 /PRNewswire/ -- Today, the AllWorld Network Inc., co-founded by Professor Michael Porter of Harvard Business School, and The Tony Elumelu Foundation announced the launch of the Nigeria Fast Growth 50 (Nigeria50). This is a pioneering effort to showcase and rank the most innovative and dynamic fast-growth private companies in Nigeria. Nigeria is soon expected to become the largest economy in Africa and is home to one-fifth of Sub-Saharan Africa's population. With a 10-year track record of GDP growth at almost 9%, it is increasingly becoming a destination for global investment. Information on Nigeria's larger companies and conglomerates is readily available. However, younger and smaller companies suffer from a profound lack of visibility. Yet this medium-scale enterprise sector is the engine of future economic growth, creating the next wave of employment and innovation, and driving the economy and fostering social and economic prosperity. Many smaller and dynamic companies, which may now only be employing 20 people, could grow to 200 or 2,000 if they had global visibility and investors. The Nigeria50 will be published nationally and globally, giving visibility to emerging company stars.