PEBEC Names Tolaram Inaugural Cohort Of Business Champions

Presidential Enabling Business Environment Council (PEBEC) has named Tolaram as one of the companies forming the inaugural cohort of the prestigious Platinum PEBEC Business Champions (PPBC).

The council disclosed this during a visit to the Lagos Free Zone (LFZ), a Tolaram venture, on Wednesday, September 4, 2024, in Ibeju Lekki. The visit was led by the Special Adviser to the President on PEBEC & Investment, Dr. Jumoke Oduwole.

The Presidential Enabling Business Environment Council (PEBEC) was established in July 2016 to oversee Nigeria’s business environment reform intervention with the dual mandate of removing bureaucratic and legislative constraints to doing business and improving the perception of the ease of doing business in Nigeria.

Dr. Oduwole explained that the Program aims to deliver a targeted impact on company operations to foster growth in Nigeria’s economic landscape. She noted that this special cohort of Business Champions was strategically curated from companies grossing over USD 1 billion in revenue per annum that have demonstrated a strong commitment to driving inclusive growth.

“Our selection criteria for these companies include factors such as the number of jobs these entities support, the value of tax remittances, the value of foreign exchange earnings they bring into the country, and evidence of their regulatory compliance status” she said.

On the rationale for selecting Tolaram, Dr. Oduwole described Tolaram as a leading player in Nigeria’s economic landscape, with relentless investments in diverse sectors and a commitment to innovation that has significantly advanced Nigeria’s economic growth and global standing. She commended Tolaram’s unwavering dedication to transforming the Nigerian economy through its remarkable contributions across various industries.

In his remarks, Haresh Aswani, managing director of Tolaram, commended the Presidential Enabling Business Environment Council (PEBEC) for recognising Tolaram’s contributions to the growth of the Nigerian economy.

Haresh pledged the company’s commitment to continue investing in Nigeria, with a focus on building more industries that would address the issue of unemployment in the country.

“We are grateful to PEBEC for recognizing Tolaram’s contribution to the Nigerian economy by including us in the inaugural cohort of the prestigious Platinum PEBEC Business Champions Program. This recognition further strengthens our commitment to doing business in Nigeria. As you know, Tolaram has been here for more than 50 years. We are constantly focused on building more and more industries” he said.