Entrepreneurs occupy a central position in a market economy, activating and stimulating economic activity. The economic success of any nation is the result of encouraging and rewarding the entrepreneurial instinct.
Nigeria Entrepreneurs Award is an exclusive award that seeks to reward excellence among the most committed and dedicated businesses operating in Nigeria. It focuses on recognizing outstanding corporate organizations and individuals who have positively impacted the economy of our country Nigeria.
The idea behind the Nigeria Entrepreneurs Award is to imbibe a culture of excellence in young and emerging business leaders and showcase thriving businesses in the Nigeria. Research has shown that developed economies are driven mainly by the private sector and specifically small and growing businesses. Small/Medium businesses collectively provide more jobs than the public sector as well as multinational organizations put together. It is therefore necessary to celebrate these captains of industries and organizations who are blazing the trail in innovation and job creation.
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has provision for the execution of the One Local Government One Product (OLOP) in the 2017 appropriation act.