Glo Wins National Economic Development Award

Leading telecoms company, Globacom, has been named the Most Socially Responsible Company  by the Nigerian Capital Development Fund (NCDF).

The award was conferred on the company at the National Economic Development Awards  (NACODA 2010)held by NCDF at Transcorp Hilton Hotel on Tuesday.

Organisers of the award said Globacom was honoured because of its contributions to  social, political and economic development of the country. They explained that “the  awards honour individuals and establishments that have contributed significantly to  social, political and economic development of the country, thereby encouraging leaders to  take part in improving efficiency and effectiveness of economic systems.”

“Corporate Social Responsibility is essentially about doing good and doing well. The  award is for companies that have integrated social values and mission within business  decision-making process to achieve positive and sustainable outcomes towards the  business, environment and community at large. Globacom has over the years shown that it  has this responsibility to give back to society,” NCDF said.

The Fund had in a letter conveying the award signed by its chairman, HRM Oba Lamidi  Olayiwola Adeyemi III, explained that the choice of Globacom for the award was arrived at  after collating entries received from public and private sector respondents.

Oba Adeyemi III noted Globacom’s commitment to developing innovative products and  poverty-reduction schemes that have helped in promoting social and economic development  of less privileged Nigerians over the years.

“We also identify with your series of social, economic and political responsibility  programmes that have positively touched the lives of the entire Nigerians,” the Oba  stated.

The Nigerian Capital Development Fund was set up champion the cause of micro and rural  entrepreneurs, with a shift from the supply-led approach to a demand-driven strategy.

It collaborates with organizations and developmental projects in an effort to build  capacity in both public and private sectors and contribute to the achievement of the  Millennium Development Goals and the Nigeria Vision 20-2020.