WEF Global Growth Company, CWG, eyes 17.7m cloud market in Nigeria

WEF Global Growth Company, CWG, eyes 17.7m cloud market in Nigeria

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CWG Plc, a pan-African systems integration company said it is driving its aggressive plan to push Cloud services across Nigeria’s estimated 17.7 million small business amid being named a World Economic Forum Global Growth Company at the just concluded WEF Africa held in Abuja.

CWG, founded by Nigerian technology entrepreneur, Austin Okere, bagged the award because of its extraordinary growth, global corporate citizenship, executive leadership and impact on the competitive landscape of the ICT industry in Africa, WEF said.

According to David Aikman, Managing Director and Head of the New Champions at the World Economic Forum, “When choosing entrants to our Community of Global Growth Companies, we assess companies on their business model, annual revenues and growth rates, executive leadership and market position. CWG Plc is a dynamic group with clear potential to shape the future in its relevant business sector and so is a perfect fit to our GGC community.”

The recognition is coming on the heels of the recent listing of the company’s shares on the Nigerian Stock Exchange, to become the largest security in the ICT sector of the NSE, coupled with its 81% year on year growth in profit after tax in its recently released financial statement for the 2013 financial year.

Commenting on the award Austin Okere, CWG Chief Executive Officer explained that the company is focusing on how it can provide services in the cloud on a subscription basis for its customers.

According to him “statistics show that there are about 17.7 million Micro, Small and Medium Enterprises (MSME) in Nigeria today. If we could help each of them to build sufficient capacity to employ one more person, we shall create 17.7 million additional jobs, enough to absorb all the 16 million unemployed youths in Nigeria with a generous surplus to spare.”

Okere was a panelist on the SME Summit of the WEF Africa at Abuja alongside Sunil Bharti, Founder and Chairman Bharti Industries and Head of ICT, WEF USA and Omobola Johnson, Minister of Communication Technology.

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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929