Falcon Corporation, an indigenous conglomerate, has marked its 25 years of service in the Nigerian energy space and pledged to support local content growth. The celebration held in Lagos with key players in the petroleum industry.
Falcon Corporation has reiterated its commitment to boosting local content and indigenous capacity. At the celebration of its 25 years of unbroken service delivery to the nation, the firm stated that since inception, it has maintained 100 per cent Nigerian workforce and to date maintains over 68 per cent spend on local products/services.
According to the Managing Director/Chief Executive Officer, Professor Joe Ezigbo, the company had grown from a small service company 25 years ago to a conglomerate that significantly plays in the oil and gas industry, fabrication and structural activities, natural gas distribution as well as delivery of pipelines and metering infrastructure.
The 25 years anniversary tagged: A Night of Inspiration, brought together oil and gas industry bigwigs, policy makers, government officials, entrepreneurs and the firm’s customers.
In his opening address, Professor Joe Ezigbo, said: “Today marks the continuation of our long tradition of excellence, quality and unparalleled service delivery to our customers. Our organisation was founded on the principles of integrity and innovation, with a vision to make a tangible impact and elevate the profile of private entrepreneurial development in Nigeria. We started in Port Harcourt from our humble beginning as an oil service company. Our change of operational base, scope of service and corporate name notwithstanding, our sound moral character, spirit of enterprise and excellence, resilience and commitment to creating long-term sustainable value have never wavered.
“As we mark our 25 years of commitment to developing an indigenous great Nigerian brand, our spirit of enterprise, excellence and sound ethics has continued to pervade the very fabric of our business to date.
“Falcon aims at being a strong player across the value chain of Nigeria’s energy sector. It is strategically positioned to create value-adding jobs for our ever-growing population of vibrant youths. From inception, we envisioned Falcon as it is today, we right now see a Falcon 25 years from now which will outlive its founders and soar high, launching into the international business landscape, comparable to global brands like Coca-Cola, Mercedes-Benz and Nike.”
Also the Executive Director and Co-Founder, Falcon Corporation Limited, Mrs. Audrey Joe-Ezigbo, in her welcome address, relived the challenges the company faced in its early years but noted that it was doggedness and determination that kept the organisation going over the years. “The story of Falcon has been a journey of translating vision and passion into success. It is a journey of obligation to building Nigeria by Nigerians through intentionality, resilience, and dedication against all odds. We started Falcon with very little, but with sufficient zeal, an undying dream and a sense of duty to establish an institution of repute, we have built a formidable organisation of repute and we remain committed to leaving a lasting legacy to the future generation,” she stated
Audrey Joe-Ezigbo, who also serves as the President of the Nigerian Gas Association (NGA), the umbrella association for professionals and businesses in the Nigerian gas industry, emphasised that Falcon has made remarkable contribution to the development of Local content in Nigeria. “Falcon Corporation is fully committed to local content development aspirations of our nation. From inception, we have operated with a 100 per cent Nigerian workforce and to date maintain over 68 per cent spend on local products/services.
“We consider our local experience to be a critical asset for the growth of our industry in a sustainable manner and a notable contribution by Falcon Corporation to national development. We are determined to continue to develop our competencies and capabilities even further and where appropriate, we are open to the creation of strategic alliances and joint ventures that are designed to enable us to achieve our growth targets. As we celebrate this milestone of 25 years, we are rededicating ourselves to that commitment as part of our contribution to nation building and national development” she said.
A Director of Falcon Corporation, Mrs. Benedickter Molokwu, stated that Falcon has sound governance structure, which is one of the strong pillars on which the success of the organisation was built. “Falcon’s commitment to sound corporate governance in the conduct of business is apparent. The organisation projects a transparent and clear corporate governance structure which meets the highest international standards. There is confidence in the ability of its board of directors and management to carry out their duties within a well-defined corporate governance framework. Falcon has put in place a full Corporate Governance Code (CGC) which is in conformity with local and international codes of best practices with demonstrable impact in the company’s sound strategic business management and performance”
According to Ben Akabueze, the Director-General of the Budget office, who was one of the distinguished guests at the event, “the Falcon 25th anniversary event lived up to its bill of “A Night of Inspiration”.. This organisation has demonstrated itself as a great inspiration for other visionary Nigerian business owners who in one way or the other are contributing to the remarkable growth of the natio m n’s economy”
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