PEARL Awards Nigeria steps down 2020 awards

In response to the prevailing COVID-19 Pandemic which has affected every facet of the national and global economies, the Board of Governors of PEARL Awards Nigeria in conjunction with the Central Working Committee has resolved to step down the 2020 PEARL Awards Nite.

According to a statement by Olalekan Adekoya, Secretary, PEARL Awards Board of Governors, the decision to step down this year’s Awards was necessitated by the horrendous effect of the pandemic both on businesses and humanity, which has negatively impacted private sector organizations and government institutions alike, coupled with the subsisting need for social distancing globally.

In the opinion of the Awards Board of Governors, the capital market as a critical integral part of the national economy is deeply affected by the disaster while its market activities cannot be isolated from the economic activities of the larger society.

The PEARL Awards Nigeria as a responsive organization has deemed it fit at this critical time to strictly adhere to the government directive and align its interest with the current realities in our economy by stepping down this year’s Awards.

It is regrettable to note that the Awards Secretariat in conjunction with the Central Working Committee had earlier commenced intense preparation for this year’s Awards which ought to be the 25th anniversary edition, but the plan was brought to an abrupt end due to the pandemic that ravaged the world.

The PEARL Awards is hopeful that the concerted efforts being made by the governments at national and international levels to find a lasting solution to the pandemic will soon yield the desired results and return on our economy on the path of stability and sustainable growth.

The Board is optimistic that by the grace of God, the PEARL Awards would return next year to recognize and celebrate deserving companies and hold the 2021 Awards Nite, which will mark the 25th edition in a grand style with all the fanfares and glamour for which it has been known for over the past 2 decades.

The PEARL Awards Nigeria uses this medium to appreciate all capital market stakeholders and our partners who had been supportive of the Awards Project for the confidence reposed in us over the years.