The inaugural edition of The Ethnic Business Awards (EBA) was a landmark event that brought together some of the most influential ethnic business personalities, entrepreneurs, and corporate leaders in Nigeria. Held in 2020 at the prestigious Oriental Hotel in Lagos, the event was a grand celebration of diversity, resilience, and economic contributions made by migrants who have chosen Nigeria as their home.

The awards were conceptualized as a platform to recognize and reward individuals and businesses from various ethnic backgrounds who have played a pivotal role in shaping Nigeria’s commercial landscape. At a time when the world was increasingly recognizing the importance of multiculturalism in business, The Ethnic Business Awards set the stage for an annual tradition that honored the spirit of entrepreneurship among migrant communities.

A Night of Excellence and Recognition

The first edition was anchored by two renowned personalities—Romania-born broadcaster and media personality Ifedayo Olarinde, popularly known as Daddy Freeze, and celebrated Ghanaian actress Ella Mensah. Their dynamic synergy as comperes added to the elegance and entertainment of the evening. The event attracted a distinguished audience of business moguls, industry leaders, policymakers, and members of Nigeria’s vast migrant community, who have become an integral part of the country’s economic fabric.
Awardees ranged from corporate executives to small business owners, all of whom had demonstrated outstanding innovation, resilience, and commitment to economic growth. By recognizing these individuals and firms, the EBA reinforced the crucial role that ethnic diversity plays in Nigeria’s ever-evolving economy.

Impact and Unfortunate Stall Due to COVID-19

Despite its overwhelming success and the excitement it generated, subsequent editions of The Ethnic Business Awards were unfortunately put on hold due to the COVID-19 pandemic. The global crisis disrupted business activities, large gatherings, and events worldwide, forcing the organizers to postpone future editions indefinitely.
However, the legacy of the first edition remains a significant milestone in Nigeria’s corporate and entrepreneurial history. It not only shone a spotlight on migrant contributions but also underscored the importance of inclusivity and cultural integration in business.

A Promise for the Future

While the pandemic momentarily stalled the awards, the mission and vision behind The Ethnic Business Awards remain relevant. As the world recovers, there is an opportunity to revive and sustain the project, ensuring that ethnic entrepreneurs and business communities in Nigeria continue to receive the recognition they deserve.

The success of the first edition serves as a strong foundation for what could become one of Nigeria’s most prestigious business awards. With renewed commitment and strategic partnerships, future editions have the potential to not only celebrate economic contributions but also foster stronger ties between Nigerian and migrant business communities, ultimately driving national development.