…..PLEDGE BRINGS ELUMELU’S INVESTMENT TO DATE IN NIGERIAN ENTREPRENEURS TO N4.4 BILLION….
On the 5 July 2018, during
a courtesy visit to the Governor of his native Delta State, Tony
Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa
(UBA),
Tony O. Elumelu, CON pledged N500 million to create an entrepreneurship programme exclusive to indigenes of the state.
He made the commitment after presenting 50 beneficiaries of the TEF
Entrepreneurship Programme to
Governor Ifeanyi Okowa.
a courtesy visit to the Governor of his native Delta State, Tony
Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa
(UBA),
Tony O. Elumelu, CON pledged N500 million to create an entrepreneurship programme exclusive to indigenes of the state.
He made the commitment after presenting 50 beneficiaries of the TEF
Entrepreneurship Programme to
Governor Ifeanyi Okowa.
“Your
Excellency, on behalf of the Heirs Holdings Group, we will work with
your office to put in place a new programme to support Delta State youth
and I commit
N500m to this purpose,” said Elumelu. “Indeed, hearing about your
commitment to our youth and the impressive work you have done in the
state, I am proud to call you my Governor and it makes me even more
proud of my state.”
Excellency, on behalf of the Heirs Holdings Group, we will work with
your office to put in place a new programme to support Delta State youth
and I commit
N500m to this purpose,” said Elumelu. “Indeed, hearing about your
commitment to our youth and the impressive work you have done in the
state, I am proud to call you my Governor and it makes me even more
proud of my state.”
Governor Okowa in his speech, commended Mr. Elumelu for the work of his foundation,
highlighting that TEF’s recent collaboration with French President Emmanuel Macron
demonstrates the level of global recognition and stature that the Foundation has received:
highlighting that TEF’s recent collaboration with French President Emmanuel Macron
demonstrates the level of global recognition and stature that the Foundation has received:
“You
didn’t restrict the impact of your Foundation to Delta, or even to
Nigeria, you have
empowered 4000 across Africa. What you are doing my brother is giving
hope to others, who in turn will help to change the narrative of our
country and continent and influence the people around them. You are
changing the narrative of giving – not just handouts,
but giving skills and mentoring. In the next ten years, the impact of
the Tony Elumelu Foundation will be truly transformational – the
multiplier effect will be huge. The whole country should support and
think positively in this same direction.”
didn’t restrict the impact of your Foundation to Delta, or even to
Nigeria, you have
empowered 4000 across Africa. What you are doing my brother is giving
hope to others, who in turn will help to change the narrative of our
country and continent and influence the people around them. You are
changing the narrative of giving – not just handouts,
but giving skills and mentoring. In the next ten years, the impact of
the Tony Elumelu Foundation will be truly transformational – the
multiplier effect will be huge. The whole country should support and
think positively in this same direction.”
He continued:
“I
would also like to use this opportunity to encourage our brothers,
sons, daughters and fathers that it would be heartwarming if we can
make this kind of positive impact we’re seeing with the Tony Elumelu
Foundation. It will help us reduce restiveness, and create employment so
that as a country we have young people who are not just seekers of
employment but creators of employment.”
“I
would also like to use this opportunity to encourage our brothers,
sons, daughters and fathers that it would be heartwarming if we can
make this kind of positive impact we’re seeing with the Tony Elumelu
Foundation. It will help us reduce restiveness, and create employment so
that as a country we have young people who are not just seekers of
employment but creators of employment.”
A
highlight
of the event was the sharing of success stories between beneficiaries
of the Foundation and the beneficiaries of the different
wealth and entrepreneur development programmes of the Governor Okowa
administration. One prominent Delta State indigene and alumni of the TEF
Programme, Zion Oshiobugie, confided that:
highlight
of the event was the sharing of success stories between beneficiaries
of the Foundation and the beneficiaries of the different
wealth and entrepreneur development programmes of the Governor Okowa
administration. One prominent Delta State indigene and alumni of the TEF
Programme, Zion Oshiobugie, confided that:
“I
was once someone’s houseboy, thinking of committing suicide when I lost
my job. When I
started my business, I was always asked for collateral, but Mr. Elumelu
only asked for me an idea with transformative potential. Today, I run a
school providing quality education for those who most need it. I am
living proof that with money and training from
the Tony Elumelu Foundation, dreams can come true.”
was once someone’s houseboy, thinking of committing suicide when I lost
my job. When I
started my business, I was always asked for collateral, but Mr. Elumelu
only asked for me an idea with transformative potential. Today, I run a
school providing quality education for those who most need it. I am
living proof that with money and training from
the Tony Elumelu Foundation, dreams can come true.”
The TEF Entrepreneurship Programme is Tony Elumelu’s $100 million commitment
to identify, train, mentor and fund 10,000 entrepreneurs from across Africa in 10 years.
In its 4th year now, the Programme has empowered 50 entrepreneurs from
Delta, 251 from the Niger Delta region and 1,862 Nigerians in all.
Combined with this new Delta-focused N500 million commitment,
Elumelu’s total investment in Nigerian entrepreneurs to N4.4 billion
since 2015.
to identify, train, mentor and fund 10,000 entrepreneurs from across Africa in 10 years.
In its 4th year now, the Programme has empowered 50 entrepreneurs from
Delta, 251 from the Niger Delta region and 1,862 Nigerians in all.
Combined with this new Delta-focused N500 million commitment,
Elumelu’s total investment in Nigerian entrepreneurs to N4.4 billion
since 2015.
About The Tony Elumelu Foundation
Established
in 2010, The Tony Elumelu Foundation (TEF) is the leading philanthropy
in Africa championing entrepreneurship and entrepreneurs across the
continent.
The Foundation’s long-term investment in empowering African
entrepreneurs is emblematic of Tony Elumelu’s philosophy of
Africapitalism, which positions Africa’s private sector, and most
importantly entrepreneurs, as the catalyst for the social and economic
development of the continent. The Foundation’s flagship initiative, the
TEF Entrepreneurship Programme, is a 10-year, $100 million commitment
to identify, train mentor and fund 10,000 entrepreneurs, capable of
changing the face of business across Africa.
http://www.
@tonyelumeluFDN
in 2010, The Tony Elumelu Foundation (TEF) is the leading philanthropy
in Africa championing entrepreneurship and entrepreneurs across the
continent.
The Foundation’s long-term investment in empowering African
entrepreneurs is emblematic of Tony Elumelu’s philosophy of
Africapitalism, which positions Africa’s private sector, and most
importantly entrepreneurs, as the catalyst for the social and economic
development of the continent. The Foundation’s flagship initiative, the
TEF Entrepreneurship Programme, is a 10-year, $100 million commitment
to identify, train mentor and fund 10,000 entrepreneurs, capable of
changing the face of business across Africa.
http://www.
@tonyelumeluFDN
