Hope Rises For 1,000 Sahel Regional Youths .............As Tony Elumelu Makes Huge Promise
* Why his foundation is empowering 1,000 Sahel Nation Youths
" Not what we give but what we share ..For the gift without the giver is bare" - Sir James Russell Lowel
History was made in Kano over the weekend when Elumelu foundation pledge to empower 1000 entrepreneurs in northern Nigeria
The renowned banker and founder of Tony Elumelu Foundation, Dr . Tony Elumelu has promised to train and empower the young entrepreneurs in Northern Nigeria and the 7 Sahel Regions to reduce the challenges of unemployment in the country.
The Pan-African philanthropist made the commitment while receiving a Doctor of Business Administration, Honoris Causa, at the 35th Convocation ceremony of the Bayero University Kano
He said the skill acquisition component of the empowerment programme will last for three months after which the successful ones will be given startup capitals.
“The new empowerment opportunity strictly reserved for young business-minded northerners will run for 12 weeks after which successful beneficiaries will receive $5,000 each to build their business empire.”
The initiative is to produce direct job opportunity and Business Empire among young talented youths in the North,” stressed Elemelu.
Elumelu said that Nigeria has no business with poverty, if only concerned authorities deployed the needful policy strategy to explore deposited talents that abound in the country.
He therefore urged the Federal Government to create an enabling environment that will rapidly grow the economy, especially the need to abolish multiple taxation for small and micro businesses, and ease process of business registration, so as to further grow economic viability in the country.
He canvassed for government and other stakeholders to improve electricity supply, transportation, education and health to make life easy for people and business environment in the country
ABOUT ELUMELU'S FOUNDATION LONG TERM GOAL
In the words of a top executive of the organization "Our 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"In 2015, TEF consolidated its various programmes and initiatives and made investing in Africa’s next generation of entrepreneurs and business leaders a priority. The future of the Tony Elumelu Foundation centers on the provision of structured, robust, and multifaceted support to entrepreneurs around Africa through the Tony Elumelu Foundation Entrepreneurship Programme.
The vision for the Foundation is to unlock the obstacles that Africa’s entrepreneurs face as they grow their start-ups into small to medium enterprises (SMEs), their SMEs into national growth companies, and their national growth companies into African multinationals.
"We will continue to support our growing numbers of programme alumni, whose inspirational success stories serve as encouragement to upcoming entrepreneurs and demonstrate the effectiveness of our interventions. As we deepen our reach in Africa, we will continue to enrich these alumni networks, facilitating meaningful conversations and mentor relationships to further assist tomorrow’s business leaders and build an impactful pan-African entrepreneurial ecosystem".
. * The Cerutti Group pays glowing tribute to Dr Elumelu for the magnificent philanthropic gesture and we wish him and his foundation all the best in all their future endeavors
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