Tony Elumelu
Tony Elumelu

Elumelu pledges N500m entrepreneurship programme for Delta state indigenes

As part of his commitments to support Delta state youths, the founder, Tony Elumelu Foundation (TEF) and Chairman of United Bank for Africa (UBA), Tony Elumelu has pledged the sum of N500 million to create an entrepreneurship programme for Delta state indigenes.

The UBA chairman made the pledge during a courtesy visit to Governor of Delta state, Ifeanyi Okowa over the weekend, where he presented about 50 beneficiaries of the TEF Entrepreneurship Programme to the governor.

Impressed about governor’s Okowa unflinching support to the youths and the level of development going on in the state, the TEF Entrepreneurship Programme boss restated his commitment to work and put in place new programmes to support youths, stating that he was proud to be an indigene of Delta state.

Governor Okowa in his speech commended 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 the foundation has received.

Okowa called on capable hands in the state to emulate TEF, stressing that it will help reduce youth restiveness and create employment where the youths will not just be employment seekers but will also create jobs for others.

He said: “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.”

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 to Nigerian entrepreneurs since 2015 amounts to N4.4 billion.

Source: Guardian