Fidelity bank banner UBA banner
Elumelu tasks nation’s policy makers on poverty reduction, identifies solution to poverty in NIPSS lecture

By News Express on 25/08/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,679


Tony O. Elumelu, Chairman of Heirs Holdings and UBA Plc, has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country.

Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of The Private Sector In Fighting Poverty in Nigeria”, at the nation’s think-tank, the National Institute of Policy and Strategic Studies (NIPSS) in Kuru, Plateau State.
There, he addressed a distinguished guest list of 67 participants from top government constituencies including the police, the military, national planning, works, and the presidency, debating ways to move the country forward in light of the present economic challenges.
Tony Elumelu task nation policy makers on poverty
In his lecture, the chairman of Heirs Holdings and founder of the Tony Elumelu Foundation acknowledged the efforts of the Institute in constituting the gathering of think tanks, hailing it as a timely event in paving the way for engineering the country’s socio-economic development. He expressed optimism that with the right policy reforms, Nigeria could be well on its way to rising above its present challenges.
 Tony Elumelu reiterated his long-term conviction on entrepreneurship as a solution to arresting the economic challenges facing the country. He stated that past governments had not been successful in eradicating poverty in Nigeria in spite of the various entrepreneurship schemes that have been introduced over the past 30 years.
“Governments alone do not have the capacity to provide the basic daily needs or employment for the millions of young Nigerians entering the job market every year.
UBA PLC and heirs holding
Therefore, the private sector must be an integral part of our national poverty eradication and development strategy,” the consummate entrepreneur stated. “If our entrepreneurs succeed, Nigeria succeeds,” Elumelu stressed.
An advocate of Africapitalism, Elumelu expressed that entrepreneurship and not philanthropy, is key to achieving poverty reduction and empowering Nigerians as we strive to solve our challenges without dependence on aid from outside the country.
“No one but us will save ourselves,” he said. “The development of Africa is up to Africans. Donors and partners can help, but the work of developing our nations is ours. Nigeria’s poverty and development challenges are great. But they do not exceed the capacity of our people to solve them. We welcome every initiative that helps in reducing poverty. More effort is required,” he added.
Expounding on the benefits of Africapitalism, he cited the achievements of the Tony Elumelu Foundation Entrepreneurship Programme as a case study of how Africans, and by extension Nigerians, can solve their own problems via entrepreneurship. The goal of the yearly programme is to invest $100 million over the next 10 years to identify, train, mentor and seed 10,000 African businesses with a view of creating 1 million new jobs and $10 billion in additional revenue for the continent by democratising and institutionalising the ‘luck. The second set of 1,000 entrepreneurs was announced a few months ago and boasted of representation from all thirty-six states of Nigeria and other African countries.
“The programme and the forum will serve to empower, inspire and, most importantly, teach these young African Men and Women how to become fishermen. I am proud to tell you that in the Class of 2015, Nigerian entrepreneurs numbered 480, and all 36 states were represented. This year, Nigerians make up 601 (or 60%) of the top 1,000, bringing the total number of Nigerian entrepreneurs in our programme to 1,081,” he said as he tasked the participants to act in their various capacities to reduce poverty in Nigeria.

The Acting Director General of the Institute, Mr. Jonathan Mela Juma, in full support of this in his vote of thanks, urged the participants in their respective workplaces to commit to creating a conducive environment for entrepreneurs to thrive.
He said: “All 67 participants and those of us who are also in other areas of responsibility will go out and ensure that between now and the end of the year, we promote just one policy that will drive change. I think this will go a long way in addressing the issue of poverty in this country.”
Juma concluded by urging Elumelu to encourage and advise other wealthy entrepreneurs to emulate and support the good work he is doing in Nigeria and across the African continent.
•Photo shows Founder, The Tony Elumelu Foundation and Chairman of Heirs Holdings, Mr. Tony Elumelu delivering a paper titled: Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of the Private Sector in Fighting Poverty in Nigeria at the National Institute for Policy and Strategic Studies, Kuru, Plateau State, on Tuesday.

Source News Express

Posted 25/08/2016 8:04:31 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Stop playing politics with military equipment, Dickson warns...

Fire razes buildings, cars, Keke, others in Aba...

Boko Haram unleashes 44 children suicide bombers on...

2015: APC adopts Buhari as presidential candidate? •Shops...

MICHAELS THE GREAT!

DISCO to Nigerians: Expect more blackouts, crazy bills...

Strike: Saraki, JOHESU to meet Monday afternoon

Aka Ikenga accuses Amnesty Int’l of disinformation, blackmail...

Abia set to wage war against illegal revenue...

Bayelsa SENATOR SCORES ZERO VOTE in return bid...

Buhari’s administration uncoordinated and rudderless — Jonathan

Insulted by ungodliness? Then be ready to make...

 

Latest News Presidency: Why it must be Atiku, By Daniel C Nwokwu Buhari makes new appointments, confirms others Governors can pay N30,000 minimum wage: Oshiomhole Imo Gov Race: Okorocha raises alarm over alleged fake court order Nigeria collapsing under Buhari — CLO Court of Appeal reduces jail terms of ex-governors Dariye, Nyame Army builds detention centre for Boko Haram fighters Buhari: I am on track to achieving my plans for Nigeria Nigeria, Uganda friendly tickets now on sale •Stephen Keshi International Stadium Asaba is venue Let’s not plunge Rivers into violence — Abe ‘Stop advertising your ignorance’ — Atiku/Obi Advocacy Group chides Buhari Media Organisation Delta APC factional chairs disagree over reconciliation committee

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (420,956 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (389,956 views) Shameless Genevieve Nnaji exposes breasts in public (322,826 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,531 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,065 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,465 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,004 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,464 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (175,833 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,544 views) Lagos plane crash: Journalist releases victims’ names (165,024 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (151,947 views)

 

Zenith Zero Balance First Bank banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (73) Business & Economy (3,794) Business Verdict (54) Columnists (963) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (566) Features (669) Global Business Monitor (309) International (2,684) Interview (166) Live Commentary (28) Love Matters (146) Maggie's Blog (35) News (40,588) Opinion (1,141) Pidgin (13) Politics (7,744) Religion (900) Sports (1,774) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera