Red Cross, Tony Elumelu Foundation partner to create economic opportunities in conflict prone regions

Posted by News Express | 13 September 2019 | 488 times

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Tony O. Elumelu, Founder of the Tony Elumelu Foundation, and Peter Maurer, President of the International Committee of the Red Cross (ICRC), have proffered entrepreneurship as the most sustainable solution to accelerating Africa’s transformation. Both men spoke on Thursday during a one-on-one conversation at the just concluded Forum organised by ICRC. The two key speakers called for a new private-sector-led approach to humanitarian development in Africa.

While speaking at the Forum, Peter Maurer commended the Tony Elumelu Foundation’s private-sector-led approach as the gold standard of humanitarian development in Africa focused on impacting lives at scale and transforming the continent.

He said: “On one side, it is important that we assist and protect people when they are disrupted by violence and war. But what brought me together with Tony is not the white shirt and the blue suit, it is his deep conviction that with longer and protracted conflict we need to bring people much earlier into independence.”

He added: “We need, more than ever, in the most fragile, violent parts of society to show the pathway to independence and to a dignified life and this goes with income-generating activities, productive activities, with small businesses. This is why we partnered with the Tony Elumelu Foundation.”

On his part during the discussion themed “Private Sector Partnerships with Humanitarian Organisations: Putting People First”, Elumelu commended Maurer’s leadership and the decision to partner with the Tony Elumelu Foundation to eradicate extremism and violence.

He said: “Through the partnership between TEF and ICRC, a lot is happening that shows the catalytic impact of your vision. Ours was the first ever partnership that ICRC had explored using a different approach to humanitarian development, from the angle of empowering the private sector. Today, the Tony Elumelu Foundation has partnered with AfDB on empowering 1,000 beneficiaries, UNDP which started with 1,000 entrepreneurs and has now been scaled up to empower 100,000 African entrepreneurs starting with the Sahel region. The most important thing is that we give economic hope and opportunity to our people and reduce the cases of fragility that we see across the continent.”

In 2018, ICRC and the Tony Elumelu Foundation partnered to sponsor 200 entrepreneurs from the North East and Niger Delta regions of Nigeria to catalyse and accelerate transformation while scaling impact in conflict-prone areas. The intervention is built on the existing Tony Elumelu Foundation’s USD100 million commitment to empower 10,000 young African entrepreneurs in 10 years across the continent. Driven by the economic philosophy of Africapitalism, it represents a bottom-up approach with the goal of creating millions of jobs and increased revenue on the continent.

The ICRC Forum took place in Lagos and gathered key stakeholders in government and humanitarian development to explore alternative approaches to impacting lives on the continent. Present at the event were Princess Aderemi Adebowale, representing Governor of Lagos State, Mr. Babajide Sanwo-Olu; Babtunde Paul Runwase, President, Lagos Chamber of Commerce and Industry; Juan Luis Coderque Galligo, Head, New Financing Models, ICRC; and Mrs. Ifeyinwa Ugochukwu, CEO, Tony Elumelu Foundation; amongst others.

Tony O. Elumelu, Founder of the Tony Elumelu Foundation, and ICRC President Peter Maurer at the Forum


Source: News Express

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