Nigerian billionaire Tony Elumelu commited 18bn to African Entrepreneurs

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Tony O. Elumelu (born 22 March 1963) is a Nigerian economist, banker, investor and philanthropist. Elumelu is Chairman of Heirs Holdings, a pan-African proprietary investment company with interests in strategic sectors of Africa's economy. He is also the founder of the Tony Elumelu Foundation, an Africa-based and African-funded not-for-profit organisation (NPO) that is dedicated to the promotion and celebration of excellence in business leadership and entrepreneurship across Africa.[1] Elumelu holds the Nigerian national honour, the Commander of the Order of Nigeria (CON). New African magazine recently listed him as one of the 100 most
influential people in Africa.

Nigerian billionaire, Tony Elumelu has committed the sum of $100 million (N18,587,982,497.56) for the creation of 10,000 entrepreneurs in Africa over the next 10 years.

This was disclosed by Elumelu during a press conference in to announce the launch of the Tony Elumelu Foundation Entrepreneurship Programme (TEEP) in Lagos on Monday, December 1.
Elumelu said:

"The opportunity and challenge in Africa is scale ? in our people, our resources and our horizons. In my business and philanthropic journeys, I have always sought ways to help inspire a generation across our continent."

"This programme brings together my own entrepreneurial experience and my fundamental belief that entrepreneurs ? women and men across Africa ? will lead Africa's development and transform our futures. It is our opportunity to empower a generation," he added.

This was according to report by Pulse Nigeria.

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