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Tony Elumelu Pledges N500m to Delta Sate Focused Entrepreneurship Programme

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Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu, has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of Delta state.

 

He made the commitment after presenting 50 beneficiaries of the TEF Entrepreneurship Programme to Governor Ifeanyi Okowa during a courtesy visit to his native Delta State,

 

“Your Excellency, on behalf of the Heirs Holdings Group, we will work with your office to put in place a new programme to support Delta State youth and I commit N500m to this purpose,” said Elumelu.

 

“Indeed, hearing about your commitment to our youth and the impressive work you have done in the state, I am proud to call you my Governor and it makes me even more proud of my state.”

 

Governor Okowa in his speech, commended Mr. 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 that the Foundation has received:

 

“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.”

 

He continued: “I would also like to use this opportunity to encourage our brothers, sons, daughters and fathers that it would be heartwarming if we can make this kind of positive impact we’re seeing with the Tony Elumelu Foundation. It will help us reduce restiveness, and create employment so that as a country we have young people who are not just seekers of employment but creators of employment.”

 

A highlight of the event was the sharing of success stories between beneficiaries of the Foundation and the beneficiaries of the different wealth and entrepreneur development programmes of the Governor Okowa administration.

 

One prominent Delta State indigene and alumni of the TEF Programme, Zion Oshiobugie, confided that: “I was once someone’s houseboy, thinking of committing suicide when I lost my job. When I started my business, I was always asked for collateral, but Mr. Elumelu only asked for me an idea with transformative potential. Today, I run a school providing quality education for those who most need it. I am living proof that with money and training from the Tony Elumelu Foundation, dreams can come true.”

 

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 in Nigerian entrepreneurs to N4.4 billion since 2015.

 

 

 


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


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