Markets

Elumelu Urges Leaders to Prioritise Africa’s Development

  • Elumelu Urges Leaders to Prioritise Africa’s Development

The founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings, Mr. Tony Elumelu, has challenged African leaders to prioritise the future of the African continent.

Elumelu, who is also the Chairman of the United Bank for Africa Plc, said this at the inaugural Africa Now Conference held in Kampala.

Giving the keynote address, entitled “The Leadership Needed to Catalyse Africa’s Transformation,” to an audience of public and private sector leaders, Elumelu offered a robust and direct message to African leaders from the public and private sectors.

“The leaders we need in Africa today, are leaders who genuinely care about humanity. We need leaders who are driven by an ambition to leave society better than they met it. We need leaders who understand and care about creating a positive legacy. We need leaders who are genuinely committed and care about the future of Africa,” Elumelu said.

Hosted by the President of Uganda, Yoweri Kaguta Museveni, the conference, an initiative of the Africa Strategic Leadership Centre, gathered Heads of State, public and private sector leaders to discuss and develop growth opportunities for the continent.

In his speech, President Museveni outlined key enablers required to empower the African people and transform the continent.

“With independence, although a lot of time was lost with military governments engaged in primitive fascism, nevertheless, many African governments have correctly identified two crucial stimuli that can catalyse social transformation. These are education and health for all (human resource development) and private sector-led growth”.

Commending President Museveni on the achievements of his country, Elumelu also emphasised the need for public-private sector collaboration to drive sustainable development, encapsulated in his economic philosophy, Africapitalism.

“Leadership should not be about directing blame; leadership is not about absolving responsibility. Leadership is the catalyst for positive change. We need to take collective responsibility for our own future – as I have often said, no one is going to do it but ourselves – whether we are in the public or private sectors. This is the philosophy of Africapitalism, which is a call on the private sector to play its role, the leading role in securing our continent’s destiny – and achieving it by creating both social and economic wealth.”

“We have a role to play and we need to play this role by investing and managing, so we can create employment, create prosperity in a manner that will help to address many of the problems we have in the society today,” he added.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

4 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

4 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

4 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

4 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

4 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

4 days ago