- Elumelu Seeks Practical Solutions on Empowerment
Tony Elumelu Foundation, has said it is cogent to implement practical solutions that will help to empower people in Africa.
In a statement, the founder, Mr Tony Elumelu, spoke when the foundation hosted the European Commission and leading Development Finance Institutions during a programme, with the theme, ‘A convening on Africa’s economic transformation: A case study of the Tony Elumelu Foundation’, in Belgium.
He said, “We very much believe in collaboration, mutual respect and a shared commitment to transform Africa. Africa is ready but we need to do this through the right sustainable manner, that enables our people to become self-reliant, and independent, instead of perpetuating dependency.
“We need to implement practical solutions on ground through entrepreneurship, which empower people economically and addresses issues of extremism, migration, and insecurity.”
The Tony Elumelu’s $100m investment in entrepreneurial philanthropy, it added, was a vital capital that was targeted efficiently and effectively, at African businesses, to create significant economic and developmental impact.