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Tony Elumelu Disburses $15.2m to 3050 Entrepreneurs

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  • Tony Elumelu Disburses $15.2m to 3050 Entrepreneurs

Tony Elumelu through his foundation, Tony Elumelu Foundation (TEF), has disbursed $15.25 million to 3,050 candidates selected for the 2019 Tony Elumelu Entrepreneurs.

The Chairman, who unveiled the selected applicants on Friday in Abuja, said selected candidates would get $5,000 each.

According to him, the fund will serve as seed capital to empower the entrepreneurs in their various businesses.

In the last five years, between 2014 and 2018, the foundation has spent around $50 million to empower 4,470 African Entrepreneurs. Taking the total number to 7,520 entrepreneurs in 2019.

Elumelu emphasized the importance of entrepreneurship to African economy and job creation.

“We should contribute our quota to humanity as we do in the foundation”

“We have decided to use this as opportunity to unveil the selection of 3,050 young entrepreneurs so that there will be more prosperity on our continent.

“We urge the President Muhammad Buhari’s led administration to improve access to electricity in the country for the benefit of the entrepreneurs,” he said.

The Director of Partnership, Ifeyinwa Ogochukwu, commended partners of the foundation and urged more countries and corporations to come on board.

She stated that the foundation was able to empower more entrepreneurs this year because of the support of its partners

Ogochukwu said 2,050 of the 3,050 successful candidates were supported by TEF partners, while the foundation will directly empower 1,000 entrepreneurs.

“African Development Bank will be sponsoring 1000 entrepreneurs and would be supporting the foundation with about five million dollars.

“United Nations Development Programme (UNDP) is sponsoring 754 candidates with 1.4 million dollars and International Committee for the Red Cross is sponsoring 180 with 900,000 dollars commitment.

“Benin Republic is supporting 50 additional citizens of their country with 200,000 dollars.

Botswana, 20 candidates with 100,000 dollars and Anambra State Government is sponsoring 15 candidates,” she said.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial market.

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Senate Tells FG to Finance Technology Research

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Senate Advises FG to Invest in Technology Research

The Senate Committee on Science and Technology has advised the Federal Government to invest in research in technology to grow the economy, reduce the high unemployment rate and improve foreign exchange rate.

Senator Uche Ekwunife, the Chairman, Senate Committee on Science and Technology, disclosed during a courtesy visit to Mr. Ifeanyi Ugwuanyi, the governor of Enugu State.

Ekwunife said, “What we need is what we can use to make our youths self-reliant. The technology incubation centre is a good example of that.

It can drive us to independence in terms of the things we consume in Nigeria and also make our youths entrepreneurs who will not seek employment but create jobs.

“The challenges of science and technology is finance. We need the federal government to invest in science and technology. If we do not invest in science and technology, we will remain backward.
“Research cost a lot of money and we are calling on the federal government to invest in science and technology. They must fund research, because it costs money.

Ekwunife, who also spoke to the management staff of Technology Incubation Centres in Enugu, said, “The reason for this visit is to liaise with you to see how we can advance our technology and also see what we can help you do in terms of budget and appropriation.

“Every quality product is as a result of research, and research is fueled by science and technology. It does not come cheap and government has to do more in terms of funding.

Governor Ugwuanyi assured the Senate of his readiness to work hand in hand with the Senate to advance science and technology in the state by supporting the centre.

The Technology Incubation Centre is designed by the federal government to add value through research. We assure you that we will partner with the centre in Enugu. We will use it to create employment and wealth for the youths.

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COVID-19: Controversial Senator Buruji Kashamu Bids the World Goodbye

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 Buruji Kashamu Dies of COVID-19 Complications

Former Senator Buruji Kashamu, who represented Ogun East in the 8th National Assembly, has died on Saturday August 8, 2020.

Kashamu died at the First Cardiology Consultants Hospital in Ikoyi, Lagos.

I have just lost my good friend of forever to ‪#COVID19‬. Until his death, Sen. Buruji Kashamu and I were inseparable. He died today at First Cardiology Consultants, in Lagos. May his gentle soul rest in peace. I pray his family and loved ones the fortitude to bear this heavy loss,” Ben Murray-Bruce, a former senator stated on Twitter.

Kashamu was said to have been on life support machine for weeks after slipping into a coma following COVID-19 complications.

Prior to Kashamu’s death, he was engaged in a long legal battle with the Federal Government to stop his extradition to the United States for drug trafficking charges.

According to a statement signed by Kehinde Akinyemi, spokesman of former President Olusegun Obasanjo, the former president said while the death of the lawmaker was sad, his life and history left “lessons for those of all us on this side of the veil.”

Senator Buruji Kashamu in his lifetime used the maneuver of law and politics to escape from facing justice on alleged criminal offence in Nigeria and outside Nigeria,” Obasanjo said.

“But no legal, political, cultural, social, or even medical maneuver could stop the cold hand of death when the Creator of all of us decides that the time is up.

“May Allah forgive his sin and accept his soul into Aljanah, and may God grant his family and friends fortitude to bear the irreparable loss.

The former senator added to the list of prominent Nigerians, who died at First Cardiology Hospital. The same hospital Abba Kyari, late Chief of Staff to President Muhammadu Buhari, died.

Also, Abiola Ajimobi, former governor of Oyo State and Adebayo Osinowo, a lawmaker representing Lagos East Senatorial District at the National Assembly, died in the same hospital.

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Florence Ajimobi, Wife of Late Abiola Ajimobi, Says ‘I miss my Husband’

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‘I miss my Husband’ Says Florence Ajimobi, Wife of Late Abiola Ajimobi

Florence Ajimobi, the widow of Ex-Governor of Oyo state, late Abiola Ajimobi has expressed how much she missed the presence of her husband.

In an interview granted to a delegation of the Nigerian Union of Journalist, Oyo State Chapter at her residence in Oluyole, Ibadan, Mrs. Ajimobi described her late husband as a hero who impacted on many lives.

She said “My husband lived 70 years. 70 years of fulfillment, achievements and impact on many lives. Forever, I will be proud of him. I called him my hero. He is my hero and will forever be my hero.

“For me, he is never late and we shall live forever. He is a man I love, cherish, and will forever be in my heart.

She also acknowledged that her husband’s death was God’s call which everyone will answer one day.

“I don’t want to behave like an unbeliever because I know nothing happens without God’s input. We are all here one day and we are all going back one day.

“Nobody knows when death is going to come. I believe so much in destiny and I believe my husband’s time was up. He lived a fulfilled life.

“I am crying because I missed him. I missed everything about him. I miss his love, his advice. Having him around me was my strength. He was my greatest supporter.

“He thinks I am a strong woman but this time, I tell you I am not a strong woman. He used to give me all the strength I needed as a woman.

“So when I cried, not because he hasn’t achieved much, but because I missed so much about him,” she added.

Ajimobi explained that what consoles her is knowing that her husband is at peace.

What does it profit a man even if he lived up to 90 years and he can’t make heaven? Abiola Ajimobi made heaven and he is at peace with God. That is my greatest consolation.”

“Whoever is begrudging Abiola Ajimobi, who else do you want to begrudge now? The man is dead. That peace you cannot make again. You cannot rectify it.”

“I know whoever is not happy with him will feel that guilt forever because the opportunity to make up with him is gone.”

“Life is short. Abiola Ajimobi has gone today, who is next? Nobody knows. It could be anybody,” she said.

Mrs. Ajimobi, who was glad to have spent 40 years with her late husband, expressed the family’s readiness to uphold his legacies going forward.

I am proud to share the best 40 years of my life with him. I know the journey ahead of me is a long one but with God on my side, it is achievable.

“I know God will sustain us, our family, and his political family. God will give the family the strength to uphold his legacies and to continue the good work he has done.

“When I listen to all the good things people have to say about him, I am so pleased to have him as a husband. I am proud to be his wife,” she said.

Late Governor Abiola Ajimobi died on Thursday June 25, 2020, at First Cardiology Hospital, Ikoyi, Lagos.

Ajimobi died of multiple organ failure, he was on life support machine after slipping into a coma after contracting coronavirus.

Late Ajimobi was the governor of Oyo State for eight years (2011-2019).

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