Tony O. Elumelu, Founder Tony Elumelu Foundation and Chairman UBA Group and Heirs Holdings charged everyone to join hands to lift Nigeria’s youth from poverty to prosperity. He made this statement while receiving an Honorary Doctor of Business (Hon D.B) degree by one of Nigeria’s foremost universities, Bayero University, Kano.
According to
the Vice Chancellor, Bayero University, Prof. Muhammad Yahuza Bello,
Elumelu’s conferment was in honour of his immense contribution to human
capital development across Africa and especially
in Northern Nigeria. Through the Tony Elumelu Foundation, Africa’s
leading philanthropy empowering entrepreneurship which he founded in
2010, he has empowered 7520 entrepreneurs across Africa; almost 1000 of
the entrepreneurs are from Northern Nigeria. In
addition to the current beneficiaries, United Nations Development
Programme (UNDP) recently partnered with Tony Elumelu Foundation to
empower an additional 1,000 African entrepreneurs from the seven
countries in Africa’s Sahel and Lake Chad regions, including
the Northern Nigerian region. By the end of 2019, total beneficiaries
of the Tony Elumelu Foundation will be 8,520.
In his
acceptance speech, Elumelu emphasized the importance of collaboration
between the public and private sector to create more jobs on the
continent. According to him, “Our young people need jobs that
governments and big corporates alone cannot provide. By promoting
entrepreneurship, creating favourable policies and building
infrastructure to help these entrepreneurs, we enable them to create
jobs, and become employers of labour”.
Elumelu
commended the declaration made by the President of Nigeria, H.E
President Muhammadu Buhari on Nigeria’s Democracy Day to lift 100million
lives out of poverty. He stated that job creation and entrepreneurship
will help to achieve this goal.
Elumelu said:
“There are a variety of ways to lift 100 million citizens from poverty,
but two stand out. We can increase the number of jobs in the economy or
we can create more opportunities for our young
entrepreneurs to transform their ideas into small businesses that
employ labour.”
He added: “By
promoting entrepreneurship, creating favourable policies and building
infrastructure to help these entrepreneurs, we enable them to create
jobs, and become employers of labour”.
Elumelu has
been an active advocate for entrepreneurship as the key to catalysing
the economic development of Africa. He has achieved this through
empowering African entrepreneurs in the Tony Elumelu Foundation’s
flagship Entrepreneurship Programme. In 2010, Elumelu and his family
committed $100million to identify, train, mentor and fund 10,000 African
entrepreneurs in 10 years Half-way through the commitment, he has
empowered 7,520 African entrepreneurs across 54
African countries who have received $5,000 non-refundable seed capital,
access to mentors and an intensive 12-week business training; a
commitment which the President in his address said enviably complements
some of the government-led initiatives aimed at
enhancing the capital base of small businesses.
During the
conferment, the Dean, School of Postgraduate studies, Bayero University,
Professor Umar Pate commended Elumelu’s commitment to lifting young
Africans out of poverty. In his citation he spoke
of Elumelu as “an illustrious son of Africa that has excelled at home
and abroad, an economist that has empowered countless people through job
creation and philanthropy, and a symbol of the African spirit of hope.”
Elumelu ended his speech by speaking on the importance of gender inclusion and a focus on quality healthcare and education to develop the over 60% of Africa’s population – the youth. “For Africa to avert a demographic catastrophe, and achieve sustainable growth, we must support gender inclusion, education, healthcare and entrepreneurship,” he said. “National prosperity can only come from widespread economic empowerment. This empowerment will come from inclusion, education, healthcare, and entrepreneurship.”
Other awardees were Senator Bello Hayatu-Gwarzo, LLD, Dr. Folake Solanke, the first female Senior Advocate of Nigeria, LLD and Prof. Abdulkadir Dangambo. Guests at the ceremony included HRH Sanusi Lamido Sanusi, the Emir of Kano; H.E. General Yakubu Gowon, Former Head of State; Chief Alfred Papapreye Diete-Spiff, Chancellor Bayero University Kano; H.E. Abdullahi Umar Ganduje OFR, Governor of Kano State; and the visiting Vice Chancellors from over 25 Nigerian universities.