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Elumelu: “We give to empower and break the cycle of dependency. Entrepreneurship is the only path to independence and sustainability.”

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President Koroma of Sierra Leone, President Obasanjo of Nigeria, Governor Ikpeazu, Minister Lai Mohammed, Mrs Folorunsho Alakija, Join 1,000 African Entrepreneurs At 2016 Tony Elumelu Foundation Entrepreneurship Forum.

•         Foundation Announces Partnerships with African Development Bank, ECOWAS, Coca-Cola, Nigerian Ministry of Information.

 

 

At the largest annual gathering of African entrepreneurs, held in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum.

 

 

 

The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants. It is the annual highlight of the Tony Elumelu Entrepreneurship Programme and saw the presence of leading policy makers and business leaders from across Africa, giving their support to the Foundation and its promise to identify, train, mentor and seed 1,000 entrepreneurs in a decade-long $100 million commitment. Following the Forum, each entrepreneur is eligible to receive up to $10,000 to implement their business plan.

EEF 2016

(L-R): Former Prime Minister of Benin Republic Lionel Zinsou; President Olusegun Obasanjo, Former President of Nigeria; His Excellency Ernest Bai Koroma, President of Sierra Leone; Mr. Tony Elumelu CON, Founder of Tony Elumelu Foundation; Mrs. Awele Elumelu, CEO Avon Medical; Mrs. Folorunsho Alakija, Vice Chair of Famfa Oil; and Alhaji Lai Mohammed, Honourable Minister of Information, Tourism and Culture.

 

 

Applauding Tony Elumelu’s promise to not only empower entrepreneurs, but also to tackle the fundamental economic challenges confronting the African continent, His Excellency Ernest Bai Koroma, President of Sierra Leone called on others to emulate Elumelu. “Even when we had Ebola in Sierra Leone, Tony was there. His is an example which other successful Africans must follow.”

 

 

 

Focusing on the uniqueness of TEF’s approach to entrepreneurship development, President Koroma hailed the programme as “a genuinely innovative approach to philanthropy in Africa – an African offering African solutions.”

 

 

 

“What is unique about this programme is that it not only provides a platform for entrepreneurs to build connections, but they are also being taught how to build their businesses in a sustainable way. Other philanthropists will be inspired to support and promote this philosophy” the President concluded.

 

 

 

In his keynote speech, Mr. Elumelu stated “I salute those here, our ambition is that you become ambassadors for entrepreneurship in Africa – you are a generation of wealth creators, who share our commitment to the economic and social transformation of Africa. Let me tell you about Momarr Mass Taal, the CEO of Tropingo Foods, who has turned his first $5,000 seed capital received from the Foundation last year, into a $1.2 million revenue business. We all want many more of these! However, as excited as I am about the 2,000 entrepreneurs that we have selected, this gathering is in some ways bittersweet, as I reflect on the 63,000 ideas received in the Programme’s short two years of existence we were unable to select – our commitment is to all entrepreneurs in Africa.”

 

 

 

Mr Elumelu challenged all stakeholders from the public and private sectors, civil society, multilateral organizations and all individuals invested in Africa’s economic development to join hands with the Foundation to support the wider African entrepreneurial community.  “We need to support our entrepreneurs because extreme poverty and economic opportunity rarely coexist in the same place.”

 

 

 

He also announced partnerships with regional institutions the African Development Bank, ECOWAS, and others including Coca Cola, the International Trade Centre, Nigerian Ministry of Information, Culture and Tourism and Côte d’Ivoire Ministry of Entrepreneurship.

 

 

 

The two-day forum buzzed with energy as entrepreneurs shared and gained knowledge, built cross-border partnerships, and connected with investors and policymakers, fulfilling the goal of fostering innovation and collaboration between entrepreneurs from across Africa.

 

 

 

On Day One, attendees benefited from masterclasses on traditional and alternative means of financing, sales and marketing, as well as sector specific workshops and an in-depth session on Africapitalism –  Elumelu’s economic philosophy that identifies the leading role of Africa’s private sector, including its entrepreneurs, in Africa’s transformation.

 

In her opening remarks, Mrs. Awele Elumelu, CEO Avon Medical, Trustee of the Foundation and wife of Founder, Mr. Elumelu, welcomed the entrepreneurs to Lagos and commended their drive and effort in finding solutions to some of the continent’s most pervasive challenges. The CEO of the Foundation, Ms. Parminder Vir, invited entrepreneurs in the audience to continue to build the future and to challenge the flawed perceptions of Africa.

 

 

 

Day Two featured a high-level panel dedicated to identifying policies to strengthen the enabling environment for entrepreneurs, moderated by BBC anchor, Lerato Mbele, with panellists including His Excellency Ernest Bai Koroma, President of Sierra Leone, President Olusegun Obasanjo, Former President of Nigeria, Former Prime Minister of Benin RepublicLionel Zinsou, Alhaji Lai Mohammed, Honourable Minister of Information, Tourism and Culture and Mrs. Folorunsho Alakija, Vice Chair of Famfa Oil.

 

 

 

Opening the High-Level Panel, Mrs. Alakija congratulated the entrepreneurs, praised TEF’s focus on entrepreneurship and shared her own personal story of perseverance to demonstrate the entrepreneurs need for resilience and doggedness. Former President Olusegun Obasanjo hailed Elumelu’s perseverance and focus on giving back. “By every means, God has made His face shine upon you. You are not the only one, but unlike you, some others do not have the idea of empowering the next generation of Africans in the manner and scale that you are doing.” He further emphasized patience to the young entrepreneurs. In his words, “For strength in life you need a bit of adversity.” He also called on the Nigerian government to implement policies that encourage investors and entrepreneurs to do business in Nigeria. Former Prime Minister of Benin, Lionel Zinsou, commended the Tony Elumelu Foundation, stating “What Tony Elumelu is doing is the exception, not the norm.”

 

 

Other speakers at the event included Clare Akamanzi, Representative of President Kagame of Rwanda,  Kennedy Uzoka, Group CEO of the United Bank for Africa Plc (UBA), Minster of Solid Minerals, Hon. Kayode Fayemi, Segun Awolowo, CEO of the Nigerian Export Promotion Council, Clem Ugorji, Public Affairs & Communications Director, Coca-Cola West Africa, Emeke Iweriebor, Regional CEO of UBA Africa (Francophone), Matthew Pearson, Head of Africa Equity Sales at ICBC Standard Bank, Sam Nwanze, Chief Investment Officer at Heirs Holdings.

Details of the 2016 Elumelu Entrepreneurs can be found at http://tonyelumelufoundation.org/teep/ and TEF’s documentary “Tony Elumelu Entrepreneurs: Transforming Africa” at http://bit.ly/TEEPdocumentary.

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Build a fabulous, all-year round wardrobe without breaking the bank – By Kunle Bakare (KB)

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Let’s begin with Brioni today. And learn from the hugely successful Italian brand established in 1945 by two friends. The fashion house coveted by style cognoscenti has one of the most apt slogans we know: ‘to be one of a kind’.

 

‘To be one of a kind,’ unique and uncommon are the attributes of all human beings (when we deploy the traits that differentiate us, like our fingerprints prove).

 

And for style, those who constantly upgrade and elevate their duds and accessories acknowledge the importance of creating an exceptional, distinctive (but not flamboyant and loud) dress sense.

 

They fill their wardrobes with extraordinary winners that give them immeasurable pleasure. Their garments and all the pieces that elevate them heavenwards are objects of desire that amplify the best version of themselves.

 

So, to build a wardrobe that fits your personae, presents your best version, credits your account with regular dividends and high returns on investment is a meticulous and painstaking process. Forever appearing well-put-together—at work and at play, at home or out and about—demands a lot of smart thinking and action. Like the elongated shadow behind the luxury label Sofisticat, Mr Lanre Ogunlesi—whose role as a forerunner who cleared, toiled and paved the path legions are proud to prance on—constantly proclaims, ‘dressing well requires a lot of preparations.’

 

And here are some of the ways you can build a remarkable wardrobe without spending a fortune:

 

1. First, acknowledge and note the activities that are important to you.

a. How and where do you spend your week?

b. What’s the dress code at work?

c. How do your most successful partners, associates and colleagues dress?

d. How do you spend your evenings and weekends?

e. Which other activities dominate your calendar?

 

2. Priotise these activities.

Which engagements are crucial, that are important and improve your earnings (in the long run), dispense the greatest pleasure, boost your well-being and promote your mental health?

 

3. Analyse the one that takes up the most time.

Which engagement takes up the highest percentage of your time?

 

4. Now list the apparels that should populate the most engaging activities that improve your earnings and multiply your pleasure.

 

To build a special wardrobe demands enormous time, energy and resources. And the passion and will that surpass distraction and disappointment.

 

What you do—your profession and how you dress to earn your living—is paramount when you are building a wondrous wardrobe. The uniform of your occupation, the dress code permitted for your livelihood takes the prime spot. Since this engagement dominates your week (from five to six days), your wardrobe should be mostly filled with work clothes that should last for two weeks, at least—far more if your means permits—without repetition. If you master how to mix and match and coordinate, it’s possible to stretch the same items for many more days.

 

Also consider engagements that litter your evenings and weekends. The events you attend and places you worship, socialize and unwind. For these activities, start with a dozen ensembles, which you build gradually, and then expand later.

For these solemn moments, lively soirées and exciting shindigs you will require top notch attires that best represent who you are. More so, your worship ensembles—whatever faith you profess or conviction you cherish—should be the best you can afford in formal mode tilting to high elegance in consonance with what your leaders recommend.

 

For very special occasions, it might be best to make (get) new attires.

 

Before you begin assembling these togs, you should also:

 

*Decide where you want to perch on the style ladder: of course, towards the top of the Richter scale of elegance!

 

*Decide the style that warms your bosom, agrees with your persona and fits your pocket: from minimalist to the exuberantly joyful (without the gaudy factor)!

 

*Carefully pick tailors, designers and outlets that serve your style best. Take time to research and locate them in your town or farther afield.

 

Once you are clear about where you are going, do an audit of your current wardrobe and retain only items that fit your plans and aspirations. Discard everything else!

 

Choose clothes and accessories that work together (as interchangeable separates), complimentary colours and styles—and acquire heartwarming and exciting pieces for the wardrobe that will serve you for years.

 

Your wardrobe—to serve your objectives and take you far—should represent the slow fashion ethos. Classic, durable, ethically produced and sustainable fabrics in modes devoid of trends and what’s in vogue. And Brunello Cucinelli—the 70 year-old flag bearer of quiet luxury whose restoration efforts in Solomeo (Italy) is a ‘tribute to human dignity’—readily comes to mind.

 

Note: it takes time to build anything worthwhile (even if money was no object). Test what works unhurriedly, step by step and settle for what fits your future self. Upgrade as your knowledge increases and your pocket swells.

 

What’s more, you should take good care of your apparels. They will serve you better and longer. For example, don’t iron wool and delicate fabrics directly. Buy the most functional steam iron you can afford. You should also own a garment steamer. Don’t wear shoes two days in a row. Rotate! Stock shoe care products and use them.

 

Get a good, dependable and experienced dry cleaner and laundryman. Your clothes will thank you and serve you for years.

 

And don’t forget: dry clean your garments occasionally. The chemicals used in dry cleaning damage clothes. Instead, rotate, air, iron, steam, buff and polish your clothes and shoes— and keep them in breathable bags in cool spots.

 

You may also consider stylists or wardrobe consultants (they will save you time, energy and money eventually).

 

-Kunle Bakare for Omoluwabi by KB (19.04.2024)

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Boosting Health Access: Lasaco Assurance Supports NYSC Corps Members’ Health Mission”

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Insurance underwriter, Lasaco Assurance Plc, has donated health recovery items to support the Health Initiative Programme of the National Youth Service Corps members serving in the Ifako Ijaiye Local Government area of Lagos State.

A statement from the firm said that the donation was to boost health development in the country.

 

Some Corps members, under the aegis of Local Government Initiative, for their first quarter Health Initiative, embarked on a project to provide health services to rural dwellers, whose access to quality health services was limited due to poverty, ignorance and superstition.

 

Lasaco Assurance supported the corps members to reach the target audience and help them overcome their difficulties in accessing quality health.

10 corps members head to India for youth exchange programme

Group trains youths to solve environmental challenges

NYSC confirms release of abducted corpers

The company’s Head of Corporate Communications, Seye Smart, who represented the Head of Strategy, Research and Communications, Dayo Adetokun, at the presentation of the gift items to the corps members, emphasised the importance of exposing the citizens to quality health and safety as that would improve their capacity, make them function well and prolong their life expectancy.

 

A healthy citizen, she explained, would contribute meaningfully to the growth of society and be useful for the development of humanity.

Leader of the LGI team, Bose Ojimi, said the programme was the group’s modest contribution to the country’s quest for improved health and safety for Nigerians and hoped that other corporate organisations would follow in the footsteps of Lasaco Assurance to offer necessary assistance to the people.

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Yahaya Bello absent as court adjourns, EFCC mulls military’s help to fish him out 

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Justice Emeka Nwite of the Federal High Court Abuja has adjourned the suit instituted by the Economic and Financial Crimes Commission (EFCC), against the immediate past Governor of Kogi State, Yahaya Bello, to April 23rd.

 

The adjournment is for substituted service and possible arraignment of Bello for alleged N84bn money laundering. At the resumed sitting, Counsel for the EFCC, Kemi Phinro, told the court that the immediate past governor of Kogi State was absent from court for his arraignment because he was being protected by someone with immunity.

 

Phinro said the former governor was whisked out of his Abuja residence by the same person with immunity. Phinro said the anti-graft agency might seek the help of the military to fish him out to come face his arraignment. Responding to this submission, Yahaya Bello through his counsel, Abdulwahab Muhammad, told the court that there is an order of the court restraining the EFCC from arresting or arraigning him.

 

Muhammad said a Kogi State High Court had on February 9, 2024 restrained the EFCC from arresting or arraigning the former governor. He added that the EFCC has appealed the ruling and the Court of Appeal was yet to decide on the matter. He pointed out that the action of the EFCC was unconstitutional and the court lacked jurisdiction to entertain any charge from

the EFCC.

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