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ELUMELU SHARES AFRICAPITALISM PHILOSOPHY IN NORTH AFRICA

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CALLS ON AFRICAN LEADERS TO CREATE YOUTH BUSINESS CHAMPIONS, NOT MARTYRS

 

Last week, fifteen delegations representing the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria took part in the Tunisian government’s International Investment Conference dubbed “Tunisia 2020.”

 

In the last 5 years the Tunisian economy has struggled following a democratic uprising which ushered in weak growth and economic uncertainty. The conference sought to attract direct investment by assembling global financial leaders and institutions.

 

During the event, United Bank for Africa (UBA) Chairman and billionaire philanthropist Tony O. Elumelu, CON called for a shared approach to African development, calling it, “the only route to achieving sustainable economic development, political stability and economic prosperity on the African continent.”

 

He encouraged youth engagement and pointed to entrepreneurship as the most secure route to sustainable development, saying, “it is imperative for African Leaders to implement growth policies that would see the youths as catalyst to development, thus avoiding the socio-economic crisis as experienced in Tunisia and other countries in Africa in past years.”

 

Mr. Elumelu promised to support Tunisia’s economic transformation by investing in young aspiring entrepreneurs through his Tony Elumelu Foundation — the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent as the catalyst for sustainable growth in Africa. He pledged to help catapult Tunisian entrepreneurs into the next generation of top African business leaders, through the $100 Tony Elumelu Foundation Entrepreneurship Programme.

 

Other conference attendees included:

 

Prime Minister of Tunisia, Youssef Chahed

Prime Minister of Algeria, Abdelmalek Sellal

President and Vice-President of European Investment Bank, Werner Hoyer and Andrew McDowell

Chairman of the Arab Fund For Economic and Social Development, Abdul Latif Yousif al-Hamd

 

In his opening speech, President of Tunisia, Mr. Beji Caid Essebsi said that the two-day conference, which was attended by more than 2,000 delegates, was designed to generate up to $30 billion for 145 projects over the next four years. All toward a vision of ensuring the North African nation can stem flow of foreign direct investment out of the country’s ailing economy.

 

On his part, Mr. Elumelu insisted that to stimulate economic growth in Tunisia and Africa as a whole, his economic philosophy of Africapitalism provides a blueprint, saying that African unity should be about shared challenges and experiences, shared ideas and goals, and bonds of blood and trade.

 

“I believe that shared prosperity can only be achieved when the government and private sector work in shared purpose to advance the economic and social development of nations and the continent.” he said.

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My son’s death a test from God – Heartbroken Gov. Sule

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Heartbroken Governor Abdullahi Sule of Nasarawa State on Friday said the death of his son, Hassan, is a test from God.

Hassan, 36, died on Thursday after a brief illness.

He spoke while receiving condolences at the palace of his father, the Sarkin Gudi, Alhaji Sule Bawa, in Akwanga LGA.

Sule said he was the one consoling somebody who lost his nine children and 70 cows the previous day and that today God decided to test him, to see whether he was sincere in consoling that bereaved father.

“This is my time to be tested. I see this as a test from God. I was the person consoling somebody that lost his 9 children and 70 cows yesterday, and today God decided to test me, to see whether I was sincere in consoling that bereaved father,” he said in a report by The Punch.

According to him, his son grew up carrying all his siblings along, saying that it was only God that has the power to take him away.

Sule added that his son was the one taking decisions on their businesses, saying that he was always on hand to advice him on what next to do, as his schedule would not allow him to run any business.

The governor insisted that God took him away to test hi resilience and faith.

“God didn’t seek my advice when he gave Hassan to me and he will not seek my advice when he takes him away,” he said.

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Senate summons Kyari, CEO NNPCL over N48 billion pipeline surveillance contract awarded to Tompolo

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The Senate Committee on Ethics, Privileges and Public Petitions has summoned the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, over a N48 billion pipeline surveillance contract awarded to stakeholders in the Niger Delta region.
The pipeline surveillance contract was awarded by the Federal Government to Global West Vessel Specialist Limited, a private maritime security firm founded by Government Ekpemupolo, an erstwhile Commander of the Movement for the Emancipation of the Niger Delta (MEND) also known as Tompolo.

The Tompolo-owned firm was expected to protect all the oil pipelines criss-crossing nearly all the states in the Niger Delta in collaboration with other major stakeholders in the oil bearing communities in the region.
Specifically, Tompolo is expected to carry out the N4 billion per month contract that covers Delta, Ondo, Imo, Rivers and some parts of Bayelsa State in collaboration with major tribes along the communities that host the oil pipelines.

However the Isoko Ethnic Nationality has petitioned the Senate alleging that their young men were not being carried along in the multi-billion naira project.

The Isoko people under the auspices of Interested Isoko Youth Groups, through a petition sent to the Senate on their behalf by Stanley Okonmah, said they were completely marginalised in the contract award.
The lsoko Ethnic Nationality requested the Senate to probe the award of the contract and prevail on the NNPCL’s management to award a fresh contract to a company owned by an Isoko person.

Specifically, the people urged the Senate to look into the matter and urged the Minister of Petroleum Resources and the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL) to correct the anomaly.

They want the NNPCL to award the pipeline surveillance contract to a company to be chosen by stakeholders of Isoko nation.

The Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Ayo Akinyelure (PDP – Ondo Central), at a session in Abuja, said the GCEO of the NNPCL was being summoned to the Senate for him to come and assure the Isoko people that the agency would do the needful to avoid economic sabotage by the aggrieved youths of the area.
He said, “The GCEO of the NNPCL is hereby summoned by the Senate Committee on Ethics Privileges and Public Petitions (to appear before this committee) on January 25.

“We want him to come and assure Nigerians that he would do the needful to calm down the youths so that they will not engage in pipeline vandalism.”

Earlier, the leadership of the Isoko youths told the panel that since oil was discovered in their land and pipelines installed there in 1958, till date, no case of vandalism had been recorded in the area.

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Confusion at Lagos Airport as Workers Embark On Strike…… Passengers Stranded!(Photos)

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Several passengers were stranded this morning at the Murtala Mohammed International airport as airport workers began strike starting from midnight.

passengers were spotted all around with airlines having little information on the way forward.

for instance, virgin Atlantic passengers that were due for London trip this morning were helpless as many had to reschedule their flights and many left loitering around

more details………

 

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