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Philanthropists, Tony O. Elumelu, Bill Gates discuss the role of global philanthropy on business, politics and culture at Le Club de l’Economie hosted by Le Monde in Paris

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Speaking at the Le Club de l’Economie in Paris France on Monday, Tony O. Elumelu, Chairman of UBA Plc and Founder of the Tony Elumelu Foundation, made a call to the French business community, global stakeholders and influential Africans in the development world to embrace ‘structured philanthropy’ in support of rising entrepreneurs with great potential, as a means to achieving sustainable development in Africa.

 

He made this call during a live interview conducted by Serge Michel, Editor-in-Chief at Le Monde Afrique, to an audience of high level political and business leaders, including the French Development Agency, Ministry of Foreign Affairs, representatives of international organisations, such as the World Bank, and the IMF, as well as representatives of civil society and selected journalists. This is coming a few days before the Tony Elumelu Foundation Entrepreneurship Forum, the largest annual gathering of African entrepreneurs, scheduled to take place on October 28-29th in Lagos, Nigeria, to celebrate the 2016 cohort of Elumelu Entrepreneurs, selected from over 45,000 applicants in 54 African countries.

 

In what has become a formidable gathering featuring a series of talks on business and economic issues, this special edition of ‘Le Club de l’Economie’ was dedicated to the influence of global philanthropy on business, politics and culture, featuring the world’s most influential philanthropists, including the world’s richest man, Bill Gates. Prior to his participation at Le Monde, Mr. Elumelu paid a courtesy call to the French Development Agency (AFD), where he met with CEO Mr. Remy Rioux to discuss concrete ways in which AFD can be supported by local partners ahead of plans to increase its annual financing commitment to Africa. Mr. Elumelu was joined by Bill Gates, his co-panelist at the Le Monde Philanthropy Forum.

 

Elumelu explained the challenges in developing Africa. “The biggest obstacles to development in Africa are a lack of an enabling environment, infrastructure and access to electricity. Imagine a young entrepreneur having to provide power access for a growing business.”

 

He proffered solutions to some of the obstacles saying: “It is important that Africans increasingly embrace ‘structured giving’ because it helps us, assist worthy individuals who are not part of our families, or neighbourhoods, but who have great need and potential.”

 

Further expounding on the benefits of Africapitalism, Elumelu cited the achievements of the Tony Elumelu Foundation’s Entrepreneurship Programme as a valid example of how Africans can solve their own problems via entrepreneurship and better governance.

 

“Better governance will solve our problems. We can’t afford to ignore entrepreneurship. We need to do both. We need government to realize that the success of entrepreneurs will lead to more success for government. Government can’t create all the employment opportunities needed in the economy. Only the private sector can do this. Government must create an enabling environment to allow businesses to thrive.”

 

Bill Gates also a panelist at the event buttressed this point during his session,

 

“States can no longer fund themselves their development, by giving back, we tap into the best part of ourselves. Everything significant we’ve done was through partnerships.”

 

Elumelu concluded by encouraging French investors to connect with local partners, while also calling on both the public and private sector to invest back into the continent by focusing on entrepreneurship.

 

Le Club de L’Economie is organised by leading French newspaper, Le Monde. Other participants at the event included Bill Gates, Bill & Melinda Gates Foundation; Jean-Marc Ayrault, Minister of Foreign Affairs, France;

The Aga Khan, spiritual head of the Ismaili Muslim community and Remy Rioux, CEO of Agence Francaise de Development.

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Police Deploy More Personnel To Seaports In Lagos Over Nigerian Students, NANS’ Protest

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Following the ASUU strike that has kept university students across the nation at home for over seven months, NANS declared “Occupy The Airport” nationwide protest.

The Nigeria Police Force has announced that it has deployed personnel to adequately secure seaports across the nation following a threat by the National Association of Nigerian Students (NANS) to shut down commercial activities at the nation’s busiest seaports ¬¬¬¬¬¬- the Apapa and Tin-Can Island Ports in protest over the lingering strike by the Academic Staff Union of Universities (ASUU).
Following the ASUU strike that has kept university students across the nation at home for over seven months, NANS declared “Occupy The Airport” nationwide protest.
The aggrieved students who protested on Monday at the Murtala Muhammed International Airport also reportedly threatened to ground commercial activities at the Apapa and Tin-Can Island Ports in Lagos State.
Disclosing the security beef up to Daily Trust, the Commissioner of Police in charge of Western Port Authority Command, Jonathan Towuru, said security was tightened around the Western Ports to avoid any breakdown of law and order although the student body did not show up as threatened.
The commissioner said, “People went about their businesses while operations at the terminals went on seamlessly, without any hindrance. But if the students eventually turn up, we will engage them in discussions. I must say that they conducted themselves well on Monday at the airport even though you still saw police monitoring the protest.”

 

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Evans The Billionaire Kidnapper Bags 21 Year Imprisonment

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Justice Oluwatoyin Taiwo of the Ikeja Special Offences Court on Monday sentenced kidnap kingpin, Chukwudumeme Onwuamadike, also known as Evans, and his co-defendant, Victor Aduba, to 21 years imprisonment for kidnapping one Sylvanus Hafia.

They were accused of conspiring and kidnapping Sylvanus Ahanonu Hafia at about 5:30 pm on June 23, 2014, at Kara Street, Amuwo Odofin in Lagos and were alleged to have captured and detained Hafia and demanded a ransom of $2m.

But they pleaded not guilty to the four charges.

The judge held that the sentence would serve as a deterrent to other aspiring kidnappers

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Poverty, Hunger in the Country, Okowa Blames APC

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…says Delta healthcare will curb medical tourism

Delta State Governor and Vice-Presidential Candidate of the Peoples Democratic Party (PDP), Ifeanyi Okowa, weekend, said that poor management of the nation’s economy by the ruling All Progressives Congress (APC) caused the rising hunger and poverty in the country.

He stated this at an empowerment programme for the people of Ika Federal Constituency at Boji-Boji Owa, Ika North Council by the member representing the constituency at the House of Representatives, Mr. Victor Nwokolo.

The governor, who commended Nwokolo for his gesture, described the event as “empowerment programme with a difference. He said Nigeria was troubled because people were hungry and out of job due to mismanagement of the nation’s economy.

He added that even students were having lots of challenges because their parents could not meet their needs owing to the level of poverty resulting from ineptitude of the APC-led Federal Government.

He, therefore, urged Nigerians to support the PDP, saying it was the only party with clear understanding of the nation’s challenges and had clear solution to rescue the nation.

Earlier, Nwokolo said his motive for the empowerment was to restore hope to the hopeless amid rising hunger and poverty in the land.

MEANWHILE, Okowa, also at the different forum, said the huge investment being made by his administration in the health sector was to improve healthcare delivery and reduce medical tourism in the country.

He disclosed this in an interview with journalists shortly after inspecting facilities at the Advanced Diagnostic Medical Centre and Mother and Child Hospital, Owa-Alero in Ika Council of the state.

He said the twin medical facilities would, on completion, reduce medical tourism as it would provide first-class medical services to people who would have sought medical treatment abroad.

“I am glad we have gotten to this stage. I had high hopes that by today, we would have inaugurated these projects.

“The equipment are fully on site and we are trying to get things fully sorted out and I am sure that in the next one month, it should be ready and opened to the public for use.

“The two projects are obviously very important. The Mother and Child, as it is so stated, is supposed to take care of every illness concerning our women and children,” he said.

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