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TONY ELUMELU FOUNDATION ANNOUNCES 3rd ROUND OF TEF ENTREPRENEURSHIP PROGRAMME ……2,000 STORIES AND COUNTING

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On January 1, 2017, The Tony Elumelu Foundation (TEF) will begin accepting applications for the third round of the TEF Entrepreneurship Programme. The Programme is the Foundation’s 10-year, US$100 million commitment to training, mentoring and funding 10,000 African entrepreneurs.

 

The application portal will be open until midnight (WAT), March 1, 2017. Entrepreneurs must complete the online application and selection is on a rolling basis, so early application is encouraged.

 

TEF Founder Tony O. Elumelu said: “I believe the seeds we are planting through the Programme will transform Africa. Two years on, it is clear that we have found a key to unlocking Africa’s potential for economic transformation. As ourentrepreneurs grow their own businesses and realise theirambitions, so too does the vision. We are showing what the African private sector can achieve; how hard work and enterprise can catalyze real, sustainable development.”

 

The Programme is designed to identify entrepreneurs that have the potential to grow their businesses and collectively generate 1,000,000 new jobs, that can contribute at least $10 billion in additional revenues to the African economy.

 

According to TEF CEO, Parminder Vir OBE, “This programme continues to surpass our expectations and its success is palpable. Your entrepreneurial journey begins when you make the decision to complete the application. We are seeking real entrepreneurs, people who can take risk and reap rewards, not just for themselves, but their communities and countries.”

 

The success of 2015 Tony Elumelu Entrepreneurs reflects the impact of the Programme, including:

 

1. Momar Mass-Taal (Agriculture, Gambia) turned his $5,000 seed capital into $1.2 million in revenue

2. Bukhary Kibonajoro (Education & Training, Tanzania) used the mentorship and training to launch his business, create 34 new jobs and provide growth services for more than 100 local business in 12 months.

3. Chioma Okonu (Waste Management, Nigeria) Has created ancillary revenue streams for more than 6,000 households, created 40 jobs and generates over $50,000 in profit.

 

To be eligible to apply:

 

1. Businesses must be based in Africa

2. Businesses must be for profit

3. Applicants must be 18 years of age and above

4. Applicants must be a legal resident or citizen of African countries

 

1,000 entrepreneurs will be selected based on the feasibility of the business idea; market opportunity; financial understanding; scalability; leadership and entrepreneurial skills demonstrated in the application.

 

For more information or to apply, visit:  http://tonyelumelufoundation.org/teep/faqs/

Media enquiries: media@tonyeleumelufoundation.org

 

 

About The Tony Elumelu Foundation

Established in 2010, The Tony Elumelu Foundation (TEF) is the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent. The Foundation’s long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent. The Foundation’s flagship initiative, the TEF Entrepreneurship Programme, is a 10-year, $100 million commitment to identify, train mentor and fund 10,000 entrepreneurs, capable of changing the face of business across Africa. www.tonyelumelufoundation.org/teep @tonyelumeluFDN

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Photos From The Star Studded Bodex Social Media Hangout 5.0

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COSON MEMBERS CELEBRATE BUMPER =N=465.5 MILLION ROYALTY DISTRIBUTION!

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It was singing, jubilation and merriment this Tuesday, December 10, as members of Nigeria’s No 1 copyright collective management organization, Copyright Society of Nigeria (COSON), approved a 2024 royalty distribution of a whopping =N=465.5 million for COSON members and associates. Following the approval, the distribution which is the highest in the history of the organization, began immediately as several COSON members started receiving bank alerts on their phones while still at COSON House.

They came from the East, the West, North and South of Nigeria: gaily dressed musicians who stormed Oluwaleimu Street, in the Allen Avenue Area of Ikeja where the magnificent COSON House stands sparkling in the sun, and in which COSON’s 2024 Annual General Meeting took place.

The AGM practically turned into a carnival as the former President of PMAN and Chairman of COSON, Chief Tony Okoroji, who presided at the General Meeting, delivered a moving address which he titled, “the COSON Spirit”.

 

The celebrated copyright warrior was praised repeatedly by joyous COSON members after delivering his speech in which he said, “We have deployed the law, like no other organization in the history of Nigeria, to form a bulwark against the people, in and out of government, who have tried everything to hijack and plunder COSON or if they fail, to kill COSON. You know the modus operandi of the vampires among our citizens: they grab every good thing in Nigeria for themselves, their friends and families with no thought for the millions of other people in our country. They are not satisfied with owning one house. In a nation where millions do not own even a hut, they grab what belongs to all of us and build 735 duplexes for themselves alone and want more as if they have a contract with the Almighty that they will never die.

“I wish to state that I have been to practically every court in the land, have mounted the witness box and testified, and have won victories on behalf of COSON that many had thought were impossible. We have retained the services of four first class senior advocates and several other senior lawyers.

“Without the decisions of those distinguished Judges of the Courts who remain committed to truth and justice, COSON, this great pan Nigerian organization that has become the nation’s most formidable agent of strength, unity, progress and growth for the creative industry, would have since been sucked dry and wiped away.“

With sadness in his voice, Chief Okoroji said, “Fellow members of COSON, let me state that I verily believe that in these hard times, we could have done more, much more for the musicians of Nigeria. It is a paradox that the institution established by the state to enable us to soar and achieve great results for our nation, conspired with carpetbaggers and fraudsters to become the greatest obstacle to our progress and success. But… we continue to fly, due to the unbreakable COSON Spirit”.

In his speech, the COSON Chairman thanked the Management led by General Manager, Mrs. Bernice Eriemeghe Ashibuogwu, for their contribution to the success of the society,

Identified at the AGM were such persons as the President of the Creative Industry Group, Amb. Felix Duke; President of the Music Producers and Marketers Association of Nigeria (MUPMAN), Eng Sharon Wilson; Afro Juju music super star, Sir Shina Peters; Reggae Music giant, Righteousman Erhabor; celebrated female singer, Stella Monye; Pop Music sensation, Alex O; Gospel Music Minister, Kenny Saint Brown; Showbiz Impresario, Koffi Da Guru, Popular entertainment die-hard, Steve Black and many more.

Also present were members of the COSON Board such as Abuja based, Chief Uche Emeka Paul, a workhorse of the Catholic Charismatic Music Ministry; Enugu based music toaster and publisher, Angus Power Nwangwu; Oge Kimono, first daughter of the unforgettable Rub-A-Dub Master, Ras Kimono who himself was a COSON die hard, before his death; renowned drummer, Richard Cole, famed producer Zdon Paporella and Gospel Music Minister, Evangelist Olusegun Omoyayi.

Hundreds of COSON members joined the jubilant AGM on-line via Zoom.

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Keynote Speech by Dr. Shaibu Husseini, Executive Director, NFVCB At the 5th Annual Gathering organized by the Nollywood Creative Minds Forum (NCMF). Four Points By Sheraton, Lagos, Nigeria

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Distinguished filmmakers, esteemed members of the Nollywood Creative Minds Forum, and honored guests, My friends in the media, Ladies and Gentlemen

 

I am delighted to address this gathering of creative minds, who are shaping the narrative of our beloved Nollywood industry. I must thank the leadership of the NCMF for extending this invitation to me. I have followed the activities of the forum from inception and attended previous editions as a film journalist. Today, even as a regulator, I can affirm that the forum has created a veritable platform for strengthening the Nollywood community through networking and collaboration. The forum has also facilitated partnerships and collaborations between Nollywood creatives and industry stakeholders. I congratulate the leadership of the forum and urge them to continue to facilitate discussions on industry trends, challenges and opportunities, with a focus on shaping the future of Nollywood.

 

Today, I have been asked to speak on a crucial aspect of our collective growth and success: the pursuit of a better filmmaking tradition. As filmmakers, we are not just storytellers; but we are custodians of our culture, our values, and our history. Our work has the power to inspire, educate, and entertain. However, with this power comes great responsibility and if you like responsiveness.

 

In recent years, Nollywood has experienced tremendous growth, with a significant increase in production quality, audience engagement, and global recognition. This year alone, Nollywood recorded more highest grossing movies than the previous years. This year alone, we saw a 120 percent surge in revenue at the box office and an increase in ticket purchase, thanks to the effort by our filmmakers to improve on production quality and storytelling. However, we must acknowledge that there is still room for improvement both in storytelling and production quality.

 

But as we strive for excellence, we must focus on developing a better filmmaking tradition that prioritizes:

 

1. Quality storytelling over this is what is trending’: Our stories should be authentic, engaging, and reflective of our diverse experiences.

2. Professionalism: We must adhere to industry standards, best practices, and ethical guidelines.

3. Innovation: We should embrace new technologies, techniques, and ideas to stay ahead of the curve.

4. Collaboration: We must foster a spirit of cooperation, mutual respect, and knowledge-sharing.

 

To achieve this vision, the NFVCB is committed to providing support and resources to filmmakers, including:

1. Capacity-building programs and workshops (Plans for a PRODUCERS, EXHIBITORS AND DISTRIBUTORS LAB)

2. Access to funding and investment opportunities (Letters of endorsement to those wishing to establish cinema, distribution and exhibition infrastructure

3. Facilitation of international collaborations and partnerships

 

Distinguished colleagues, Ladies and Gentlemen, the pursuit of a better filmmaking tradition requires a collective effort from all stakeholders. It is not just what only NCMF can do. It requires a deliberate effort by ALL to strive for the best for our industry. Therefore, I urge us to continue pushing the boundaries of creativity, innovation, and excellence.

 

Together, we can build a thriving film industry that showcases the best of Nigeria and Africa to the world.

 

I thank you for your attention

 

Dr. Shaibu Husseini

Executive Director, National Film and Video Censors Board (NFVCB)

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