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Tony Elumelu Foundation Selects Inaugural 1,000 African Entrepreneurs to Participate in the $100M Tony Elumelu Entrepreneurship Programme

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The Tony Elumelu Foundation (TEF) is pleased to announce the selection of the first 1,000 African entrepreneurs for the Tony Elumelu  Entrepreneurship Programme (TEEP).  TEEP is a $100 million initiative to discover and support 10,000 African entrepreneurs over the next decade, with a target of creating one million new jobs and $10 billion in additional revenues in the process.

Over 20,000 African entrepreneurs from 52 countries applied to the programme, representing the creativity and potential on display across the continent.  The initial 1,000 selected for the 2015 class are a remarkable group of entrepreneurs who are a testament to the ability of Africa’s own entrepreneurs to drive Africa’s growth and development.

L-R: CEO, Spotone Global Solution, Senegal and Member, Selection Committee, Tony Elumelu Entrepreneurship Programme (TEEP), Mariéme Jamme; Director, TEEP, Parminder Vir; Founder, Tony Elumelu Foundation, Tony O. Elumelu; CEO, Tony Elumelu Foundation, Reid Whitlock; CEO and Founder of Java Foods, Zambia and Member, Selection Committee, TEEP, Monica Musonda; Founder and Chair of Believe in Africa, Cameroon and Member, Selection Committee, Angelle Kwemo during the official announcement of the selection of the first 1,000 African entrepreneurs for the Tony Elumelu  Entrepreneurship Programme (TEEP) in Lagos yesterday.

 

Speaking on the desired impact of the programme, Founder, Mr. Tony O. Elumelu, CON, commented: “The selection of these 1000 entrepreneurs brings us closer to our ultimate goal – to drive Africa’s economic and social transformation from within and to radically intensify job creation in Africa.  Though I have never met or spoken to any of the winners, I am confident that due to the rigorous criteria and selection process, these entrepreneurs are Africa’s hope for the future.  I will continue to invest my experience, time, influence, and resources to see them succeed.  I am embarking on this journey with these entrepreneurs hopeful and inspired.”

The winners represent 52 African countries and territories, as well as a multitude of value adding sectors ranging from agriculture to education to fashion and ICT.  The top five countries in terms of numbers of winners are Nigeria, Kenya, Uganda, South Africa and Ghana.  All five African regions – North, East, Southern, Central and West Africa are represented, as well as all major language blocs – Anglophone, Francophone, Lusophone, and Arabic Africa.  More than anything else, they epitomise the opportunity and promise of Africa.

The Tony Elumelu Foundation appointed Accenture as an independent review consultant to thoroughly evaluate each application based on selection criteria approved by the TEEP Selection Committee.   Following Accenture’s independent review, a meeting of the TEEP Selection Committee, made up of successful entrepreneurs and development experts from across Africa, was held today in Lagos to approve the final list of winners.

The 1000 selected entrepreneurs will continue through the programme cycle over the next nine months. This cycle includes an intensive online training curriculum, mentoring, and participation in a two-day entrepreneurship boot-camp and the Elumelu

Entrepreneurship Forum.  The over 19,000 entrepreneurs who were not selected will be invited to join the Tony Elumelu Entrepreneurship Network where they will be able to further hone their entrepreneurial knowledge and skills.

Parminder Vir OBE, Director of Entrepreneurship at the Tony Elumelu Foundation, said: “The high quantity and quality of applicants we have received is testament to the brilliant ideas and incredible talent that exists in abundance across Africa. The Tony Elumelu Entrepreneurship Programme will give structure and support to these African entrepreneurs to develop themselves and to grow their businesses. Through TEEP, the ripple effects of the long-term investments in a new generation of Africapitalists will be felt throughout the continent.”

For a full list of the winners, please visitwww.tonyelumelufoundation.org/teep

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Just In: President Tinubu approves N70,000 minimum wage

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President Bola Tinubu has approved N70,000 as the new minimum wage for Nigerian workers with a promise to review the national minimum wage law every three years.

 

More details later…

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Gov. Zulum Clarifies Son’s Purported Killing Of Chinese National At Indian Nightclub

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The Borno State Governor, Babagana Zulum, has denied reports alleging that one of the sons has been arrested and sentenced to prison for the murder of some Indian citizens.

Reports has it that there were unverified rumours, especially on social media platforms, alleging that the first son of the governor, Umar Zulum Umara, killed the Chinese national during a fight at an Indian nightclub.

However, the Senior Special Assistant to the Governor on New Media, Abdurrahman Ahmed Bundi, dismissed the reports in a statement on Wednesday.

According to him, no son of the governor was arrested or charged with any crime.

The statement read, “attention of the Borno State Governor’s Media Unit has been drawn to rumours circulating that the son of the Borno State Governor has been arrested for the alleged murder of some Indian citizens.

“This misinformation was published in an online blog, Nairaland, titled “Son of Borno State Governor Murders Someone In India—Politics.” The blog claimed that the Governor also travelled to India, attempting to use diplomatic status to resolve the matter.

“It is on record that Governor Babagana Zulum was on a one-month vacation in Saudi Arabia for the 2024 Hajj and later travelled to Egypt to attend the annual ASUWAN forum conference in Cairo.

“The Media Unit would like to clarify and set the record straight that Nairaland and other online blogs have mischievously spread defamatory content without any speck of truth.

“We hereby warned Nairaland and all those who have spread the false information to pull down this misinformation from its website and platforms within the next 24 hours and offer an unreserved apology to Governor Zulum, his son, and the entire family, or risk legal action. The Governor shall also not hesitate to take legal action against any media outlet that continues to publicise this defamatory information on its platform.

“We would like to inform the public that none of Governor’s Zulum’s son was either arrested or charged with any crime, or involved in any unlawful activities anywhere.

“We urge the public to exercise caution when consuming and sharing information, particularly when it comes from unverified sources and blogs instead of credible media outlets.

“We enjoin all media organisations to engage in responsible journalism of truth and factual verification while recognising the potential harm and psychological trauma the spread of false information might have caused to the Governor’s family.”

 

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Over 600,000 Nigerians sought asylum abroad under Buhari – Report

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Over 600,000 Nigerians filed for asylum in other countries between 2016 and 2023, which were years under the administration of former President Muhammadu Buhari.

Buhari was President from 2015 to 2023 and handed over to President Bola Tinubu who was sworn in on May 29, 2023, after winning in the general elections the same year.

According to a report released on Wednesday, July 17, 2024, by Statisense, a data collection organisation, of a total of 664,384 in eight years, 355,792 persons sought asylum between 2016 and 2019 while 308,592 sought asylum between 2020 and 2023.

On a year-by-year basis, 66,862 sought asylum in 2016, 91,924 in 2017, 84,624 (2018), 112,382 (2019), 73,233 (2020), 83,105 (2021), 83,402 (2022), and 68,852 in 2023.

The figures indicate a surge from the past years, as Statisense noted that within 12 years – 2004 to 2015 – only 204,791 Nigerians filed for asylum in other countries.

In total, 869,175 Nigerians filed for asylum in the last 20 years, notably from 2004 to 2023.

The report was posted on the organisation’s X.com handle @StatiSense, citing the United Nations Refugee Agency.

In another report shared by the organisation on Wednesday, it was stated that the Republic of Niger topped countries with the most Nigerian refugees in 2023 with about 200,497 Nigerians and a total of 1,268,464 Nigerian refugees between 2015 and 2023.

Niger, a border country, shares proximity with Nigeria’s north, where residents battle a spate of insecurity in the region ranging from banditry, terrorism and herdsmen-farmers crisis.

Another report also revealed that Nigerians topped the list of African countries who sought asylum in Canada in 2023 with about 10,111 asylum seekers followed by Kenya with 1,345.  It stated that 1,345 Nigerians however sought asylum in the United Kingdom and 5,136 in the United States of America.

Source: The Punch

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