Vanguardngr:

Jonathan gives N250m Elumelu Nigeria Empowerment
Fund
Abuja – President Goodluck Jonathan on Thursday in Abuja
inaugurated the Elumelu Nigeria Empowerment Fund meant
to revitalise the economies of communities affected by
conflicts and disasters in the country.
The Fund, according to the Tony Elumelu Foundation, mangers
of the Fund, will be used to transform economies ravaged by
natural disasters and conflicts, such as those in Jos and Niger
Delta.
At the launch of the Fund, held at the Presidential Villa,
Jonathan thanked the founder, Mr Tony Elumelu, and the
Fund’s Board for their vision and sense of responsibility
toward the needy.
The President, who announced a N250-million donation to the
Fund, pledged the “full support and cooperation” of the
Federal Government to the initiative.
He said: “I am pleased to join you for the launch of the
Elumelu Nigeria Empowerment Fund.
“From what I gathered, the Fund will provide interventions
focused on the medium and long term needs of post-conflict
and post-disaster communities.
“This will be achieved by revitalising their socio-economic and
environmental fabric as it relates to the four core pillars of
Social welfare, enterprenurship, reconstruction and
environmental management.
“I believe that through carefully selected Nigerians and
international partnerships, the Fund will bring economic
opportunities, sustainable development and empowerment to
communities.”
The President also thanked Elumelu and other partners for
their contributions to the Victims Support Fund which he
launched in July to provide succour for insurgency victims in
the north east.
He said that the gesture was a clear demonstration of how
much the private and public sectors could achieve in working
together for national transformation.
the President added that “no doubt, the Elumelu Nigeria
Empowerment Fund is a welcome partner organisation to
compliment and follow-up from the immediate relief efforts of
the Federal Government, relevant ministries, departments and
other agencies and relief organisations.
“As they partner with others to revive and create sustainable
programmes in benefiting communities across our country, it
is my fervent prayer that this will help to rebuild peace in the
heart of our people.
“I also believe that such efforts should help to restore hope
for a brighter future for families and communities.
“This will re-enforce our collective determination to sustain
the unity and progress of this great country.”
In his speech, Elumelu said that the Fund was inspired by the
President’s leadership on the road to post-conflict recovery
through the creation of the Victims Support Fund.
According to him, Jonathan has demonstrated foresight in
recognising that in the 21st century, government and private
sector collaboration is key to achieving progress in society.
“Be it in the power, agriculture or health sector, Jonathan has
made it a priority to partner with the private sector to achieve
real and lasting results.
“As government executes domestic humanitarian intervention,
relief and rehabilitation efforts in adversely impacted areas,
he also reached out to the private sector.
“While none of us wishes to have a reason to donate to a
natural disaster or post-conflict situation, we cannot ignore
that these tragedies exist in our homeland.”
He said the Fund was created out of the N2.5 billion donated
by the Tony Elumelu Foundation and Heirs Holdings
Companies.
Elumelu explained that N1 billion was disbursed out of the
money to the Victim Support Fund, while the remaining N1.5
billion would now serve as the seeding for the fund.
He called for support from well-meaning individuals, groups
and corporate bodies to the Fund.

The President, who announced a N250-million donation to the
Fund, pledged the “full support and cooperation” of the
Federal Government to the initiative.

baccaspace:
From whose pocket, Federal Government or Jonathan? If FG, was the money budgeted for or it was part of the "Security Vote"? If FG, why Give the money to a private foundation Tony Elumelu? What about equipping the National Emergency Agency(NEMA)? Instead of spending such whopping sum in "helping victims, why not instead use it as a proactive measure by tackling issues before crisis?

Another clueless move from Jonathan

egift:


He is making a Private, un-budgeted donation to a private interest/proxy - yet Abati will be threatening fire when they say Jonathan is rich.