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TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan - Business - Nairaland

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TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by naptu2: 2:27am On Aug 30, 2019
Invest 5% Of $50bn Pledge To Africa On Entrepreneurship, Elumelu Urges Japan

Kingsley Ighomwenghian 
August 29, 2019 10:01 pm


Afro-centric investor and philanthropist, Tony Elumelu, on Thursday challenged the Government of Japan to invest 5% of its $50bn commitment to the African continent on empowering entrepreneurs.


Addressing global leaders at the ongoing 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, Elumelu, chairman of the United Bank for Africa Plc and Heirs Holdings, appreciated the generosity of the Japanese government in raising its commitment to Africa from $30bn in 2016 in Kenya, to $50bn.


“If we invested just 5% in Africa’s new generation of entrepreneurs, following my Foundation’s robust, proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch 500,000 lives, across the 54 African countries, broadening markets, facilitating job creation, improving income per capita, and laying the key foundation for political and economic stability,” Elumelu said.


He outlined the three key pillars of a bold and transformative structure to include: investment in infrastructure, partnership with the African private sector, and investment in Africa’s youth.


He urged Japan to learn from the example of the Tony Elumelu Foundation, which champions empowering African entrepreneurs, as the most sustainable means of accelerating the development of Africa. The Tony Elumelu Foundation, in just five years has assisted over 7,500 African entrepreneurs across every African country, with seed capital, capacity building, mentorship and networking opportunities through its $100 million Entrepreneurship Programme.


Continuing, he assured the gathering that “Africa is one of the world’s viable destinations for investment. Our huge population, of nearly 1.3 billion people, creates one of the most attractive markets anywhere in the world.”


For him, the question to ask at this time is, with the world “paying close attention to Africa …is Japan at the centre of this conversation or is it on the sidelines?”


President Cyril Ramaphosa of South Africa, who is Co-Chair of TICAD, while corroborating Elumelu’s stance, told the Japanese government: “If you want really good returns, as Mr. Tony Elumelu said, come to Africa. Africa presents risk-adjusted returns and is a market in which investments are flowing at a hundred billion dollars – that is the new profile of Africa that is being presented to the world.”


Achim Steiner, UNDP Administrator praised Tony Elumelu’s Private-Sector led approach to development in Africa.


He described Elumelu as a dear friend and colleague, “because he alluded to the vital role that business can also play in investing in the future of the youth. These are the kinds of partnership that will drive business and development agenda to very different heights in the future”.


Speaking on the potential of the African continent, Prime Minister Shinzō Abe of Japan said: “In Africa, some countries have joined top nations in the ranking on the ease of doing business. The scale of the market continues to expand. We can envision a day when the entire continent of Africa becomes an enormous economic zone.”


Commenting on the conference, Prime Minister Abe promised: “to elevate the partnership between Japan and Africa, a partnership which has carved out close to 30 years of history, to a new level, drawing also on the power of the private sector.”


Also, in a tweet via his personal handle, Governor Babajide Sanwo-Olu of Lagos State, who is on President Muhammadu Buhari’s entourage, expressed enthusiasm that “Japan is investing in Nigeria to support our defence industry and our public health sector. Businesses are looking at investing in Nigeria and Lagos will be a destination of choice. We will continue to provide the right environment for investors.”


Organised by the Japanese Government, TICAD is a three-yearly forum for advancing Africa’s development through people, technology, and innovation, bringing together government, business leaders, companies and other stakeholders.


The event hosted Presidents and private sector leaders including Prime Minister Shinzō Abe of Japan; President Muhammadu Buhari of Nigeria; his Egyptian counterpart and Chair of the African Union (AU), Abdel-Fattah El-Sisi; President Ramaphosa; as well as Paul Kagame of Rwanda.

https://investdata.com.ng/2019/08/invest-5-of-50bn-pledge-to-africa-on-entrepreneurship-elumelu-urges-japan/

1 Like

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by PlayerMeji: 2:36am On Aug 30, 2019
Oga Elumelu...

The youth you want to give these monies are still dancing Zanku and Gbé Bodie..

Everyone wants to make money on Music and Entertainment..

5 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by cenaman(m): 3:44am On Aug 30, 2019
AFONJA AMAKA.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by bamasite(m): 5:01am On Aug 30, 2019
Good one.

However, the major business challenge that the Nigerian youths face is power. Even for an online entrepreneur, you need power for your mobile and or laptop. Irrespective of the business case, power is key. Look at a hair salon, tailoring shop, ecommerce, graphic design, web design, foot wear manufacture, et al. The main areas of focus should be both entrepreneurs and power (generation, transmission and distribution)

3 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by pxjosh(m): 5:03am On Aug 30, 2019
cenaman:
AFONJA AMAKA.

5 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by 1shortblackboy: 5:04am On Aug 30, 2019
cenaman:
AFONJA AMAKA.
try get sense

7 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by KIDfurniture(m): 5:06am On Aug 30, 2019
Tony

1 Like

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by unitysheart(m): 5:10am On Aug 30, 2019
Good redirection by Tony Elumelu.

Don't just come and dump money for our corrupt governments throughout Africa. Please invest the money on entrepreneurs and businesses.

3 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by daddytime(m): 5:21am On Aug 30, 2019
God bless your kind patriotic Afro-centric heart, Tony.

I pray God to help bless and empower me to do better than you in impacting people's lives.

So, help me God.

5 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by wwwtortoise(m): 5:25am On Aug 30, 2019
Good one sir.

Entrepreneurship accounts for 95% of businesses, 70% of employment and over 50% of national GDP in Nigeria.

Give us sustainable power supply and favourable economic policies and watch Nigeria's economy boom like never before.

2 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Pavore9: 5:31am On Aug 30, 2019
PlayerMeji:
Oga Elumelu...

The youth you want to give these monies are still dancing Zanku and Gbé Bodie..

Everyone wants to make money on Music and Entertainment..

Don't generalize as not all the youths operate at that level as there are many who desire more than that.

2 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Nobody: 5:35am On Aug 30, 2019
We have moved from China to Japan , very soon its Vietnam that would be giving us money.
Buhari the begi begi president. Always moving with cap in hand like a typical aboki / almajiri

11 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by oldtruth: 5:50am On Aug 30, 2019
Elumelu is just a pure thief disguising as a philanthropist.

So, if they want to invest the 5% it should be through your foundation? SME who operates account at your bank, how many of them are able to access loan? What is the advantage of killing upcoming business and starting fresh ones? Why can't you fight for sustainability of business instead of thinking of embezzling through your dead foundation?

In a sane clime Elumelu should be in jail. He should state how many businesses he is helping to stay aloft and how many businesses started by his fraudulent foundation is still existing.

He will soon be dealt with

4 Likes 1 Share

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by NaijaFutbol: 5:59am On Aug 30, 2019
We all know why Nigeria is backward!

But let us blame corruption
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by saajus: 6:18am On Aug 30, 2019
I thought IPOB members said Buhari was missing in the conference.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Johnrake69: 6:43am On Aug 30, 2019
oldtruth:
Elumelu is just a pure thief disguising as a philanthropist.

So, if they want to invest the 5% it should be through your foundation? SME who operates account at your bank, how many of them are able to access loan? What is the advantage of killing upcoming business and starting fresh ones? Why can't you fight for sustainability of business instead of thinking of embezzling through your dead foundation?

In a sane clime Elumelu should be in jail. He should state how many businesses he is helping to stay aloft and how many businesses started by his fraudulent foundation is still existing.

He will soon be dealt with

You just said nothing but the truth... UBA is not SME friendly. So what exactly is he preaching?

1 Like

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by israelmao(m): 6:43am On Aug 30, 2019
PlayerMeji:
Oga Elumelu...

The youth you want to give these monies are still dancing Zanku and Gbé Bodie..

Everyone wants to make money on Music and Entertainment..

That's sweeping generalization all youths are not the same.

1 Like

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Mayflowa(m): 7:08am On Aug 30, 2019
PlayerMeji:
Oga Elumelu...

The youth you want to give these monies are still dancing Zanku and Gbé Bodie..

Everyone wants to make money on Music and Entertainment..

There is actually creative industry financing fund for aspiring music production and distribution up to 500 million Naira. So the government places premium on music my dear
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Mayflowa(m): 7:14am On Aug 30, 2019
pickatyou:
We have moved from China to Japan , very soon its Vietnam that would be giving us money.
Buhari the begi begi president. Always moving with cap in hand like a typical aboki / almajiri

I don’t understand you. Japan is far more developed than China. Japan is first world while China still remain third world with lots of illegality in business processes. In fact Japan used to control China landscape.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Buliwyf: 7:23am On Aug 30, 2019
oldtruth:
Elumelu is just a pure thief disguising as a philanthropist.

So, if they want to invest the 5% it should be through your foundation? SME who operates account at your bank, how many of them are able to access loan? What is the advantage of killing upcoming business and starting fresh ones? Why can't you fight for sustainability of business instead of thinking of embezzling through your dead foundation?

In a sane clime Elumelu should be in jail. He should state how many businesses he is helping to stay aloft and how many businesses started by his fraudulent foundation is still existing.

He will soon be dealt with

Just look at this frustrated soul. Hunger is hampering your ability to read and comprehend abi?

Show me where Elumelu said they should invest the money through his foundation.

4 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by JobNowNowNg: 7:33am On Aug 30, 2019
I like when someone has a conviction and stands for it all times.

2 Likes

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Nobody: 7:46am On Aug 30, 2019
Lol, Elumelu's stance on development is more important than giving money directly to African leaders or Country Directors of Foreign missions who happen to be Nigerians to spend.

Most of these monies get embezzled and returned to private unproductive pockets.

Japan should utilize Elumelu's model of development in Africa and invest 50% of their said pledge in that manner.

1 Like

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Bluffly: 7:46am On Aug 30, 2019
Na lie. Elumelu is only widening his own base considering that he has the foundation for Entrepreneurship development which he also makes something from. Why must we be a pauper and begging every country for support when we have enough at home that is being embezzled. If only we can value ourselves we don't need to be beggers to get things not done because with all we've been receiving before, where is the result, it's just for survival and not value creation.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Bluffly: 7:48am On Aug 30, 2019
Buliwyf:


Just look at this frustrated soul. Hunger is hampering your ability to read and comprehend abi?

Show me where Elumelu said they should invest the money through his foundation.
Do you know what they call strategy? Why wouldd he say it on the stage? Think capitalist

1 Like

Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Nobody: 7:50am On Aug 30, 2019
Mayflowa:


I don’t understand you. Japan is far more developed than China. Japan is first world while China still remain third world with lots of illegality in business processes. In fact Japan used to control China landscape.

My brother I am not talking about development. Am talking on our stylish ways we keep using to borrow money. Our debt profile is high with little to show for it. Who do you think suffers it. Bubu have lived his life and secured a better life for his children. If he and his likes dies now they won't die wrongfully, its me and you (unless you are related to one of them) and the future that would suffer it.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Nobody: 7:53am On Aug 30, 2019
oldtruth:
Elumelu is just a pure thief disguising as a philanthropist.

So, if they want to invest the 5% it should be through your foundation? SME who operates account at your bank, how many of them are able to access loan? What is the advantage of killing upcoming business and starting fresh ones? Why can't you fight for sustainability of business instead of thinking of embezzling through your dead foundation?

In a sane clime Elumelu should be in jail. He should state how many businesses he is helping to stay aloft and how many businesses started by his fraudulent foundation is still existing.

He will soon be dealt with

Why not attend one of his programs ?

Can you support your claims with proof that he is a fraud ?

Yes, the average Nigerian may be a thief, how many of these thieves ever came up with Elumelu's idea of helping African youths ?
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Nobody: 7:55am On Aug 30, 2019
Johnrake69:


You just said nothing but the truth... UBA is not SME friendly. So what exactly is he preaching?

Oga, if you lend money to 10 Nigerians, 8 will not pay back.

They will rather misuse it or refuse to return it.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by oldtruth: 11:23am On Aug 30, 2019
Buliwyf:


Just look at this frustrated soul. Hunger is hampering your ability to read and comprehend abi?

Show me where Elumelu said they should invest the money through his foundation.

Won't blame you, your parent never did a good job:

“If we invested just 5% in Africa’s new generation of entrepreneurs, following my Foundation’s robust, proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch 500,000 lives, across the 54 African countries, broadening markets, facilitating job creation, improving income per capita, and laying the key foundation for political and economic stability,” Elumelu said.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Buliwyf: 11:36am On Aug 30, 2019
oldtruth:


Won't blame you, your parent never did a good job:

“If we invested just 5% in Africa’s new generation of entrepreneurs, following my Foundation’s robust, proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch 500,000 lives, across the 54 African countries, broadening markets, facilitating job creation, improving income per capita, and laying the key foundation for political and economic stability,” Elumelu said.

Look at the sad clown whose parents are obvious failures and couldnt avoid perpetuating their failures by birthing him. How is following his foundations proven robust model and giving the money directly to those who need it the same as using his foundation? Keep making a fool of your family online. Like I said hunger and frustration has eaten your brain.

Mind you, there is a reason why he was invited to speak at such an occasion and a nonentity like you will never be. He is already considered and respected as a stake holder and he was telling every potential angel investors and venture capitalists there the best model to invest in Africa. So keep being frustrated. I can help you get Sniper. cheesy
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by oldtruth: 12:55pm On Aug 30, 2019
Buliwyf:


Look at the sad clown whose parents are obvious failures and couldn't avoid perpetuating their failures by birthing him. How is following his foundations proven robust model and giving the money directly to those who need it the same as using his foundation? Keep making a fool of your family online. Like I said hunger and frustration has eaten your brain.

Mind you, there is a reason why he was invited to speak at such an occasion and a nonentity like you will never be. He is already considered and respected as a stake holder and he was telling every potential angel investors and venture capitalists there the best model to invest in Africa. So keep being frustrated. I can help you get Sniper. cheesy

Give it to your dad
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Buliwyf: 1:03pm On Aug 30, 2019
oldtruth:


Give it to your dad

Lol I just gave it to your whole family. If they were not cowards and had the courage to eliminate themselves from the gene pool, the world will not have been cursed with your existence. Hahahaha.
Re: TICAD7: Invest 5% Of $50bn Pledge On African Entrepreneurs, Elumelu Urges Japan by Olominira(m): 2:07pm On Aug 30, 2019
Mayflowa:


I don’t understand you. Japan is far more developed than China. Japan is first world while China still remain third world with lots of illegality in business processes. In fact Japan used to control China landscape.
Correction: China is not a third world. Most of her cities at the moment have latest infrastructure with high tech that most cities in Europe and America may never dream of. Japan is more advanced than any country in the planet not only China.

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