Tony Elumelu foundation to empower 1,000 youths

Tony Elumelu, has promised to empower 1000 young entrepreneurs in northern Nigeria. Speaking at Bayero University Kano (BUK), while receiving Doctor of Business Administration, Honoris Causa from the university, Elumelu explained that the new empowerment opportunity strictly reserved for young business-minded northerners will run for 12 weeks after which successful beneficiaries will receive $5,000 each to build their business empires. Elumelu, who unveiled the scheme in BUK, stressed that Nigeria has no business with poverty if only concerned authorities deployed the needful policy strategy to explore deposited talents abound in the country.

He restated his foundation’s commitment to collaboration with stakeholders to build millions of entrepreneur in Africa. He also called on the Federal Government to abolish multiple taxation for small and micro businesses and ease process of business registration, so as to further grow economic viability in the country.

According to him: “The Tony Elumelu Foundation has in the last five years supported 7,250 young entrepreneurs in Nigeria and Northern Nigeria has deposit of 1,000 of this number. “These new 1,000 entrepreneurs that will be selected in August is exclusive for youths from northern extraction.

The initiative is to produce direct job opportunity and Business Empire among young talented youths in the North. While the private sector is supporting the youths, the Federal government should provide enabling environment. Our education must work. Health sector should be improved upon. National prosperity cannot be achieved without wide spread empowerment.” He added: Today, you graduated 10, 000 people, the point is, are that are they going to get jobs?

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