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Tony Elumelu Foundation set to announce 2024 Cohort of its Flagship Entrepreneurship Programme

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Tony Elumelu

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, will announce 1,200 African entrepreneurs across 54 African countries as beneficiaries of its flagship Entrepreneurship Programme. The announcement will be made on March 22, 2024.

The new beneficiaries will become the 10th cohort of the 10-year-long TEF Entrepreneurship Programme.

The Tony Elumelu Foundation has consistently demonstrated its belief in the potential of young Africans to transform the African continent.

This conviction has led to its transformative impact – thousands of young men and women entrepreneurs across all 54 African countries have been empowered through its flagship Entrepreneurship Programme.

The beneficiaries have received world-class business training, mentorship, coaching, and funding, in addition to lifelong access to the prestigious TEF Alumni Network.

To date, the Foundation has disbursed US$100,000,000 directly into the hands of young African entrepreneurs, who have, in turn, created over 400,000 direct and indirect jobs, contributing significantly to Africa’s economic growth and development.

The Foundation has also provided capacity building support, advisory services, and market linkages to over 1.5 million Africans through its digital entrepreneurship-support platform, TEFConnect.

The upcoming announcement reaffirms the Tony Elumelu Foundation’s commitment to supporting entrepreneurship as a catalyst for driving poverty eradication, catalysing job creation across all 54 African countries, and increasing women economic empowerment.

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About the Tony Elumelu Foundation:

The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and increasing women economic empowerment.

Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed over USD$100 million in direct funding to 20,000 young African women and men, who have collectively created over 400,000 direct and indirect jobs.

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The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent.

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Gunmen assassinate Governor Aiyedatiwa’s Campaign Coordinator in Ondo

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Ondo State Governor, Lucky Aiyedatiwa

Alaba Abbey, a campaign coordinator of Governor Lucky Aiyedatiwa of Ondo state, has been brutally murdered by gunmen

Mr Abbey, who served as a ward coordinator for the Lucky Aiyedatiwa Campaign Organization Foot-Soldiers (LACO-SF), was killed in his hometown of Supare Akoko, Akoko South West Local Government Area, on Saturday.

The Gazette learnt that the deceased was the returning officer for the ruling All Progressives Congress (APC) in his Ward 10 in the recently concluded primary of the governing party.

Samuel Abbey, a younger brother to the deceased, who confirmed the sad development, said that the local politician was shot at the front of his house in Supare, and the family believed it was an assassination.

“It is a sad development, my brother was assassinated in front of his house here in Supare. Our family are in pain right now,” he said.

Funmilayo Odunlami-Omisanya, the spokesperson for the police in Ondo, confirmed the killing of Mr Abbey in a brief chat with reporters in Akure, on Sunday.

Mrs Odunlami-Omisanya revealed that the state command had launched an investigation into the brutal killings.

“We have begun an investigation into the case and we will unravel what led to his killing,” she said.

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Meanwhile, the Lucky Aiyedatiwa Campaign Organisation Foot-Soldiers (LACO-SF) has condemned Mr Abbey’s brutal killing.

The group also called on police authorities in the state to protect its members from brutal attacks by assailants.

In a statement by the spokesperson for the campaign organisation, Kayode Fasua said the late Abbey was actively involved in the campaign activities of Mr Aiyedatiwa until his brutal killing.

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Earlier, the Director-General of LACO-FS in Akoko Southwest Local Government, David Ajobiewe, described the killing of Mr Abbey as a big tragedy.

“Excel had been a resourceful coordinator for the Aiyedatiwa campaign organisation in Ward 10 of Supare and was never known to be violent and never had any history of a local or domestic dispute.

“We urge the police authorities to step up investigations into his gruesome murder and bring the perpetrators of the dastardly act to book,” he said.

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Enugu govt awards contract to revamp Hotel Presidential, set to revive Nigergas company

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Dilapidated Hotel Presidential Hotel Enugu

The Governor Peter Mbah Administration in Enugu State Government has awarded the contract for the revamping of Hotel Presidential, a premier hotel in the heart of the state’s capital.

The administration also said that it was currently perfecting the terms of agreement for the resuscitation of the state-owned Nigergas Company Limited sequel to a memo by the Enugu State Investment Development Authority in line with Dr. Peter Mbah’s target to rehabilitate, refurbish, and commission all dormant state assets such as Nigergas.

Government made these known after the State Executive Council meeting presided over by the governor at the weekend.

Briefing Government House correspondents, the Commissioner for Information and Communication, Mr. Aka Eze Aka, and his Culture and Tourism counterpart, Dame Ugochi Madueke, said the moves were in line with the governor’s promise to convert all dormant assets in the state to productive assets.

According to Dame Madueke, revamping of the Presidential Hotel would not only put Enugu State in the world map as the premier destination for investment, tourism and hospitality, but would also create jobs for the teeming youths in the state.

“It is with great joy that I make this announcement because the hotel has been abandoned and had gone moribund over the past years. However, bringing it back to life will not only put our state on the world map again, it will equally create economic value-chain, market, tourism and employment for our youths,” the commissioner stated.

Hotel Presidential was built by the administration of the late premier of the defunct Eastern Region, Dr. Michael Okpara, and opened in 1963. It ran as a prestigious hotel until it became moribund decades after.

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Speaking on the Nigergas Company Limited, Mr. Aka observed that the present administration was focused on reviving all moribund industries to create economy of scale for the state, and lead to the state selling its products beyond the East of the Niger.

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He said the approval for the revamp of the comatose company was based on a rigorous assessment of many commercial proposals and models presented to the state, establishing a compelling business case and profitability.

On his part, the Managing Director and Chief Executive Officer of the Enugu State Investment Development Authority, Dr. Sam Ogbu-Nwobodo, while throwing more light on the move, said the demand for medical oxygen and industrial gas in the country far outpace the supply, hence the need for the state government to partner a reliable private player with proven integrity and track record to revamp this Nigergas and take advantage of the huge inherent opportunities.

“The “re-engineering, refurbishment, and subsequent commissioning of Nigergas is a deliberate step by the Governor Mbah Administration to provide the much-needed medical oxygen and industrial gas for the South East and the entire country because the country is hugely underserved.

“The profitability profile, commercial and investment have been vetted with prospects of huge profit.

“We have everything on ground, and our timeline to kick off is certain. What remains is the paperwork because we already have the approval of the governor and now that of the State Exco,” he added.

Dr. Nwobodo said the Nigergas Company, would employ over a thousand workers, when resuscitated.

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He explained that the move to revamp Nigergas was one in the series of projects aimed at reviving other moribund state-owned enterprises such as Niger Steel Ltd., Sunrise Flour Mills, and the aluminum smelting company at Ohebe Dim.F

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Man stabs wife to death over infidelity

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Man stabs wife to death over infidelity

A man who is yet-to-be identified has reportedly stabbed his wife to death over alleged infidelity in Ekiti State.

The incident happened over the weekend at Christ Avenue, within the Adebayo vicinity of Ado-Ekiti.

A local resident informed reporters that the incident happened Friday evening, while another source indicated it occurred Saturday morning.

The couple, it was gathered, had sent the older of their two children on an errand and locked up the door to their apartment before they started fighting on the issue.

During the fight, the man, said to be a law enforcement agent, and his wife, who worked in a chemist shop, stabbed each other with sharp objects.

It was not known whether it was knife or bottles that was used in the fight.

A source said, “They locked themselves up inside their apartment with their younger child of about five years .

“The man confronted the deceased over allegations that she was cheating on him, a fight ensued leading him to stab his wife to death,” the source said of the infidelity case that led to death in Ekiti.

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“At that moment, people had come to separate the fight only to meet the door to their apartment locked. When they could not break the door open, some of the people around removed some of the ceiling to gain entry into their apartment.

“They met the deceased and her husband with injuries all over their bodies. The woman was unconscious and was immediately rushed to the hospital but she gave up the ghost before they got to the hospital.”

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The source mentioned that the incident has been reported to the police station. The man has been taken to an undisclosed hospital for treatment, under police surveillance.

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