Elumelu Named One Of TIME's 100 Most Influential People In 2020 - THE DAILY CRUCIBLE



Wednesday, September 23, 2020

Elumelu Named One Of TIME's 100 Most Influential People In 2020

Foremost entrepreneur, philantropist and retired banker, Tony Elumelu, has been listed among the '100 most influential people in 2020' by TIME.

Elated Elumelu took to the social media to announce the uncommon honour on Wednesday morning, stressing that business and philanthropy have taught him that talent is evenly distributed everywhere.

"Not every day do you wake up to this – honoured to be named the 2020 #Time100 from @TIME. This has been a tumultuous year for all of us – challenging, humbling, and forcing us all reflect. Why am I there? When in 2010, we launched the @tonyelumelufoundation to champion African entrepreneurship, we had clear goals to catalyse and, yes, showcase the capacity, determination and power of the African entrepreneur. 

"Young women and men shaping economies, creating jobs and singlehandedly confronting the clichés that often surround Africa. Africa is not a “continent of unrealised potential”, but one of innovation, pulsing with productivity, as our entrepreneurs are reimagining and building a new future for the continent.

" It is also about businesses like Transcorp Power, Nigeria’s largest power producer; @ubagroup, a bank in 20 African countries democratising financial services and breaking down barriers to trade; Avon Healthcare, innovating in delivering healthcare – our Group CEOs like Dr. Awele Elumelu, Owen Omogiafo, Simbo Ukiri, Dupe Olusola, Uzo Oshogwe, and Ifeyinwa Ugochukwu ideally females! We are changing the African narrative – thanks @TIME for recognising this.
"Business and philanthropy have taught me that talent is evenly distributed. Yes in California’s “Silicon Valley”, but also Lagos’ “CC-hub”, the young people are just as gifted, but the structures of institutionalised support, the networks committed to and invested in their success could not be more different. Success occurs when preparation meets opportunity – where there is more opportunity, inevitably, there will be more success. 

"It is this imbalance, the uneven access to opportunity for entrepreneurs in Africa that ignited my 2015 US$100 million commitment to empowering African entrepreneurs. Our rejection of the status quo propelled us to fund, mentor and train 10,000 entrepreneurs and counting, creating a digital ecosystem of support for over one million Africans. The results have been phenomenal," he stated.

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