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Applications for Tony Elumelu Foundation Entrepreneurship Programme 2019 Opens on TEFConnect

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The Tony Elumelu Foundation will begin accepting applications for the fifth cycle of its Entrepreneurship Programme. 1,000 selected applicants will join the current 4,470 beneficiaries of the Programme.

Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurial catalyst of its kind – has empowered 4,470 African entrepreneurs, with seed capital of $5,000 each; twelve weeks of accelerated online business training; access to experienced mentors; and membership of Africa’s largest entrepreneurial ecosystem.

Beneficiaries of the Programme have been profiled in global media, including the Forbes [Africa] 30 Under 30 list. They have attracted the attention of investors, as well as have been recipients of awards, including the Google Impact Challenge and the Chivas’ “The Venture” Award for Social Entrepreneurs.

The Entrepreneurship Programme has facilitated exchanges between African entrepreneurs and local and global public sector leaders, investors and development partners, raising their business profiles, scaling their opportunities, showcasing their innovation and identifying ways to further strengthen the business environment in Africa. In June 2018, the Foundation convened a forum with President Emmanuel Macron of France and young African entrepreneurs. In October 2018, the Foundation was proud to have President Nana Akufo-Addo of Ghana and President Uhuru Kenyatta of Kenya address the gathering of young African entrepreneurs at the TEF Entrepreneurship Forum.

The Foundation’s investment, impact and commitment to advancing entrepreneurship is predicated on the belief that Africa’s entrepreneurs hold the key to unlocking the potential of the continent and facilitating the transformation of Africa. With this objective, the Tony Elumelu Foundation launched the TEF Entrepreneurship Programme, its US$100 million flagship programme to identify over a period of 10 years, 10,000 African startups and entrepreneurs, with ideas that have the potential to transform the African continent. Its goal is to invest in businesses that together can generate at least 1,000,000 new jobs and contribute at least $10 billion in new annual revenues across Africa.

The TEF Entrepreneurship Programme is open to citizens and legal residents of all African countries, who run businesses based in Africa that are less than three years old. Business ideas that are yet to launch are also encouraged.

The 2019 Applications will be hosted on the largest digital networking platform for African entrepreneurs – TEFConnect on www.tefconnect.com.

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$2 billion Investment: Be part of our steady rise, Tinubu tells diaspora Nigerians

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The rise of Nigeria to its rightful place in the comity of nations has begun, the president declared yesterday.

President Bola Ahmed Tinubu assured Nigerians in the Diaspora that the country’s economy is stabilizing, opportunities are expanding, and reforms are yielding visible results.

He spoke during an interactive session with members of the Nigerian community in Japan.

The session was held on the sidelines of the ninth Tokyo International Conference on African Development (TICAD9).

The President said his administration is determined to reverse negative trends and make the country a land of prosperity for its citizens at home and abroad.

“All I want to do is assure you that things are stable, the economy is stabilized, the opportunity is immense, people are coming back, we are reversing the medical tourism in every way that we could, and I can give you the assurance we are seeing the beginning of Nigeria rising,” Tinubu said to an applause.

He reminded the Diaspora audience that while it is a personal right to remain abroad, the nation still depends on their input to achieve its developmental aspirations.

He said government’s priority is to create an environment where every citizen, home or abroad, can feel the positive impact of change.

“I am happy to listen to you for whatever. Happy to report to you that many of our people are coming back home. Yes, for economic reasons, some people might decide to stay away, it’s a fundamental right of the individual, but for the economic growth and opportunity that is available in Nigeria, don’t stay away. Your contribution is very much needed. If you stay away, who will build it?” the President asked.

Tinubu emphasized that his government is committed to creating an environment where every Nigerian can thrive, noting that governance is about “thinking and doing,” promoting unity, stability, and progress.

He urged Nigerians abroad to remain good ambassadors of their country and to reflect positively on its image, stressing that “poor comments and negative reflections will not help the growth of Nigeria.”

The Minister of State for Industry, Trade and Investment, John Enoh, who also addressed the gathering, highlighted the bold reforms undertaken by the Tinubu administration since its first day in office.

He recalled that the World Trade Organization’s Director-General, Dr. Ngozi Okonjo-Iweala, had recently commended Nigeria’s policy direction, describing the reforms as the foundation of future growth.

According to him, we have a President who is undoubted, who is focused, and who is pursuing the reforms that our country deserves.

Khalil Halilu, Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), reported that Nigeria is now witnessing accelerated technology transfer as a direct result of presidential policies.

He said that more than 1,000 applications had been received globally for investment in Nigeria’s technology and industrial sectors, with over $2 billion already committed and factories set to be established in partnership with Japanese firms.

From the private sector, Wale Tinubu, Group Chief Executive Officer of Oando Plc, praised the administration’s economic reforms, especially the liberalization of the exchange rate and removal of fuel subsidies.

He said these decisions had improved government revenues, boosted foreign investment, and spurred growth across sectors ranging from oil and gas to mining, telecommunications, and small enterprises.

“We’ve never experienced the closeness with government as we do today,” he remarked.

Also, Mrs. Florence Akinyemi Adeseke, Nigeria’s Chargé d’Affaires in Tokyo, hailed the contributions of Nigerians in Japan, particularly academics and professionals excelling in various fields.

She acknowledged the challenges posed by a few nationals in breach of immigration laws.

She described the meeting as an opportunity to strengthen bonds with the Diaspora community under Nigeria’s new foreign policy thrust.

The President of the Nigerian Union in Japan, Emeka Egbogota, welcomed Tinubu to the “Land of the Rising Sun” on behalf of the community, describing his presence at TICAD9 as a source of pride and unity.

He praised the President’s vision for a prosperous Nigeria driven by technology, entrepreneurship, and inclusive growth, pledging the community’s support for his administration’s agenda.

The interactive meeting ended with a renewed sense of partnership between the government and its citizens abroad, with President Tinubu reiterating his commitment to ensuring that every Nigerian has a role to play in the unfolding story of the country’s progress.

 

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BREAKING: By- Election, DSS arrests PDP agent with N30m cash for alleged vote-buying in Kaduna

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The Department of State Services (DSS) and Police have arrested a suspected People’s Democratic Party (PDP) agent, Shehu Fantagi, with about N30 million allegedly earmarked for vote-buying ahead of today’s by-elections in Kaduna State.

Fatangi was picked up on Friday evening at a hotel in the Kaduna metropolis, where he was said to be coordinating the distribution of the funds meant to influence voters in the Chikun/Kajuru Federal Constituency election.

Reliable security sources confirmed that the suspect was caught in possession of cash running into tens of millions, allegedly intended to compromise the integrity of the polls.

The Kaduna State Police Command also confirmed the arrest.

Its spokesman DSP Mansir Hassan, in a statement on Saturday said: “In a sustained and collaborative effort by security agencies to ensure that the forthcoming by-elections in Kaduna State are conducted peacefully and without interference from criminal elements, operatives of the Nigeria Police Force in conjunction with the Department of State Services (DSS) have successfully apprehended vote buyer in Kaduna.”

According to him: “At about 0330hrs of today, arrested one Shehu Aliyu Patangi at a popular hotel located along Turunku Road in Kaduna metropolis and recovered a total cash sum of Twenty-Five Million, Nine Hundred and Sixty-Three Thousand Naira (₦25,963,000) from the suspects, believed to be earmarked for the purpose of inducing voters to compromise the electoral process.

“Preliminary investigations revealed that the suspect had planned to use the said amount to bribe eligible voters. On interrogation the suspect confessed to the crime and pleaded for leniency.

“The Commissioner of Police, CP RABIU MUHAMMAD psc, mni, expresses appreciation to the other sister agencies for the synergy and swift collaborative action. He warns, in the strongest terms, that anyone, regardless of status, found attempting to undermine the electoral process will face the full wrath of the law.

“The Kaduna State Police Command reassures residents of its commitment to providing maximum security before, during and after the elections, and calls on the good people of Kaduna State to go out and exercise their franchise peacefully and lawfully without fear or intimidation.”

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Bye-Election: Crisis Rocks Labour Party as Obi Directs Members to Vote for Other Party , Abure Says ‘Ignore Him’

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The attention of the leadership of the Labour Party has been drawn to a statement by the party’s former presidential candidate, Mr. Peter Obi, directing party members to cast their votes for another party in the August 16, 2025 bye-election. The party said that Obi’s directive is misleading, mischievous and delusional.

The party is however calling on all our faithful party members to ignore this malicious directive and go ahead with casting of their votes for the Labour Party and their candidates.

It is unfortunate that Obi has turned himself to an irony and a paradox in the Nigeria political space. He is now reputed to have elevated subterfuge in the game of politics and has of late been crying wolf where there is none. He has turned himself into “Uber” politician, not willing to take a position and stand by his decision. He has now booked a place for himself in the Guinness book of records as a person affiliated to many political parties pari pasu, all in his desperation to preside over Nigeria.

Nigerians should not forget in a hurry that it was Peter Obi that created the crisis in the Labour Party which he is now citing as a reason why people should not vote for the party. Peter Obi and Alex Otti the Governor of Abia State hosted the ill-fated and illegal expanded stakeholders meeting in Umuahia, September 4, 2024. He has also co-funded the crisis all these while and went as far as leading a protest match to INEC headquarters against his own party.
His desperation to control the soul of the party has made him go haywire.
A man that received so much goodwill from the party leadership but turned around to pay them with evil. This is why we have maintained that Peter Obi lacks the competence, character and capacity to actualise the vision of a new Nigeria.

What Obi does not know is that Labour Party is on the ballot and our candidates are contesting the election in spite of all his efforts to strangulate the Labour Party. The party unknown to him has done everything within the law to ensure that our candidates participate in the bye-election and of course in all other future election.

We are therefore encouraging our candidates, members and supporters across all the states where bye-election is holding to be focused and ensure that we carry out our civic duties by returning Labour Party and the candidates elected. Nigerians have come to know who Peter Obi is.

 

 

 

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