Boss Of The Week
In Bahrain: Elumelu, Trump’s Senior Adviser, Other Leaders Launch US Govt Growth Strategy For Palestine & Middle East
Published
5 years agoon
By
EditorFounder, the Tony Elumelu Foundation and Chairman, United Bank for Africa, Mr Tony Elumelu has joined heads of States and other global leaders at the Peace to Prosperity Workshop in Bahrain.
The event organised by the Presidency of the United States of America in partnership with the host government, the Kingdom of Bahrain was the launch of the US growth strategy for Palestine and the Middle East which is a first step in the long journey towards establishing an enduring future for the region; the West Bank, Gaza, and beyond.
Providing the African perspective upon a special invitation from the US Government, Mr. Elumelu headlined the summit, speaking on the opening plenary alongside Christine Lagarde, Managing Director, International Monetary Fund (IMF); and HE Mohammed Al-Sheikh, Minister of State & Member of the Council of Ministers, Kingdom of Saudi Arabia, to share practical recommendations to unlock future economic prosperity for the Palestinian people, using what is done at the Tony Elumelu Foundation as a replicable model for the economic empowerment of young men and women from the West Bank and Gaza.
Elumelu stressed the urgency and importance of supporting and empowering young Palestinians to ignite the entrepreneurial ecosystem and strengthen the Palestinian economy.
For stable growth, he reiterated that young Palestinians must be empowered with jobs and economic opportunity to contribute meaningfully to their nation’s development.
“I come from Africa; and the reality is that we do have a lot of similarities with the Palestinian people; especially in the area of demographic make up. With over 60% of its nearly 5 million strong population under 30, the young people of Palestine need Jobs Jobs and more Jobs! Without jobs, there will be no economic hope. Big corporations and government alone cannot supply the jobs demanded by Palestine’s demographic pressures. We need SMEs and startups to address joblessness in the region, create jobs and opportunities in local communities for millions of our Palestinian young brothers and sisters to become employed, meaningfully engaged, and full of economic hope, which in turn leads them away from extremism.”
The renowned investor and philanthropist who is leading by example through the Tony Elumelu Foundation which has committed US$100m to empower young African entrepreneurs, called on endowed Middle Easterners and their philanthropies to step up and become more involved in empowering the young ones of Palestine.
As he explained, “In the 21st century, we cannot keep relying on western donors to help empower our own people; we must step up and create a platform where they may partner with us for scale, just as we are doing at the Tony Elumelu Foundation.”
The Tony Elumelu Foundation annually identities and empowers entrepreneurs across all of Africa’s 54 countries with non-refundable seed capital of $5000 each, mentoring and training, and in over five years, has supported 7,520 young Africans. To resolve joblessness in the region, Mr Elumelu offered his Foundation’s unique economic empowerment model to be replicated in Palestine. “Young Palestinian people need similar opportunities like the ones we currently give young African entrepreneurs through the Tony Elumelu Foundation. We acknowledge that given Africa’s huge numbers, we are touching only a top of the iceberg, but we have seen first-hand how this model transforms individual lives, families, communities and cities.”
Agreeing with Elumelu on his call for an increased focus on SMEs and young people, Saudi Arabia’s Minister of State Mohammed al-Sheikh, stated: “The younger population and proper planning is essential to creating economic prosperity in the West Bank and in Gaza. If you look at the demographics in the region, it is a young population. As the Kingdom of Saudi Arabia looked to diversify its economy and carry out the structural changes to be less reliant on oil revenue, this required real commitment and hard work and buy in from everybody, with small-to-medium enterprises at the front and center of the Kingdom’s Vision 2030.”
Elumelu also called on the government to play its own role in supporting and prioritising the young people of Palestine: “Governments must play their own role: ensuring good governance is in place, prioritising infrastructure and the fight against corruption, and creating an enabling and conducive environment so that when these young Palestinians get opportunities, they can succeed.”
He continued: “As an investor, something that speaks volumes to me when I want to chose a country to invest in is this: is the private sector in that environment doing well? Do they have small and medium scale enterprises that are flourishing? This to me is the real signal of how successful my investment will be because what it is good for local investors is good for international investors. If economic conditions for local investors are not favorable, they can’t be for foreign investors. Government must ensure that local SMEs thrive to signal to global investment community that Palestine is open for business.”
Joining Elumelu in advising on the role of the government in creating a conducive environment for the private sector, Christine Lagarde, MD, IMF added, “We have seen a pressing need for capacity development in the field of public finance management, central bank strength and domestic revenue mobilization. These are the background in which private sector can have a predictable environment within which they can operate.
Advising development agencies on a more inclusive model for even greater impact, Elumelu stated: “Development agencies should also not sit in their offices abroad to design growth programmes and strategies for the Palestinian region, but must ensure that the people of Palestine are actively involved in pulling their people out of poverty. Development agencies must assist in a strategic manner, working with local partners who understand local nuances, so that the over $19 billion spent so far by the World bank and allied institutions on innovation and entrepreneurship is more impactful, transforms more lives and addresses the real issues on ground.”
In conclusion, the founder of the Tony Elumelu Foundation commended the US Government for this timely initiative and intervention but counseled on the importance of longevity and sustainability. “For what we are gathered here to be sustainable, endure over time and lead to sustained prosperity, we must involve the Palestine people. Until we collectively agree that any economic plan we put in place for Palestine and the region must be anchored by and on the small and medium scale enterprises to be permanent and fundamentally address the issues, we will continue to rely on quick fixes. We must prioritise inclusive growth that brings all to the table – women and youth especially – which in turn will create more hope and beget more security and peace. To achieve this, there must be collaboration between the Palestinian people, friends of Palestine, neighbours of Palestine, and led by the wealthy and endowed elite in the Middle east, to work together to economically empower young Palestinians. It is not too difficult a task for us to touch significant numbers out of the 2-3 million youth in the region.”
He continued, “The Tony Elumelu Foundation is ready to deploy our expertise in collaboration with the wealthy elite from the Middle East region, to create an affirmative plan, and send a strong message of hope for the Palestinian young people. If we prioritise them and create the right future for them, we will signal a new beginning in this part of the world. Only then will we achieve security and peace permanently because these young people will become inclusive stakeholders and the true champions of prosperity.”
Related
You may like
Boss Of The Week
Dr Stephen Akintayo: Leading Gtext Homes to Strategic Marketing Advantage
Published
2 weeks agoon
March 17, 2024By
EricHOW DID YOU COME ABOUT THE RELATIVE HUMILITY YOU ARE TODAY ASSOCIATED WITH?
I advise young people who rush into politics to build a name, if you do something solid the politicians will beg you because they know you have the solution, the capacity, and the answers. For me, I am very well positioned globally, growing my business is very important to me, supporting people in government across the world. We want to start partnering with people in government but we want to make sure our record is clean, our stories are clear because if you do not tell your stories, others will tell their own and their own will become the truth so we need to tell our own.
Related
Boss Of The Week
Adedeji Adeleke: Celebrating a Philanthropist at 67
Published
3 weeks agoon
March 10, 2024By
EricBy Eric Elezuo
At 67, he still remains one of the most sought after personalities with the milk of human kindness. His philanthropy reverberates across the length and breadth of the African continent, and with a net-worth of over 1.7 billion in United States of American dollars, it is not hard to imagine that the erudite scholar and reputed oil and real estate magnate, Dr. Adedeji Adeleke, is a force to reckon with in the Nigerian socio-political and economic terrain.
To many, he is the hitherto unknown ‘Baba Olowo’, as represented by his son, David Adeleke, in his hit song, Emi Omo Baba Olowo, to many others, he is just the father of one of Nigeria’s successful musicians, Davido, and to many others, he is the pathfinder that has helped in paving a path of fruitfulness for the Adeleke family in particular, and the people of Osun State in general.
Ebullient and renowned, Dr. Adedeji Tajudeen Adeleke, a native of Ede in Osun State, was born on March 6, 1957 in Enugu State, to Ayoola Raji Adeleke and Esther Nnenna Adeleke. Growing up with his maternal grandmother, fashioned in him the distinct features of Nigerian-ism thus becoming one of the few Nigerians, who are privileged to savour the true Nigerian originality, boasting of two physical ethnicities – Yoruba and Igbo.
Adeleke’s linage is blessed as his siblings are also movers and shakers of the Nigerian political and economic environments. His elder brother, late Senator Isiaka Adetunji Adeleke, was the first civilian governor of Osun State, and his younger brother, Senator Ademola Adeleke, is the present governor of Osun State.
Fondly called Deji by family members and loved ones, and Chairman by friends and associates, Dr. Adeleke, whose father was a renowned labour leader and activist, in addition to being the Balogun of Ede land and one time Senator of the Federal Republic of Nigeria, is many things one.
Tapping from the Igbo background of his beloved mother and the Yoruba originality of his father, Dr. Adeleke has overtime showcased qualities that stood him out as a believer in the oneness of the country, Nigeria.
Dr. Adeleke lived his early life in Enugu, where he developed inert abilities to mastering business craftsmanship, before moving to Ansar-Ud-Deen Primary School, Surulere Lagos, for his primary education. Thereafter, he proceeded to Seventh-Day Adventist Grammar School, Ede where he graduated from in 1975, obtaining his West African School Certificate in flying colours.
His brilliance, coupled with opportunities, created a leeway for him thereafter to proceed to Western Kentucky University in the United States of America where he distinguished himself in academics and other endeavours, and graduating with a Bachelors degree in Finance in 1979.
A thoroughbred lover of education, Adeleke followed up his bachelors degree triumph with an MBA in 1981 and thereafter a Ph.D. in International Business from Pacific Columbia University, Mills Valley, California in 1983. It is not an understatement to say the proverbial ‘baba olowo’ is well read.
Having completed the academic trilogy, and with undisputable qualifications, Adeleke returned to serve his fatherland in the capacity of a Corps member in the National Youth Service Corps scheme; a clarion call he obeyed with all his being as a true Nigerian.
Armed and totally ready to take on the world, Adeleke ventured into the entrepreneurial world, audaciously establishing a drilling company, Pacific Drilling Company Limited which soon became the brainchild of other entrepreneurial ventures, metamorphosing into Pacific Holdings Limited, with a distinct focus on finances and investments in different sectors of the Nigerian economy, which comprises other groups of companies with diverse biases, including Pacific Energy Limited.
An egghead of no mean abilities, Adeleke is one of few academics, who holds double doctoral degrees, as he was privileged to bag a second Ph.D from the University of Phoenix, Arizona USA, where he studiously laboured for his honours.
His lofty academic sojourns have in more ways than one paved the way for him to conquer the competitive world of entrepreneurship. He is also the founder and Chairman Board of Directors of Pacific Merchant Bank Ltd which later became one of the legacy banks in the guise of present day Unity Bank Plc.
Quintessential in all ramifications, Dr. Adeleke is a philanthropist of note as his foundations and establishments speak volumes of his worth, and what he is capable of doing. Among his many foundations, dedicated to the upliftment of mankind, is the Springtime Development Foundation (SDF), a not-for-profit NGO, which has become a vehicle for the awards of scholarships at all levels of education, and distribution of medical assistance to diverse medical units across board; locally and internationally to meet the needs of needy Nigerians.
Adeleke’s SDF is also the brain behind the establishment of the prestigious Adeleke University Ede, where he is the Pro-Chancellor. In addition, Dr. Adeleke sits on the board of various blue chip companies across the globe.
Adedeji Adeleke through the Springtime Development Foundation (SDF) founded Adeleke University in Osun State ede, to ensure less privileged students have access to a quality higher education.
Adeleke is known to be not just a father in words, but highly impactful, consciously and unconsciously imparting his children and any other person that crosses his path with his Midas touch of gold.
It has been said that no one comes his way, and leaves without a meaningful impact in his life. With his SDF tool, not a few lives have witnessed a turnaround.
Dr. Adeleke is blessed with four children, two males and two females named Adewale Adeleke, David Adeleke (Davido), Sharon and Ashley Coco, from his beautiful wife, Veronica, who died in 2003, and many grandchildren. His children are living examples of his paternal influence as they all have carved a veritable niche and influence for themselves in different areas of human endeavours.
His youngest son, Davido, is a world renowned musician and philanthropist, carting away awards after awards in many areas, and luving the life of a real chip off the old block with humongous acts of giving that has left many just wondering.
He also has numerous grandchildren among whom are Imade Adeleke, Hailey Adeleke and the newest twins, who are Davido’s children.
Adeleke is a lover of life, and the good things that come with it. As a result, he owns a Bombardier Challenger 605 Business jet and a Bombardier Global Express 6000 for both classic luxury and ease of movement, as an international businessman, who is constantly on the move.
At 67, Adeleke could be described as an accomplished husband, father, nationalist and entrepreneur.
We salute your dexterity and pray for more of wealth and health and many more years of celebrations. Happy birthday a true legend!
We celebrate you sir!
Related
Boss Of The Week
Babajide Sanwo-Olu: A Governor and His Many Gracious Strides
Published
4 weeks agoon
March 3, 2024By
EricEarlier, Sanwo-Olu briefly attended Government Demonstration School, Gbaja Surulere before moving to Ijebu-Ife Grammar School, Ogun State to complete his secondary education.
A politician of positive repute, Sanwo-Olu began his political career in 2003, when he was appointed a Special Adviser on Corporate Matters to the then deputy governor of Lagos State, Femi Pedro. He was later made the acting Commissioner for Economic Planning and Budget until 2007, when he was appointed as the Commissioner for Commerce and Industry by then governor, Bola Tinubu. After the General Elections of 2007, Sanwo-Olu was appointed Commissioner for Establishments, Training and Pensions by Governor Babatunde Fashola. He was later moved to the Lagos State Development and Property Corporation (LSDPC) by Governor Akinwunmi Ambode in 2016 as the Managing Director.
Sanwo-olu’s achievements are renewed on a daily basis as a they keep springing up without notice. Some of his notable public sector achievements however, include the supervision of the Bureau of Public Enterprises (BPE) privatization projects. He set up and was the Pioneer Board Chairman of Lagos Security Trust Fund. The LAGBUS System and the Control & Command Centre in Alausa Ikeja were subsequently established under his directives.
Sanwo-Olu, like many of his predecessors, has kept faith with the Lagos master plan, and has worked assiduously to maintain and meet the target. He has therefore, been working on different development activities, one of which is road construction across major areas in Lagos state.
In 2020, Sanwo-olu asked that the statue of Fela Kuti that was erected by Akinwunmi Ambode be removed from Allen Avenue in Ikeja, to ease the situation of traffic in that area. However, the statue is said to be relocated to a more convenient area in the State. He commissioned the Oshodi -Abule-Egba BRT Lane amongst other projects in 2020.
Sanwo-olu has worked on the Control & Command Centre in Alausa, which significantly improved the capacity of the security agencies to respond to distress calls in a swift and timely manner.
While under appointment as the Chief Executive Officer (CEO) of the Lagos State Property Development Corporation (LSPDC) in 2016, he, as a visionary administrator returned the hitherto struggling organisation to the path of efficiency and profititability. This took him only two years.
He also refocused the organisation to effectively tackle housing deficit in the state, which again validated his credentials as a resourceful leader and problem solver. His valuable experience garnered from executive-level roles in the private and public sectors has not only distinguished him, but also made him a valuable resource to some notable organisations on whose boards he has served
A statement on his website summarized his expected delivery, noting that “It is unexpected that Babajide’s enterprising career in the private sector, defining roles in public service and selfless contributions to the society would not have attracted international recognitions and accolades at home. But as a man attired in modesty, these awards and laurels are encouragements that keep him on the path of service to God and humanity.
“A devout Christian and family-focused man whose marriage to Dr. Ibijoke Sanwo-Olu is blessed with lovely children, Mr. Sanwo-Olu, in addition to his love for public speaking, is a member of numerous prestigious clubs, which include Ikoyi Club 1938, the Island Club, Yoruba Tennis Club and the Clear Essence Health Club.”
In 2020, Sanwo-Olu stood like the rock of Gibraltar between the dreaded COVID-19 pandemic and the health of Lagos residents, and was regarded as one of the outstanding governors in the fight against the scourge.
“We must ultimately defeat this virus if we remain vigilant and do not take anything for granted. Stay safe Lagos, your health is important,” the governor was quoted as saying.
In October of the same year, Sanwo-Olu employed his human relations training to quell the EndSARS crises, which had its epicenter in Lagos.
In May 2023, Sanwo-Olu was reelected governor under the umbrella of the All Progressives Congress (APC), defeating his closest rival, Gbadebo Rhodes-Vivour of the Labour Party (LP) to the second position.
Though his re-election was contested by both Gbadebo Rhodes-Vivour of the Labour Party (LP) and Olajide Adediran of the Peoples Democratic Party (PDP) in the tribunal, and up to the Supreme Court, Sanwo-Olu emerged victorious.
With special regards to his litany of achievements, Sanwo-Olu has obtained a variety of awards in his career, both from within the shores of Nigeria and from foreign places. Some of them include:
- Platinum award from the Lagos State Public Service Club.
- 2009 Best in Human Capital Development award from the Industrial Training Fund (ITF).
- Merit award from the Association of National Accountants of Nigeria.
- Merit award from the Chartered Institute of Personnel Management in Nigeria (CIPMN).
- Merit Award from the Association of Professional Women Engineers of Nigeria (APWEN).
- LSDPC Impactful Leadership and Recognition Award.
- Media Nite-Out Award for Best Governor of the Year (2020).
In addition, he is a member of the Nigerian Institute of Directors (IOD), Chartered Institute of Personnel Management (CIPM), and Fellow of Nigeria Institute of Training and Development (NITAD).
A lot of people have said that the path to Sanwo-Olu’s success stories and achievements lies in his ability to remain a loyal partyman and an astute politician. These have consistently paved the way for his glorious strides. His achievements in Lagos have become a reference point to many other governors in Nigeria.
In today’s Lagos, development, sanitization, security, technological know-how and community coexistence are at top level owing to the direction Sanwo-Olu created, and rooted in his THEME agenda.
Sanwo-Olu, without an iota of doubt, is doing well. It is on this note, we recognize you sir, as the Boss of the week. Congratulations!
Related
The Oracle: Is This the Nigeria of Our Dream? (Pt. 3)
Tinubu, Beware Of Nyesom Wike
Friday Sermon: Signs of Isa’s (PBUH) Second Coming
KFC Reacts As FAAN Shuts Down Its Operations in Lagos Airport
Governor Umo Eno and Dignitaries Celebrate Apostle Gboyega Shitta’s 25th Anniversary
Accolades, Expectations as Transformation College Provides Affordable Tertiary Education Amid Economic Hardship
NNPC Denies Reducing Petrol Pump Price
Nigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
WORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
World Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
Rehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
Fashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
Pendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
Pendulum: An Evening with Two Presidential Aspirants in Abuja
Who are the early favorites to win the NFL rushing title?
Boxing continues to knock itself out with bewildering, incorrect decisions
Steph Curry finally got the contract he deserves from the Warriors
Phillies’ Aaron Altherr makes mind-boggling barehanded play
The tremendous importance of owning a perfect piece of clothing
Trending
-
News6 years ago
Nigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
-
Featured6 years ago
WORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
-
Boss Picks6 years ago
World Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
-
Headline5 years ago
Rehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
-
Headline5 years ago
Fashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
-
Headline5 years ago
Pendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
-
Headline6 years ago
Pendulum: An Evening with Two Presidential Aspirants in Abuja
-
Headline5 years ago
2019: Parties’ Presidential Candidates Emerge (View Full List)