Red Cross And Tony Elumelu Foundation Partner To Empower 200 Nigerian Entrepreneurs

(Front Page) Pix L-R: Founder, The Tony Elumelu Foundation and Chairman, Heirs Holdings, Tony O. Elumelu with the Deputy Regional Director for International Committee of the Red Cross (ICRC) Africa, Patrick Youssef during the historic Signing Ceremony of MoU between the Tony Elumelu Foundation and the ICRC to Empower 200 Nigerian Entrepreneurs in Nigeria’s North East and Niger Delta in Abuja on Sunday

ABUJA, NIGERIA, 14 JANUARY 2018 — The International Committee of the Red Cross (ICRC) and the Tony Elumelu Foundation (TEF) signed a memorandum of understanding today to empower 200 entrepreneurs from Nigeria’s North East and Niger Delta regions. Their partnership aims to holistically address, through innovative interventions, the economic plight of communities affected by armed conflict or violence.

(Front Page) Pix 2: L-R: The Executive Governor of Kebbi State, Senator Abubakar Atiku Bagudu; Founder, The Tony Elumelu Foundation and Chairman, Heirs Holdings, Tony O. Elumelu; Deputy Regional Director for International Committee of the Red Cross (ICRC) Africa, Patrick Youssef; Head of ICRC delegation in Nigeria, Eloi Fillion during the historic Signing Ceremony of MoU between the Tony Elumelu Foundation and the ICRC to Empower 200 Nigerian Entrepreneurs in Nigeria’s North East and Niger Delta in Abuja on Sunday

“We have been looking for a reliable partner in Africa, where over 40% of our work is, to help us develop a sustainable programme that would help people affected by conflict or violence create income-generating activities. After analysis and discussion with affected communities, we decided to support start-ups with innovative ideas in the area of agriculture, healthcare, micro-finance, construction, commerce and fashion, generated by men and women of all walks of life, with or without prior education,” said ICRC Deputy Director for Africa, Patrick Youssef.

“This initiative is complementary to the existing $100 million TEF Entrepreneurship Programme, a tried and tested approach to creating sustainable impact that has seeded, mentored and trained 3,000 African entrepreneurs, generated revenue and created jobs across all 54 African countries. Out of this number, 1,593 entrepreneurs – over 50% – are Nigerian citizens,” said TEF Founder, Tony O. Elumelu, CON.

Selected entrepreneurs from these two regions will each receive funding of up to $5000 from a separate endowment of $1,000,000, as non-returnable seed capital to implement their business ideas, after undergoing business training and mentoring.  The beneficiaries of this programme will be notified alongside the announcement of the successful 1000 entrepreneurs in the 4th cycle of the TEF Entrepreneurship Programme, on 22nd of March 2018.

The ICRC and TEF partnership is based on the common principle of accountability and proximity to people, a desire to restore livelihoods affected by conflict or violence and the desire to see a positive change in Africa.

Source: Bolanle Omisore, TEF, tel: +234 814 590 0809

or visit our website: www.tonyelumelufoundation.org

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About Cholo Brooks 11579 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.