PHOTOS: Dangote, Momoh, Elumelu, Others Receive National Productivity Award

Left to Right: Minister of Labour and Productivity, Chris Ngige; Secretary General of the Federation (SGF) Boss Mustapha with Chairman, Channels Media Group, John Momoh while honouring him with the National Productivity Order of Merit (NPOM) award in Abuja. PHOTO: Sodiq Adelakun/Channels TV


Popular businessman, Aliko Dangote; the Chairman, Channels Media Group, John Momoh; Chairman of UBA and philanthropist, Tony Elumelu were some of the prominent Nigerians who received the 2019 National Productivity Order of Merit (NPOM) award on Thursday.

A total of 26 individuals and seven organisations were honoured at the ceremony which was held in Abuja, the nation’s capital.

The Minister of Labour and Productivity, Chris Ngige explained that the award is in recognition of their contribution to national development and productivity.

The NPOM Award was instituted by the Federal Government through the Ministry of Labour and Employment to honour deserving Nigerians in recognition of their hard work.


See more photos from the event below…

‘Let’s Rally Round The President’, Elumelu Urges Nigerians

Popular entrepreneur and Chairman of the United Bank for Africa (UBA), Tony Elumelu briefs journalists after visiting President Muhammadu Buhari at the presidential villa in Abuja on April 12, 2019.


Chairman of the United Bank for Africa (UBA), Mr. Tony Elumelu, has called on Nigerians to support President Muhammadu Buhari’s administration.

He made the call on Friday after visiting President Buhari at the presidential villa in Abuja, the nation’s capital.

“Elections are over, let’s all rally round the President and help him to realise those things that are important to him that will define his legacy, the infrastructure, improving access to electricity, road transportation,” he stated.

While commending the current administration for its achievements in agriculture, Elumelu noted that the President has done well in the sector.

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He, however, wants the Federal Government to build infrastructure and engage the youths in productive ventures.

He believes that when the youths are gainfully employed, poverty in the country will be reduced to the barest minimum.

“It’s always good to see how we can create a better society where our young men and women are gainfully engaged,” he added.

Elumelu also congratulated the President on his re-election victory, urging him to leave a lasting legacy that will stand the test of time.

Unveiling Of 2019 Tony Elumelu Foundation Finalists In Photos

Special Guests at the unveiling of finalist at the 2019 Tony Elumelu Foundation, TEF. Channels TV/Sodiq Adelakun


The Tony Elumelu Foundation, on Friday, unveiled finalists of its 2019 entrepreneurs drawn from 54 African countries.

The event which took place in Abuja had in attendance the Wife of the President, Aisha Buhari, Wives of Governors of Kogi and Nasarawa State, and the founder, Tony Elumelu among others.

Over 3,000 applicants were selected for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme.

READ ALSO: Aisha Buhari Says Private Sector Must Play More Active Roles In Enhancing Africa’s Development

Below are photos at the event:



Tony Elemelu Foundation Unveils 2019 Entrepreneurs

Tony Elumelu, Founder of Tony Elumelu Foundation, speaking at the unveiling of the 2019 TEF Entrepreneurs. Photos: Channels TV/Sodiq Adelakun


The Tony Elumelu Foundation, on Friday, unveiled finalists of its 2019 entrepreneurs drawn from 54 African countries.

The event which took place in Abuja had in attendance the Wife of the President, Aisha Buhari, wives of Governors of Kogi and Nasarawa State, the founder, Tony Elumelu among others.

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Over 3,000 applicants were been selected for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme.

According to the foundation, the applicants were selected from the 216,000 submitted applications representing 58% male, 42% female.

Some of the parameters used in selecting shortlisted applicants include feasibility, market opportunity, scalability, leadership skill and viability of the idea.

Founder of TEF, Tony Elumelu stressed the importance of private sector in the development of Africa’s economy.

He noted that the small and medium scale enterprises are the main drivers of the economic transformation.

“No one but us will develop our continent. The private sector has a key role to play in doing this. It is not the big businesses that make the difference, but the SMEs are known for creating jobs, alleviating poverty, helping to bridge inequality gaps and ensure that our women are more economically involved.”

“It is in this realisation that the TEF decided that entrepreneurship is the most catalytic way of making little contributions to humanity.”

He said that the selected finalists are 3,050 young African men and women from 54 African countries.

UBA Expands Operations To London, Targets More Global Customers

UBA Expands Operations To London, Targets More Global Customers
A file photo of Mr Tony Elumelu


The chairman of the United Bank of Africa (UBA) group, Mr Tony Elumelu, has affirmed the bank’s resolve to ensure that its ‘growth campaign’ targets customers in the global market.

Elumelu stated during the launch of the bank’s operations in London, United Kingdom, where he lited the achievements of the bank in February 2019.

According to him, the second phase of the growth campaign which will cover at least eight African countries will make banking activities seamless for millions of UBA customers across the continent.


“We have started the second phase of our growth campaign that will take us to at least eight African countries,” the business mogul told Channels Television.

He added, “Just in February alone, this is the second bank operation we are opening. We were in Mali on February 4, to commission UBA Mali, and on February 28, we have commissioned UBA London.

“We have aspirations, and our intent is to follow our 17 million customers of UBA across Africa.”

The Group Managing Director, UBA Group, Kennedy Uzoka, in his part revealed that with the widespread operations which have extended to the UK, customers no longer have to worry about third-party banks for transactions following the recently acquired operational licence.

Uzoka explained, “Before UBA got here, and with the kind of license we had before, it meant that if a business in any of the anglophone countries is transacting with a partner in England, they must deal with another bank. But today, with our wholesale licence, that is a thing of the past.”

The Chief Executive Officer, UBA UK Limited, Patrick Gutman, also said the bank was committed to strengthening its relationship with its customers in London.

He was hopeful that the strength of the bank would earn a natural synergy with its customers in London and help in achieving its target to tap into the $1 trillion trade and investments across Africa.

Gutman stated, “On the back of the strength of the group and the client base, and the flows that the group is involved in and how the group is supporting its clients, we believe there is a natural synergy with London and with us in London.”

Tony Elumelu Foundation Entrepreneurship Forum 2018

The Tony Elumelu Foundation Entrepreneurship forum 2018 is currently taking place with the President of Ghana, Nana Akufo-Addo, and his Kenyan counterpart, Uhuru Kenyata, among those participating.

The forum which attracts young entrepreneurs from across the globe also has the founder of the foundation, Tony Elumelu, in attendance.

New Development Approach Will Eradicate Poverty – Tony Elumele

Economist and entrepreneur, Tony Elumelu says the time has come to implement a new development model that would help eradicate poverty in Africa.

He also noted that it is fundamental to help the youth see themselves as the change Africa is looking for and encourage them to lead the campaign against poverty in the continent.

This and other issues of development formed the crux of the two-day forum organised by the Tony Elumelu Foundation in Lagos south-west Nigeria.

“Our youths need jobs, plenty jobs, economic hope. There is so much uncertainty about the future.

“In Africa, we have tried different models to deal with these issues of poverty eradication, job creation and creating economic hope for our people – in fact, we know that we have not made much progress and in some areas we can even say that we have regressed,” Mr Elumelu stressed.

Also according to him, aid inflow into Africa in the past 10 years is a whopping half a trillion dollars, yet the basic human development index has not significantly changed.

He, therefore, stated that the new development model which he referred to as ‘Africapitalism’ is of utmost necessity.

“A development model that embraces shared prosperity and local value addition, long-term investment and also private sector development and ultimately entrepreneurship, is needed.

“Africapitalism is a development model that prioritizes our youth and creates hope for them. It is a bottom-up approach to development; an all-inclusive approach that brings development to everyone; one that creates economic empowerment and one that creates hope for the future.”

Also Speaking at the event, was Nigeria’s Vice President, Professor Osinbajo who help similar views.

According to him, the present generation of young Africans represents hope for the continent.

“I’ve always known that this group of individuals, this generation of young people will do the exceptional. Earlier this month I spoke at the Financial Times Africa Summit on the theme what makes Africa work – here in this room are seated the answer to that question.

“Across Agriculture, ICT, hospitality, fashion, energy, manufacturing and many other fields, the breadth and depth of talent and innovation on display in the current and previous Tony Elumelu entrepreneurship cohorts have shown that there is indeed hope,” the Vice President said.

Dangote, Adenuga, Others Make Forbes List

DangotePresident of Dangote Group, Aliko Dangote, has maintained his number one position as Africa’s richest man for a fifth year in a row by Forbes magazine.

Dangote leads with a net worth of 16.7 billion dollars and that is after losing nearly 5 billion dollars in one year, owing to a drop in the stock price of Dangote Cement and a pressured naira.

Others on the list are Chairman of Globacom, Mike Adenuga, who came in seventh position. Business woman and the only female from Nigeria on the list, Mrs Folorunsho Alakija, came in at 13th while Forte Oil Chairman, Femi Otedola was 16th.

Also, Founder of Bua Group, Abdulsamad Rabiu is 23rd, while former Defence Minister, Theophilus Danjuma is number 30 and Chairman of Heirs Holdings, Tony Elumelu came in at 31.

Other Nigerians on the list are Jim Ovia, Mohammed Indimi and Orji Uzor Kalu who took the 37th, 39th and 49th spot respectively.

Nigerians who dropped off the list are Chairman of Etisalat Nigeria, Hakeem Bello Osagie, CEO of Yinka Folawiyo Group, Tunde Folawiyo, and Oba Otudeko of Honeywell Group.

Forbes compiles the list by calculating net worth using stock prices, currency exchange rates, estimates of revenues or profits with prevailing price-to-sales or price-to-earnings ratios for similar public companies.

Jonathan To Lead Dangote, Otudeko And Others On Economic Mission

President Goodluck Jonathan of Nigeria will on Monday lead a team of key members of Nigeria’s Economic Management Team to the World Economic Forum on Africa holding in Cape Town, South Africa.

The Special Adviser to the President (Media & Publicity), Reuben Abati in a press release described the trip as part of the president’s efforts to promote rapid national economic growth and development; as well as an opportunity to assemble with global leaders to brainstorm on new strategies for accelerating economic diversification and the availability of essential infrastructure in Africa.

“President Jonathan is scheduled to leave Abuja for Cape Town tomorrow and will, at the invitation of President Jacob Zuma, undertake a state visit to South Africa ahead of the opening of the World Economic Forum on Wednesday.” Abati said.

The Forum themed “Delivering on Africa’s Promise” is expected to provide a platform for African leaders in government, business and civil society and their counterparts from other regions of the world to discuss further on the continent’s integration agenda and “renew their commitment to a sustainable path of growth and development that will further unlock Africa’s potentials and talents.”

The President will be accompanied on the trip by the Governors of Zamfara, Anambra and Bayelsa states, Senator Smart Adeyemi, Honourable Abubakar Momoh, Alhaji Aliko Dangote, Mr. Jim Ovia, Chief Oba Otudeko and Mr. Tony Elumelu.

Several ministers including the Minister of Foreign Affairs, Ambassador Olugbenga Ashiru, the Minister of Finance and Coordinating Minister for the Economy, Mrs. Ngozi Okonjo-Iweala, the Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, the Minister of Agriculture, Dr. Akinwunmi Adesina and the Minister of Mines and Steel Development, Alhaji Musa Mohammed Sada will also be on the presidential delegation.

The President will also participate in the Grow Africa Investment Forum and thereafter honour an invitation by his South African counterpart, Jacob Gedleyihlekisa Zuma to discuss ways of improving trade and economic relations between Nigeria and South Africa.

During the visit, he will also deliver an address to the South African Parliament, co-chair a meeting of the South Africa/Nigeria Business Forum with President Zuma and hold separate meetings with the Chairmen of the Management Boards of MTN, Toyota and Nissan in South Africa.

At the conclusion of his visit to South Africa on Thursday, President Jonathan will proceed to Namibia for a one-day state visit to hold talks with President Hifikepunye Pohamba and attend a meeting with the country’s business community.

President Jonathan is expected to return to Nigeria on Friday, May 10.

Federal Government Honours Super Eagles

The Federal Government Tuesday night honoured members of the Super Eagles and the technical crew with mouth -watering gifts and National Honours at a special dinner held at the Banquet Hall of the Presidential Villa.

Each member of the Super Eagles received N5 million in addition to the National Honour of Member of the order of Niger (MON), while Stephen Keshi got N10 million.

Super Eagles Head Coach, Stephen Keshi, received the sum of N10 million, a plot of land  in Abuja and the National Honour of Commander of the Order of the Niger (con), Assistant Coaches Daniel Amokachi and Ike Shorumi went home with N5 million, a plot of land each and Officer of the Order of the Niger (OON)

Super Eagles Captain Joseph Yobo was honoured with the Officer of the Order of the Niger (OON) while other members of the team received Member of the Order of the Niger (MON). They also got a plot of land each in the Federal Capital Territory (FCT) and N5 million each.

The Minister of Sports Mallam Bolaji Abdullahi had told the audience that the victory of the Super Eagles was a milestone and appealed to Nigerians to shun acrimony and join the federal government in the development of sports.

The reception attracted dignitaries and sports lovers from across the country with the president urging them to continue with the splashing and gifts for the award winning super eagles, even as they aim at conquering the world.

The President also announced cash donations from other Nigerians including $1million from Mike Adenuga (Jnr) to the players and $200,000 to Stephen Keshi while Aliko Dangote donated N5 million to each of the players.

Other cash donations announced by President Jonathan include $500,000 each from Emeka Ofor, Jim Ovia and Tony Elumelu.

President Jonathan told members of the team that their victory in South Africa has, “put a spring in our steps, golden smiles on our lips and has indicated that Nigeria is a land of opportunities.




Elumelu warns foreign investors to stop tarnishing Nigeria’s image

Chairman, Heirs Holdings Ltd., Tony Elumelu, on Monday warned foreign investors to stop making reports that tarnish the image of Nigeria, thereby discouraging intending investors from bringing their businesses into the country.

Elumelu was speaking at the Presidential Policy Dialogue at the 18th National Economic Summit in Abuja.

He noted that though corruption should be tackled with iron fists in the system, it should not be the major focus of reporting issues concerning the country.

“Without sounding a bit defensive, I think we tend to over blow this issue of corruption in Nigeria and in fact, almost all the speakers who have spoken today are talking about corruption.

“When the GSM licensing started in Nigeria, most strong telecommunications company didn’t want to come to Nigeria to do business because they were afraid of corruption.

“MTN came to Nigeria to do business, they got the licence, the stock price crashed in South Africa Stock Exchange, they started five, six, seven years down the line; Nigeria produces over 60 per cent of their gross revenue across the world.

“But they don’t tell that story about Nigeria, the story you hear is about corruption,’’ he said.

According to him, his company won one of the biggest power stations in Nigeria at 200 million dollars without consulting anybody but going by the process.

He said that Nigeria is a country of over 170 million population and at such would have corrupt elements amongst its populace.

“Yes some people are corrupt in Nigeria, a country of about 170 million people; we have one, two, or five per cent that are corrupt; we talk so much about corruption and every speaker wants to talk about it instead of saying the good things,’’ he added

Dangote, Elumelu nominated for Forbes Africa Person award

Chairman of Dangote Group, Alhaji Aliko Dangote, and former Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, have been selected along with three other individuals for the 2012 edition of the Forbes Africa Person of the year award.

The other persons are Dr. James Mwangi, Chief Executive Officer/Managing Director, Equity Bank Limited, Kenya; Joyce Banda, President of Malawi and Stephen Saad, Co-founder, Aspen Pharmacare.

According to a statement by Forbes Africa, Dangote, Elumelu and the others were nominated by its readers because of their impact on African business in the past year.

The magazine said the Forbes Africa Person of the Year award would go to the individual who has had the most influence on events of the year gone by, adding that with the release of the final shortlist, voting has started on the magazine’s website.

The magazine said voting would close on Thursday, November 1, 2012, and the Forbes Africa Person of the Year would be revealed in an event in Nigeria.

“Aliko Dangote and Tony Elumelu are two Nigerians who made the final five. Dangote was there also last year before the awards was won by fellow country man and Governor, Central Bank of Nigeria, CBN, Sanusi Lamido Sanusi who did not make the final cut this year,” the magazine maintained.

On the nominees, Forbes said Aliko Dangote, founder and president of Dangote Group, last year’s runner-up to Forbes Africa Person of the Year, is still Africa’s richest man worth more than $11.2 billion. Dangote continues to be one of the continent’s biggest employers. He promises to donate most of his fortune to charitable causes upon his retirement.

“Dr James Mwangi won the Ernst & Young Entrepreneur of the Year Award 2012 as well as Africa’s Innovation Leader of the Year Award in 2012. Equity Bank is planning to extend its financial services to Ethiopia when the country opens its banking industry for foreign investors.

“Banda, Malawi’s first female leader, has restored strained diplomatic ties with neighbours and the international community. Her administration has embraced investor friendly economic policies; she cut her salary by 30 per cent; sold the presidential jet and a fleet of luxury cars in austerity drive.

“Tony Elumelu, the multi-millionaire, grooms African business leaders and enterpreneurs through the Tony Elumelu Foundation. He is the leading advocate of Africapitalism, an economic philosophy that embodies the private sector’s commitment to Africa’s economic transformation through long-term investments.

“Stephen Saad is the biggest shareholder of the largest publicly traded drug manufacturer, Aspen. The company has a market capitalisation of $6 billion. Saad became a multimillionaire at 29. Now aged 47, he employs more than 6,000 people.”