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TEF-UNDP Unveils Final 2,100 Africans for Entrepreneurship Programme

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Tony O. Elumelu
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The Tony Elumelu Foundation (TEF) has announced a final list of 2,100 African entrepreneurs who will benefit from the inaugural TEF-UNDP Entrepreneurship Programme.

TEF-UNDP Unveils Final 2,100 Africans for Entrepreneurship Programme

Tony Elumelu

The programme targets small business owners in rural communities across the 7 Sahel countries of Africa including Nigeria, Niger, Chad, Mauritania, Burkina Faso, Mali and Cameroon.

A statement from the foundation said the successful beneficiaries had participated in an intensive business training administered online and in selected communities in each country during the programme.

“The selection process of the TEF-UNDP Entrepreneurship Programme, which commenced with a call for applications in July 2019, ended with a pitching competition in various communities in the 7 countries, powered by the United Bank for Africa Plc, while the selection process was coordinated by Deloitte.

“The selected young African entrepreneurs will join the alumni network of the Tony Elumelu Foundation’s flagship Entrepreneurship Programme and will each receive seed funding between $1,500 and $5,000, depending on the size of their business initiative,” it added.

Commenting on the programme, Ahunna Eziakonwa, the UNDP Africa Regional Head, said: “Youth employment and economic empowerment are critical for the socio-economic transformation of the Sahel.

“The sheer size of applicants, 81,000 for the TEF-UNDP Entrepreneurship Programme, demonstrates an urgent need to scale up. The regeneration of the Sahel is a key priority for UNDP. “We will continue to prioritise initiatives that break down barriers to attaining the full potential of the Sahel – and bring closer to home, the hope for productive lives for Africa’s youth.”

Also speaking, Ifeyinwa Ugochukwu, the CEO of Tony Elumelu Foundation, noted that: “Creating opportunities and giving young Africans hope for a brighter future will reduce poverty, extremism and illegal emigration in Africa. “This is why at the Tony Elumelu Foundation, we forge partnerships to enable us to reach more youths and scale our impact to convert the impending demographic doom to economic boom on the continent.”

The TEF-UNDP Entrepreneurship Programme is a partnership between the Tony Elumelu Foundation (TEF) — the private-sector-led philanthropy focused on empowering African entrepreneurs — and the United Nations Development Programme (UNDP) to empower 100,000 entrepreneurs over 10 years across Africa.

This mission – to economically empower young African entrepreneurs, create millions of jobs and revenue in Africa, and break the cycle of poverty on the continent – aligns with the purpose of the Tony Elumelu Foundation.

The statement further added that the Tony Elumelu Foundation will begin accepting applications for its flagship Entrepreneurship Programme on January 1, 2020.

 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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FG to Create 1m Technology Jobs – Minister

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Bosun Tijani, minister for Communication, Innovation and Digital Economy, has stated that the federal government is geared towards creating about one million technology jobs for teeming Nigerian youth.

FG to Create 1m Technology Jobs – Minister

Tijani stated this at the official opening of a solar-powered community ICT center built by the National Information Technology Development Agency (NITDA) in Abeokuta, as part of activities marking the 38th Lisabi festival.

The minister emphasised the commitment of President Bola Tinubu’s administration to invest in the digital economy, driving inclusive growth and empowering the country’s teeming youth population.

“The president made it very clear when I came into office, that he will spend efforts and resources in creating one million technology jobs. So, for anybody that is following the development in the world today you will see that there’s no world without technology.

“There is a strong shortage of technology workforce all over the world, and while a lot of the developed countries have ageing population, and not giving birth to kids, in Nigeria, the average age is 16.9, so our young people are being projected to be the workforce of the future, not only for Nigeria.

“This center here is one of many. In the next two months, we are launching about 30 of them all over the country. This center will be properly animated and we will put resources into ensuring that there are courses for young people to come and take here.

“We are also going to ensure that there are job opportunities that we can connect them to and if anyone wants to follow, follow the three million Technical Talent Program which we have started already in the country”, he said.

He therefore charged the youth to remain focus, and not be discouraged, adding that there is massive employment opportunities in technology as there is no enough people to work in technology all over the world.

“If you ask anyone that works in technology, the entry salary is between N350,000 to N500,000. Technology pays really well, so instead of worrying about things being hard, they should take advantage of centers like this, empower themselves and go for the opportunities the world has to offer them”, he added.

Speaking earlier, Oba Adedotun Are, Alake and Paramount ruler of Egbaland, lauded President Tinubu for approving the centre in Abeokuta, saying that this has no doubt marked another new dawn for the people of Egbaland, given rapid growth, development, and economic empowerment of the people.


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NIPSS Projects Petrol Prices to Hit ₦750/Litre Before Year’s End!

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National Institute for Policy and Strategic Studies (NIPSS) has predicted that the price of Premium Motor Spirit (petrol) will decline as Dangote Refinery and other local refineries commence full operations.

fuel-scarcity.jpg

Speaking on Channels Television on Tuesday, April 1, NIPSS Director-General Ayo Omotayo expressed optimism that fuel prices would fall once more refineries become operational.

He projected that petrol prices could drop to around N750 per litre before the end of the year with a more stable exchange rate.

“We’re looking at it coming down as low as N750 before the end of the year. And of course, foreign exchange will still drop to about 1.3 before the end of the year, and it is going to continue like that as more of our refineries come into place.

Omotayo acknowledged the current economic hardships but insisted that the policy would benefit Nigerians in the long run.Traditional Nigerian cuisine

“The gains at this time are very little, but in the long run, we will make up for whatever sacrifices we have made today as Nigerians” he stated


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TikTok Sale Deal Expected Before April 5 Deadline – Trump

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U.S. President Donald Trump has stated that a deal for the sale of TikTok’s U.S. operations is expected to be finalized before the April 5 deadline.

TikTok Sale Deal Expected Before April 5 Deadline – Trump

U.S. President Donald Trump

The deadline, set by legislation passed in January, mandates TikTok’s Chinese parent company, ByteDance, to divest its U.S. assets or face a nationwide ban due to national security concerns.

Multiple non-Chinese firms have expressed interest in acquiring TikTok’s U.S. operations.

Private equity firm Blackstone is considering a minority investment, potentially joining existing non-Chinese shareholders such as Susquehanna International Group and General Atlantic.

In a strategic move to facilitate the sale, Trump suggested that he might consider a reduction in tariffs on China, acknowledging that Chinese regulatory approval may be required for the deal to proceed.

The White House has been actively involved in negotiations to ensure that TikTok remains operational in the U.S. while addressing national security risks.

With TikTok’s 170 million American users watching closely, the outcome of the sale is expected to have a major impact on the social media landscape and the broader tech industry.

 


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