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Tony Elumelu @ 61: Marking Another Milestone

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By Chidiebere Nwobodo

The unit of life is time. And life is like a leaf of plain white paper you decide what to write on it. This philosophy defined Tony Elumelu’s teenage years.

Tony Elumelu @ 61: Marking Another Milestone

Tony Elumelu

Then young Tony set out to discover not only what the future holds for him but to design it, which exemplifies Abraham Lincoln’s postulation that the best way to predict the future is to create it.

He did not wait for life to happen to him—he happened to life!

Sixty-one years on the voyage of life, riding tides in turbulent ocean of the universe, like great Michelangelo, Tony Elumelu has not only carved and painted his “tomorrow” but has become a paragon of success story for young entrepreneurs to copy. His impact in modelling young entrepreneurs has reverberated across Africa via Tony Elumelu Foundation (TEF).

He is a private sector leader cum shrewd investor with investments in key sectors of the African economy through Heirs Holdings, Transcorp Group, UBA Group, etcetera.

Hundreds of thousands of jobs have been created by this entrepreneurial maven. At an early stage, with an eagle-eyed focus, he was poised to achieve greatness in life.

He could not allow any perceived disadvantage to weaken his resolve to rise from nadir of obscurity to olympian cliff of fame. Like Arthur C. Clarke said: “The only way to discover the limits of the possible is to go beyond them into the impossible”.

Tony Elumelu, as a pacesetter, believes that impossible is just a word. At 34, he was already chief executive officer of defunct Standard Trust Bank and one of the youngest bank CEOs in Nigeria.

Stories of reforms and revolution of African banking industry cannot be complete without outlining his sterling efforts towards positioning African banking industry to compete with the rest of the world.

His indelible footprints of success as chief executive of United Bank of Africa (UBA), will remain a revered point of reference for ages to come.

Tony Elumelu’s ten-year visionary leadership at UBA positioned the Bank as leading 21st century mega bank in the continent, with over 20 million active customers, 30,000 employees, and 1,000 branches across 20 countries of Africa.

When Americans brag with behemoths like JP Morgan Chase, Bank of America and Europeans pride in leviathans like Barclays, Deutsche Bank AG, Africans glow in the UBA Group—all thanks to Tony O. Elumelu, CFR. The man who created his “tomorrow”.

In 2010, he retired as chief executive officer of the UBA Group and founded Heirs Holdings and The Tony Elumelu Foundation (TEF).

Beyond banking industry, Tony Elumelu has straddled the divide of hospitality industry. His spirit of excellence can be seen in Transcorp Hillton, Abuja, a five-star hotel located at the heart of the Nigeria’s capital, where he has controlling interest.

As the billionaire entrepreneur is graciously cerebrating his 61th birthday, the life of Tony O. Elumelu has become another proof that repeated excellence heralds greatness.

It exudes a purpose driven life anchored on eternal philosophy, that life is not an accident, which implies that for anyone to be great you have to set out for it with laser-focused vision and purpose-driven passion.

Tony O. Elumelu is the father of Africapiltalism—an economic philosophy hedged on optimizing power of capitalism via entrepreneurship to liberate Africa from the shackles and hackles of multidimensional poverty and crass underdevelopment.

Being one of the Forbes’ recognized richest people in Africa, In 2020, he was honoured amongst Times Magazine’s 100 most influential people in the world. Despite achieving giant strides and reaching lofty milestones in life, the Delta-born business guru has never downplayed the place of grace in his meteoric rise to stardom.

On several platforms, with sense of humility and humour, he has narrated how luck—or what can be called favour, mixed with dint of hard work, contributed immensely to his projectile growth from being just a corp member at Union Bank, to emerging as one of the youngest CEOs of commercial banks, to chairing one of the largest banking conglomerates in Africa.

He has asked this philosophical but rhetorical question in one of his public outings: “Am I blessed or am I lucky?”. I will try to answer it. Tony O. Elumelu is both blessed and lucky. Everything about him bespeak blessings. His body language acknowledges biblical expository that the race is not to the swift, nor the battle to the strong but to him God shows mercy.

It takes unparalleled humility and a deep understanding of the role of the supernatural in the affairs of men, for a billionaire who has attained height of success to openly acknowledge the place of luck in his success story. This is one of the great attributes that stands out Tony O. Elumelu.

Despite his hard work and sacrifices to get to his enviable status today, he has always acknowledged that he is a blessed and lucky person. His philanthropic strides and gestures are driven by this belief that he is just a custodian of wealth meant to better humanity.

A school of thought says: “what we have done for ourselves alone dies with us; what we have done for others and the world remains, and is immortal”. This is the ideology that gave birth to Tony Elumelu Foundation (TEF), and transformed Onyemaechi—the founder, from being just a human to a humanitarian.

Tony Elumelu Foundation (TEF), in the last decade has done marvellously well to empower over 16,000 young entrepreneurs across 54 countries in Africa, through training, mentoring and funding them with start-up capital of $5,000 each. In 2015, the Foundation launched an “Entrepreneurship Programme”, a $100 million intervention to empower 10,000 African entrepreneurs over the next ten years. Elumelu’s passion for young entrepreneurs is not only unequalled but contagious. Global bodies like UNDP, UNCDF, AfDB, Red Cross, etcetera, have all identified with the Foundation via partnership.

Tony O. Elumelu, CFR, as an advocate of Africapitalism, and who is fondly called the King of soft life, admonishes that next frontier of Africa’s wealth will be in entrepreneurial quest of her youths. We cannot keep watching African youths risk and waste their lives trying to cross Sahara desert and Mediterranean Sea to search for greener pasture in the developed world.

As he marks another birthday milestone, I choose to celebrate his impactful journey so far on the lives of African youth. There is a school of thought that encourages us to celebrate lives of those who have become exemplary in order to get others in the society to emulate such virtues.

    Nwobodo, a public analyst, writes from Abuja


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Nick Imudia, Ex-Nokia Chief’s Death Not Suicide – Family

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Nick Imudia, better known for his nearly two decades at Nokia, did not commit suicide, according to a statement from his family on Sunday.

Nick Imudia, Ex-Nokia Chief Didn't Die of Suicide - Family

Nick Imudia

The family did not however disclose the cause of his death, but said investigation was still ongoing by the police to ascertain the cause of his death.

The family however said it was unhappy with the unprofessional manner the media had wrongly characterised the reporting of Nick Imudia’s death as suicide.

The family said this was also supported by the Lagos State Commissioner of Police’s office that had vowed to investigate the sudden death of Nick, saying neither did Nick called his brother in America with instructions on how to distribute his wealth, nor placed a call to his daughter with any instructions.

The family queried: “How come the news was reported so hastily (less than 3 hours from his death) before his family members even knew about it – and the medical team was still trying to resuscitate him at the hospital? The Imudia family wonders!”

The statement said Nick never showed any sign of stress and was not diagnosed as depressed at any point, saying the thought of suicide in the manner portrayed and hastily reported by the news media was suspect.

According to the statement, Nick was full of life and that people who worked closely with him or met him in the last hours prior to the incident surrounding his death were shocked with the media attributing his death to ‘suicide’.

The family added that at his prime age and the level of his achievements, people who knew Nick well were all shocked and did not accept the characterisation of his death as suicide.

The statement said members of Nick’s family did request the media and the general public to allow them to grief their loved one without any unfounded rumour of the circumstances surrounding his death.

Nick reportedly killed himself on the night of Tuesday, June 25, by jumping from the balcony of his Lagos apartment.

He was 45 years at the time of his death and was the CEO of D.light, leading innovator in the distribution and financing of residential solar energy solutions and transformational household products

Nick was former regional director for TCL/Alcatel, responsible for Nigeria and Central Africa Operations.

Before joining TCL/Alcatel, Nick was the GM/MD of Nokia (now Microsoft Device and Services) for West and Central Africa, a world leader in Mobility, driving the transformation and growth of the converging Internet and communications industry.

For almost 17 years, he worked in Nokia with different responsibilities in the areas of Sales, marketing, Capability Development, management systems, operational excellence, IT and process management.

He had a stint Konga, Nigeria’s eCommerce powerhouse.

 

 

 

 

 


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NITDA, ACEPHAP, to Leverage Digital Technology in Improving Healthcare Sector

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In its continued effort to implement the presidential priority areas, particularly Focusing on Education, Health and Social Investment by strengthening their capacities through digital innovation and inclusive access to technology, the National Information Technology Development Agency (NITDA) is set to collaborate with the Africa Centre of Excellence for Population Health and Policy (ACEPHAP) in transforming the healthcare delivery in Nigeria through technological innovations.

This was made known when a delegation from the ACEPHAP led by its director, Professor Hadiza Shehu Galadanci visited the DG NITDA, Kashifu Inuwa CCIE at the Corporate Headquarters of the Agency to discuss possible areas of collaboration.

Inuwa outlined a comprehensive plan to leverage technology as an enabler across all critical sectors in Nigeria, with a particular focus on healthcare while emphasising that technology is not a standalone sector but an essential tool that enhances productivity and innovation across all sectors.

While enumerating the Agency’s pillars of its Strategic Roadmap and Action Plan (SRAP 2.0) in creating a thriving digital ecosystem that benefits all sectors, he stated that the administration of President Bola Ahmed Tinubu GCFR has prioritised healthcare by utilising technology to achieve significant development in the sector.

“Healthcare is key to us, and the President is also big and loud on it, so we have crafted our strategic roadmap and action plan which has 8 pillars to achieve significant milestones in the sector,” he noted.

Speaking on the first pillar which is to Foster Digital Literacy and Cultivate Talents, he said that the agency has set an ambitious target of achieving 95% digital literacy by 2030 with a mid-term target of 70% by 2027 and has consequently rolled out the Digital Literacy for All programme which aims to infuse digital skills into the national academic curriculum in collaboration with the Ministry of Education.

He also noted additionally that there are plans to train 3 million Nigerians in high-demand IT skills through various initiatives including partnerships with platforms like Coursera.

“We aim to increase the digital fluency of our citizens. Everyone should be able to use digital devices safely and responsibly as well as to build our proficiency so that we can build our digital offerings in the country,” he added.

Inuwa gave valuable insights on various strategic initiatives the agency has been implementing which the visitors can leverage to create a vibrant healthcare sector in alignment with the other SRAP pillars which are to Build a Robust Technology Research Ecosystem, Strengthen Policy Implementation and Legal Frameworks, Promote Inclusive Access to Digital Infrastructure and Services, Strengthen Cybersecurity and Enhance Digital Trust, Nurture Innovative and Entrepreneurial Ecosystem, Forge Strategic Partnerships and Collaborations and lastly, Cultivate a Vibrant Organisational Culture and an Agile Workforce in NITDA.

While noting that the agency is investing in the research of 6 emerging technologies; AI, IoT, Robotics, UAVs, Blockchain and Additive Manufacturing, he mentioned that the goal is to establish centres of excellence in geopolitical zones to foster innovation and collaboration.

“Based on that, we would do the site readiness assessment for the equipment you need, and you can do it for any or all of the identified emerging technologies with your focus on healthcare,” he stated.

While emphasising the importance of ensuring the privacy of patients’ data, Inuwa averred that “Cyber security is critical to whatever you do because even the patients need to be sure of the integrity, availability and confidentiality of their information because as you digitise, you need to make sure their data are secured.”

He also disclosed that through the Nigeria Startup Act, NITDA has been supporting startups with incentives and resources to foster innovation. He added that the Agency encourages startups to register and benefit from those initiatives to boost their growth and scalability.

Speaking on forging strategic partnerships and collaboration, he hinted that the Agency engages with academia, corporate organisations, entrepreneurs, venture capitalists and government entities to build a cohesive innovation ecosystem.

The NITDA boss added that the multi-stakeholder approach ensures diverse perspectives and resources to contribute to Nigeria’s digital transformation.

While noting that the collaboration betwee is a transformative step in the right direction, Inuwa asserted that adoption of AI tools in enhancing medical research and diagnostics is an innovative approach towards transforming healthcare delivery in Nigeria.

Inuwa mentioned recent collaborations, such as with E-Health Africa, which utilises AI tools like ChatGPT to enhance medical research and diagnostics. This innovative approach is part of a broader strategy to develop local AI-driven solutions that can transform healthcare delivery in Nigeria.

In her earlier remark, Prof. Galadanci expressed optimism about the future while envisioning a long-lasting relationship with NITDA that will drive transformative change in the healthcare sector.

Highlighting the centre’s focus on healthcare entrepreneurship and innovation, she shared success stories from their healthcare entrepreneurship boot camp and pitching event in 2023 where young innovators were identified in Kano and supported with seed grants to further develop their ideas.

The centre’s Director noted that the collaboration would translate research into impactful policies and foster a culture of innovation and entrepreneurship among students, faculty and healthcare professionals.

“We sincerely hope this will be the beginning of a long-lasting relationship and partnership that will translate to the true meaning of the quadruple helix in the quest to address the rights of healthcare challenges through technology, innovation and entrepreneurship in Nigeria and Africa,” she remarked.


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Minister Commends NIPR’ Pact with Global Alliance for the Establishment of a Degree-awarding Academy in Nigeria

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Mohammed Idris, Minister of Information and National Orientation, has applauded the MoU signed between Nigerian Institute of Public Relations and the Global Alliance for Public Relations and Communication Management geared towards establishing a degree-awarding academy for public relations practice in Nigeria.

The minister gave the commendation in a statement released over the weekend and made available to our reporter in Abuja.

According to the statement, “I welcome the Memorandum of Understanding (MOU) signed between the Nigerian Institute of Public Relations and the Global Alliance for Public Relations and Communication Management, to establish a degree-awarding academy for public relations practice in Nigeria.

“I equally welcome the recent election of a Nigerian, Dr. Omoniyi Ibietan, as the Secretary-General of the African Public Relations Association (APRA).

“Also worthy of note is the fact that Public Relations (PR) has now been designated as a cadre in the Federal Civil Service, with effect from December 2023.

“The Information Officer Cadre has been re-designated to ‘Information and Public Relations Officer Cadre’, and the Executive Cadre to ‘Executive Officer (Information and Public Relations)’. The NIPR played a critical role in championing this and deserve commendation”.

The minister further assured that “Nigeria will continue to play a leading role in strengthening and elevating public relations practice at home and across Africa.

“Recently, when I received the President of the African Public Relations Association, Mr. Arik Karani, he commended Nigeria in this regard”.

He said, “[Nigeria] was, for the longest time, the only country in Africa that had a law that professionalized public relations. It was Nigeria that started it on the continent and only last year did Zambia come out with its own law.

“So now we have two countries on the continent, and only now in Kenya, the bill for professionalizing public relations is at the second reading in Parliament.”

The honourable Minister in an encouraging remark, assured that the administration of President Bola Ahmed Tinubu will continue to provide the enabling environment for everybody within Nigeria’s communications industry to thrive.


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