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Tony Elumelu Foundation Announces New Chief Executive

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Professor Reid E. Whitlock, CEO UBA Foundation
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The board of Trustees of the Tony Elumelu Foundation announces the appointment of Professor Reid E. Whitlock as Chief Executive of the Foundation, commencing February 15.

Professor Whitlock’s appointment follows Dr Wiebe Boer, the inaugural Chief Executive of the Foundation, becoming Director of Strategy at Heirs Holdings, ‎Mr. Elumelu’s pan-African proprietary investment company. 

Founded in 2010 by serial entrepreneur and philanthropist Tony O. Elumelu, the Foundation is Africa’s leading advocate for entrepreneurship, responsible for programmes designed to ensure that entrepreneurs and entrepreneurship become the primary driver of Africa’s economic growth and social transformation.

Professor Whitlock brings thirty years of experience as a business school rector, diplomat, entrepreneur, strategy consultant and advisor to leaders in Africa, Asia and the Middle East on economic development.

He received his Ph.D. and law degree from the Fletcher School of Law and Diplomacy at Tufts University.

He also holds a Masters of Business Administration from Harvard Business School and is a cum laude graduate of Princeton University.

Commenting on Professor Whitlock’s appointment, Founding Patron of the Foundation, Professor Michael Porter said, “Tony’s commitment to African entrepreneurship is unshakeable and I salute his appointment of Professor Whitlock as the CEO of his Foundation.  Professor Whitlock has unique experience in driving competitiveness and entrepreneurship growth in Africa, including in Rwanda that has achieved remarkable progress. I look forward to continuing to support Tony, as he furthers Africa’s revival through the great work of the Tony Elumelu Foundation.”

President Paul Kagame of Rwanda stated “I am delighted to hear of Reid Whitlock’s appointment as the CEO of  Tony’s Foundation. Reid’s work was instrumental in improving Rwanda’s public sector service delivery, competitiveness, and business education. As CEO of the Tony Elumelu Foundation, he now has a unique platform to ensure this work continues across Africa.”

Tony Elumelu, founder and chairman of the Board of Trustees, said, “As Dr. Boer becomes Director of Strategy for Heirs Holdings, I want to thank him for the leadership he has provided, helping transform the Tony Elumelu Foundation from just an idea into a preeminent global philanthropic institution.  I welcome Professor Whitlock, who brings considerable global experience in the private, public, and academic sectors, which will significantly assist in realising the mission of the Tony Elumelu Foundation, in empowering Africa’s next generation of entrepreneurs and driving the continent’s economic and social transformation.”

Speaking on his appointment, Professor Whitlock stated “I am honoured by the opportunity the Board of Trustees has given me. I am excited to join such a dynamic institution, with a truly pan-African focus and an ambitious agenda.  I look forward to leveraging my extensive experience and networks to further help the Foundation achieve its important goals.”

Dr. Whitlock will focus on supervising the Foundation’s four key projects and programmes:

• The $100 million pan-African Tony Elumelu Entrepreneurship Programme – Africa’s largest direct intervention in support of entrepreneurship.

• The Africapitalism Institute, the Foundation’s policy and research arm, which provides a rigorous programme of research and advocacy, in support of the Foundation’s goals.

• The Elumelu Nigeria Empowerment Fund, directly assisting, through private sector strategies, conflict affected and disadvantaged communities across Nigeria.

• The Tony & Awele Elumelu Prize, which champions academic excellence on the African continent.

Professor Whitlock will be supported by the Foundation’s senior leadership team, including:

• Parminder Vir, OBE, the Foundation’s Director of Entrepreneurship, responsible for implementing the Tony Elumelu Entrepreneurship Programme.  Parminder has over thirty years of experience in the creative industries and is the former CEO of PVL Media, a specialist consultancy facilitating cross-border business development in emerging markets. 

• Bob Wheeler, who recently joined as inaugural Dean to lead the establishment of the Tony Elumelu Business School.  Bob has decades of experience in business education, most recently establishing business schools in Pakistan and Kyrgyzstan. 

• David Rice serves as the Director of the Africapitalism Institute.  David is an economist, who led the Milken Institute’s Africa programming, and was also a faculty member at New York University. 

• Abimbola Adebakin, who will be joining as the Director of Operations after a successful career, including working as a consultant with Accenture, and heading the consulting arm of the Financial Institutions Training Centre (FITC), Nigeria.  ‎


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NSE, Indian Firm Donate Design Software to Universities

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Nigerian Society of Engineers (NSE), in collaboration with MIDAS IT, India, have donated engineering software valued at over $15 million to 15 Nigerian Universities.

NSE, Indian Firm Donate Design Software to Universities

MIDAS IT is also conducting a technical workshop to train the universities on the use of the engineering software in designing structures, especially in the area of civil engineering.

Mrs Margaret Oguntala, president of NSE, at the handover ceremony, in Abuja, said the collaboration, which is in line with the Society’s mission, is aimed at training young Engineers who would lead the profession in the future

She advised the benefiting universities to use the software productively and to ensure that the students transition from academic concepts to real-world applications.

“I would like to emphasize that the future of our profession lies in the hands of our young ones. It is our collective duty to guide, support, and inspire them to rise to their full potential.

“Through structured mentorship and active knowledge-sharing, we can equip the next generation to lead the engineering profession with vision, competence, and excellence.

“As the world continues to embrace the Fourth Industrial Revolution, it has become increasingly critical for us as a country to create deliberate pathways for our young innovators to transition from classroom concepts to real-world applications.

“I therefore urge the benefiting universities in this programme to intensify their efforts in closing the gap between academia and industry. By doing so, we will ensure that our engineering graduates are well-prepared to function effectively and confidently in the professional space from the moment they leave the university,” she said.

Minister of Innovation, Science and Technology, who was represented by the Okoro Ikechukwu, director of ICT, said the Ministry would always support any action that strengthens the link between Education, innovation, and industry.

“We are always committed to supporting initiative that strenghtens the linkage between education, innovation, and industry, and of course, to drive our collective vision for a knowledge-based and technology-enabled Nigeria. We are always open for partnerships in this regard,” he said.

Mr Bello Goronyo, minister of State for Works,  said, “I am particularly pleased to see that this handover is accompanied by a Technical Training Workshop. The best software in the world is useless without skilled hands to operate it.

“This crucial step ensures that the knowledge transfer is complete, empowering our lecturers and coordinators to fully integrate these tools into their curricula for maximum impact.

“The Federal Government’s agenda prioritizes quality infrastructure and local content development and is committed to facilitating a fertile ground for collaboration between industry, government, and academia to advance our technological competitiveness.

“Today’s event is a vibrant demonstration of that commitment,” he said.

Naga Ravi Anne, managing director, Africa and UAE Region of MIDAS IT, emphasised the importance of providing the right tools that would facilitate training for children.

He added that this first stage of donation is focused on supporting civil engineering and that they would consider providing software for mechanical engineering in the next stage.

Abdulrahman Salawu, Vice Chancellor of Confluence University of Science and Technology, on behalf of the 15 universities, promised to use the software effectively, adding that the universities would work towards developing their own software.

 


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New Science Minister Charts Roadmap for Innovation, National Development

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Kingsley Tochukwu Udeh, Nigeria’s newly appointed minister of Innovation, Science and Technology, has pledged to reposition the ministry as a catalyst for national development through a renewed focus on innovation, research, and technology-driven solutions.

Speaking at a leadership strategic meeting with directors and heads of agencies under the ministry in Abuja on Friday, Udeh said the session was convened to chart a 12-month strategic plan aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“We have identified the key things that we, as an ecosystem — the ministry and its agencies — want to achieve in the next 12 months in line with the Renewed Hope Agenda,” Udeh said.

“We understand the importance of our mandate. If we are to rise to become one of the leading nations of the world, we must take innovation, science and technology seriously — and we have resolved to do exactly that.”

Udeh emphasised that science, technology and innovation (STI) are central to Nigeria’s transformation, not only in economic growth but also in addressing challenges such as insecurity, unemployment, and underdevelopment.

“It will be innovation, science and technology that provide solutions to advance our progress and development — that even tackle the hard-headed monster of insurgency and terrorism,” he stated.

The minister said the meeting produced a set of “quick wins” that would begin to show visible impact from next week. He also underscored the need for synergy and teamwork among all agencies under the ministry to deliver measurable results.

“We have agreed as a leadership that we will work as a team, identify quick wins, and begin to make remarkable impacts immediately. What will make us relevant is the impact we make in the lives of Nigerians,” Udeh added.

Udeh, who was confirmed by the Senate in November 2025 following his nomination by President Tinubu, replaces Uche Geoffrey Nnaji, who resigned in October.

The meeting concluded with a pledge of unity among the ministry’s leadership and a commitment to ensuring that Nigeria’s innovation and technology ecosystem drives inclusive national progress.


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Senate Committee Says $300Bn Lost to Oil Theft

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Pic Credit: mikeozekhomeschambers
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The Senate ad hoc committee investigating persistent crude oil theft in the Niger Delta has disclosed that a forensic audit conducted by independent consultants revealed that suspected oil thieves stole more than $300 billion worth of oil, which ought to have been Nigeria’s proceeds from crude oil sales.

Senate Committee Says $300Bn Lost to Oil Theft

Senator Ned Nwoko, chairman of the committee  made the disclosure this while presenting an interim report of the committee during Wednesday’s plenary, adding that the findings were based on a forensic review conducted by consultants engaged by the committee.

The Senator representing Delta North Senatorial District explained that the stolen funds were traced to both local and international transactions, however, requested that the committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally

“The ad hoc committee should be given the mandate to track, trace, and recover all proceeds of stolen crude oil both locally and internationally, as forensic review by the consultant shows over $22 billion, $81 billion, and $200 billion remains unaccounted,” he said.

Nwoko who did not disclosed identity of the consultants, stated that the period covered by the forensic report, the identities of the suspected perpetrators and the companies allegedly involved.

The federal lawmaker, however, pointed out that the report was interim, suggesting that more findings would be made public in the committee’s final submission, adding that the committee recommended that the Nigerian government establish a special court dedicated to prosecuting oil-related offences and offenders appropriately.

 

 

 

 


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