Beneficiaries receive $5,000 each as Tony Elumelu Foundation announces 2024 cohort

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He said that the selection process was conducted by the globally renowned accounting firm, Ernst & Young. “We believe in spreading luck, we believe in democratizing luck, we believe in prosperity, and we think that the easiest way to spread prosperity in Africa is by identifying our young ones, encouraging them and helping them to start their own businesses. This is why we have done this.

“We are happy to see our young ones progressing. We are happy that what we started alone as the Tony Elumelu Foundation will have been able to identify and partner with other global institutions. So, today is a day of impact, a day of gratitude, and most importantly, a day of reflection for me because God has been kind in so many ways.

“Even if 40 to 50 per cent of our beneficiaries succeed, let us through them help to eradicate poverty, but more importantly, show others, because we are trying to crowd in others into this space of entrepreneurship, we are trying to encourage other successful Africans and global institutions and citizens that in the 21st century, there is a better way to develop Africa than just aid.”

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