Gov Okowa & Tony Elumelu

Businessmen and women in Delta state will soon rejoice because a favourable source of funding and support for their businesses is in the offing. An indigene of their state is coming to their aid with the launching of an entrepreneurial programme that will see thousands of entrepreneurs gain access to cheap funds and loans.

The entrepreneur is the Chairman of United Bank for Africa UBA as well as the President of the Tony Elumelu Foundation TEF Mr. Tony Elumelu. Revealing his vision for the teeming unemployed youths in the state, Elumelu said he is setting up an N500 million fund to support entrepreneurial programme in the Delta state.

According to Elumelu, the programme which will be in collaboration with the state government will focus on youth empowerment, training and acquisition of skills, mentoring and extension services to small and medium scale farmers.

The businessman made the declaration when he paid a courtesy visit to the Delta state governor Ifeanyi Okowa in Government House, Asaba. Speaking during the occasion he pledged to work with the state governor’s office towards putting in place the entrepreneurial programme to support Delta state youths.

Tony Elumelu

He subsequently presented fifty (50) beneficiaries of the Tony Elumelu Foundation TEF Entrepreneurial Programme on behalf of his Parent company Heirs Holdings who are indigenes of Delta state.

Speaking during the occasion Elumelu extolled the virtue of the state governor Ifeanyi Okowa especially in respect of youth development and empowerment and confessed that his achievements as a governor have made him proud to come from Delta state.

“Indeed hearing about your commitments to our youths and the impressive work you have done in our state I am proud to call you my governor and it makes me even more proud of my state,” said Elumelu

The Tony Elumelu Foundation was established in 2015 with the main objective and vision of empowering 10,000 African entrepreneurs, create a million jobs and add $10 billion to the African economies within a ten year period of investing $100 million.