Wednesday, 27 March 2013

Nigeria: Finance - Elumelu, Task FG to Support Entrepreneurs to Grow Economy

Tony Elumelu
The Federal Government has been advised to support entrepreneurs by providing them with adequate funding and create an enabling environment that will boost their businesses and in turn grow the economy.

Tony Elumelu, the philanthropic entrepreneur whose self-named foundation has been promoting business excellence and leadership across the continent for the last three years said, Nigeria's entrepreneurs should be firmly encouraged to continue making sustainable investments in the local economy, as this will form a new approach toward building competitive industries in +Africa.

In fulfilment of its mandate to promote entrepreneurship and competitiveness throughout Africa, The Tony Elumelu Foundation hosted its Founding Patron, the world's foremost expert on business strategy and competitiveness, Professor Michael Porter, at a series of lectures and events intended to inspire and improve business leaders from around the country.

"We are committed to developing the future leaders of industry in Africa," said Elumelu. At a lecture delivered at The Tony +Elumelu Foundation offices in Ikoyi, Michael Porter, who was described by the Times of London as the world's "most influential management guru" and is widely regarded as the foremost authority on company and country competitiveness, spoke on competitive strategy, addressing entrepreneurs and business leaders on how best to sustain market advantage.

Porter also met with the members of the recently-inaugurated National Competitiveness Council of Nigeria (NCCN), which is chaired by the Minister for Trade and Investment, Olusegun Aganga, to deliver a timely lecture on how to improve the productivity and competitiveness of the Nigerian business environment, which is experiencing a lot of activity under the transformation agenda. Improved performance in this area, he said, will help Nigeria's private sector become more productive and competitive.

At the weekend, the Tony Elumelu Foundation and US-based AllWorld Network, which ranks dynamic fast-growth private companies globally, hosted the inaugural Nigeria50 Awards, at Eko Hotel & Suites in Lagos, to honour 50 of Nigeria's most innovative and fastest growing companies. The winning entrepreneurs have diverse professional backgrounds and run companies in energy, IT, agriculture, management consulting, financial services, logistics, medical practice and more.

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