President Muhammadu Buhari has commended the Chairman of United Bank for Africa (UBA), Tony Elumelu, over his listing among Time Magazine’s 100 Most Influential People of 2020.
President Buhari, in a statement on Wednesday by his Special Adviser on Media & Publicity, Femi Adesina, lauded Elumelu’s vision of “Africapitalism”.
He noted that Elumelu’s Africapitalism encourages Africa’s private sector to play a leading role in the continent’s development through long-term investments, entrepreneurship, and regional connectivity.
The president said, “Elumelu’s commitment to the development of African youths, whom he has given a voice and empowerment, investing $5,000 in 1,000 young entrepreneurs per year across 54 countries, pedestals him as a visionary, with milk of human kindness, ‘and such, among others, must have qualified him for the Time Hall of Fame.’
“The President wishes Elumelu greater successes on all fronts, and recommends his strides to other high net worth people.”
Time Magazine had on Wednesday names Elumelu among its ‘100 Most Influential People 2020′.
Two other Nigerians, Tunji Funsho, an accomplished physician and Tomi Adeyemi, a bestselling novelist and creative writing coach, were among the four Africans listed by the TIME Magazine’s ‘100 Most Influential People 2020′.
The 100 Most Influential People list, which is in its 17th year, recognizes the activism, innovation and achievement of the world’s most influential individuals.
In his remarks, Africa’s richest man and the President of Dangote Industries Ltd, Aliko Dangote, described Elumelu as a leading proponent of “Africapitalism,” a belief that Africa’s private sector can and must play a leading role in the continent’s development through long-term investments, as well as entrepreneurship and regional connectivity.”
Elumelu is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
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