Stella Dimoko Tony Elumelu Asks Japan To Invest In Africa's Young And Budding Entrepremeurs


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Friday, August 30, 2019

Tony Elumelu Asks Japan To Invest In Africa's Young And Budding Entrepremeurs

Nigerian billionaire, Tony Elumelu,an investor and philanthropist, on Thursday August 29,2019  while delivering the keynote address at the seventh Tokyo International Conference on African Development (TICAD) in Yokohama, Japan,asked Japan to invest $2.5 billion on young and budding entrepreneurs in Nigeria and other African countries.

He said

 “At TICAD 2016 in Kenya, Japan pledged $30 billion for Africa. This year you have generously increased this to $50 billion.
If we invested just five per cent in Africa’s new generation of entrepreneurs, following a proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch 500,000 lives in Nigeria and across other African countries, broadening markets, facilitating job creation, improving income per capita, and laying the key foundation for political and economic stability.”

Elumelu expressed his vision of a relationship between Japan and Africa, which prioritises economic and shared prosperity.

He outlined the three key pillars of a bold and transformative structure viz; investment in infrastructure, partnership with the African private sector, and investment in Africa’s youth.

He urged Japan to learn from the example of the Tony Elumelu Foundation, which champions empowering African entrepreneurs, as the most sustainable means of accelerating the development of Africa.


  1. This kind time that advanced countries are scared of the name Nigeria.

    1. People who matter to us economically can’t be scared of Nigeria. What has Nigeria done that is so unheard of? So many countries are also known for some ignoble things as well, but still life goes on. Investors still invest and earn big returns.
      See, these wire frauds have been bad for our reputation, but that doesn’t affect foreign investment as much, remember, AS MUCH AS government corruption. Corruption in government and by extension in sensitive parastatals like customs and co are the bane of foreign and local investment in Nigeria. They make doing business in Nigeria soo difficult and so expensive!

  2. Whenever I hear of "nigerian billionaire", my question always is, "how did he make those billions?"
    Unlike in Western countries, you can't trace the ORIGINS of the billions of 'Nigerian billionaires".
    they will always tell fine stories of how they invested and bought half of the banks. So the money
    for this investments came down from where?
    This is why those countries will not invest in Nigeria and Nigerians.

  3. exactly and he's also looking for a way to enrich himself more


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