Tony Elumelu emphasizes on PPP for Economic Development of Africa

During the Africa Now conference, Founder of the Tony Elumelu Foundation (TEF) Tony Elumelu has emphasized the need for public-private sector partnership (PPP) to drive sustainable development and to prioritize the future of the African continent.

Elumelu said, “The leaders we need in Africa today, are leaders who genuinely care about humanity. We need leaders who are driven by an ambition to leave society better than they met it. We need leaders who understand and care about creating a positive legacy. We need leaders who are genuinely committed and care about the future of Africa.”

He stated, “Leadership should not be about directing blame, leadership is not about absolving responsibility. Leadership is the catalyst for positive change. We need to take collective responsibility for our own future – as I have often said, no one is going to do it but ourselves – whether we are in the public or private sectors.”

Elumelu also said, “This is the philosophy of Africapitalism, which is a call on the private sector to play its role, the leading role in securing our continent’s destiny – and achieving it by creating both social and economic wealth.”

While speaking on the concept of shared prosperity, Elumelu stated that the Tony Elumelu Foundation’s entrepreneurship programme was a robust mechanism to empower Africa’s entrepreneurs, with the goal of delivering efficiently and effectively wealth creation directly into local communities.

Reiterating the importance of entrepreneurship in unleashing the continent’s true potential, Elumelu called on partners, and charged private sector leaders to focus on inclusive wealth.