Q&A: Tony Elumelu Foundation’s grand expansion plans

Ifeyinwa Ugochukwu, CEO at the Tony Elumelu Foundation. Photo by: Tony Elumelu Foundation

BRUSSELS — The Tony Elumelu Foundation visited the European Union’s de facto capital last week in search of new partners.

Launched in 2015, the Nigerian businessman’s entrepreneurship program is backed by a $100 million commitment, initially designed to support 10,000 entrepreneurs from all 54 African countries over 10 years, with the aim of creating 1 million jobs. Now, Elumelu said at the event his foundation hosted in Brussels: “We would like to reach 10,000 [entrepreneurs] a year, with support from partners to empower additional entrepreneurs.”

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About the author

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    Vince Chadwick

    Vince Chadwick is the Brussels Correspondent for Devex. He covers the EU institutions, member states, and European civil society. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before moving to Europe in 2013. He covered breaking news, the arts and public policy across the continent, including as a reporter and editor at POLITICO Europe.