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The apple does not fall far from its tree is a popular saying that rings true in the career and life of serial entrepreneur and turnaround champion, Tony Onyemaechi Elumelu, whose life as a businessman and career philanthropist mirrors that of his mother, aOn Mother’s Day, less than two weeks ago, Elumelu took to his LinkedIn page to pay tribute to his mother, to whom, he said he owes his instincts for business successes.
One of those who knew the Elumelu family in the days of yore told of how she gave everybody around her access to water during periods of scarcity. “Growing up in Onitcha Uku, the only person who flung her door open for everyone to fetch water during harmattan, the thick of scarcity of water was Mama Elumelu. So, when I tell people that Tony O. Elumelu didn’t become philanthropic because he is rich, rather, he became rich from being philanthropic, a lot seem to wonder.
Records indicate that since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on digital skills. There has also been a disbursement of close to USD$100 million in direct funding to more than 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs across the continent. The impacts made by the Foundation have not gone without being noticed.
The gift of money may make the headlines and draw attention, but this is not where Tony sets his limits. In the realm of mentorship, the maverick investor is also unrivalled. Inside that can pass for the Tony Elumelu Alumni Association are men and women whom he nurtured in enterprise and management and whom he rewarded with prime positions for understanding and living a life of excellence.
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