Nigerian billionaire gets new appointment to IMF advisory council

• Nigeria's billionaire, Tony Elumelu, has received an assignment to the International Monetary Fund (IMF) advisory council
• This places Tony Elumelu successful the aforesaid assembly arsenic planetary concern leaders, academics and satellite leaders who volition beryllium recommending argumentation changes
• The Tony Elumelu Foundation precocious announced the 2025 cohort of its entrepreneurship programme, with beneficiaries crossed Africa

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

Nigerian billionaire and president of the United Bank for Africa (UBA) Group, Tony Elumelu, has received a caller assignment from the International Monetary Fund (IMF).

Elumelu volition present service connected the advisory assembly connected entrepreneurship and growth, convened by Kristalina Georgieva, IMF managing director.

The assignment was made nationalist connected Friday, March 28, 2025, 2 days aft the inaugural gathering was convened.

Tony Elumelu volition enactment with different concern leaders, and satellite leaders and economists to place entrepreneurial challenges successful Africa. Photo credit: Contributor
Source: UGC

Elumelu, others to service connected IMF advisory council

While serving connected the IMF advisory council, Elumelu volition enactment with different planetary concern leaders, policymakers, and academics to place and proffer solutions to regulatory barriers to entrepreneurship successful antithetic parts of the world.

The assembly volition besides marque cardinal argumentation recommendations to amended assets allocation, promote innovations, and trigger sustainable economical growth, driven by the backstage sector, the CABLE reports.

The connection described Tony Elumelu arsenic Africa's starring advocate of entrepreneurship, recognising the fig of youths mentored, funded, and trained by the Tony Elumelu Foundation successful the past decade.

It added that the Group president of Heirs Holding would play an important relation successful ensuring that Africa’s entrepreneurial imaginable remains a cardinal information successful the making of planetary economical policies.

It reads;

“A self-made entrepreneur, Elumelu’s embracing of entrepreneurship is cardinal to his conception of Africapitalism, his content that Africa’s backstage assemblage tin and indispensable play a starring relation successful the continent’s development, making semipermanent investments, that present societal and economical value."

Other members of the assembly

The advisory assembly connected entrepreneurship includes members specified arsenic Natarajan Chandrasekaran, president of Tata Group; Robert Smith, founder, president and CEO of Vista Equity Partners; Margherita Della Valle, main enforcement of Vodafone Group; and Federico Sturzenegger, Argentine curate of deregulation and authorities transformation.

Also serving connected the assembly are Ufuk Akcigit, Harberger prof of economics astatine the University of Chicago; Marc Benioff, chair, CEO, and co-founder of Salesforce; Reema Bandar Al-Saud, Saudi ambassador to the United States; and Ana Botín, enforcement seat astatine Banco Santander.

Over the past decade, the Tony Elumelu Foundation has identified, mentored and funded promising entrepreneurs successful Africa. Photo credit: Pius Utomi Ekpei
Source: Getty Images

Speaking astatine the inaugural meeting, Georgieva noted that each subordinate connected the assembly volition lend views, experiences and expertise to make a planetary situation that supports innovation, productivity and entrepreneurship, and makes for beardown economical maturation driven by a thriving backstage sector.

Tony Elumelu calls for concern successful Africa

In related news, Chairman of Heirs Holding, Tony Elumelu, precocious urged investors to pat into Africa’s $450 cardinal economical maturation target.

Elumelu urged overseas partners to halt giving assistance to Africa, noting that specified gestures volition not assistance the continent turn to its afloat potential.

He listed that what Africa genuinely needs to trigger economical maturation is key investments into captious sectors of the economy.

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Source: Legit.ng