60 entrepreneurs gather for Tony Elumelu at 60

Tony Elumelu

Sixty young entrepreneurs have gathered at a symposium to celebrate the achievements of the banker, economist, and philanthropist Tony Elumelu on his 60th birthday.

The symposium tagged ‘60 for 60’ will be streamed here.

The 60 entrepreneurs present on Wednesday at the symposium are those who have benefited from Mr Elumelu’s philanthropy.

Elumelu is the chairman of the United Bank for Africa (UBA), which operates in 20 countries across Africa, the United Kingdom, France, and the UAE, and is the only African bank with a commercial deposit-taking presence in the United States. UBA provides corporate, commercial, SME and consumer banking services to more than 35 million customers globally. He also chairs Nigeria’s largest quoted conglomerate, Transcorp, whose subsidiaries include Transcorp Power, one of the leading producers of electricity in Nigeria and Transcorp Hotels Plc, Nigeria’s foremost hospitality brand.

He is the founder and chairman of Heirs Oil and Gas, an upstream oil and gas company, whose assets include Nigerian oil block OML17, with a current production capacity of 50,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, with an additional 1 billion barrels of oil equivalent resources of further exploration potential. Heirs Oil and Gas is committed to creating resource-based added value on the African continent.

In 2010, he created The Tony Elumelu Foundation (TEF), the leading philanthropy empowering a new generation of African entrepreneurs, catalysing economic growth, driving poverty eradication and driving job creation across all 54 African countries. Since its inception, the foundation’s flagship programme has identified and catalysed nearly 16,000 entrepreneurs and created a digital ecosystem of over one million Africans, as part of a 10-year $100m commitment to fund, mentor and train young Africans.