Chairman of Dangote Group Aliko Dangote has described chairman of UBA Group and Transcorp Tony Elumelu as a man who hardly backs down, among other qualities.
Mr Dangote stated this in an article published in a commemorative edition of TIME magazine for it annual list of 100 most influential people in the world.
Mr Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
In extolling Mr Elumelu’s qualities, Dangote said his inclusion in the TIME list is well deserved.
“A mere handshake says a lot about Tony Elumelu. His gritty grip underlines his charming, tenacious personality: a man who hardly backs down from any challenge,” Dangote said.
“The same engaging qualities have propelled him from a modest beginning in Nigeria to becoming chair of the United Bank of Africa, and one of the most innovative and ambitious business leaders of his generation.
“He is a leading proponent of ‘Africapitalism,’ a belief that Africa’s private sector can and must play a leading role in the continent’s development through long-term investments, as well as entrepreneurship and regional connectivity.
“After deepening the financial market in Africa, he has found an equally important niche: giving a voice of hope to millions of youths across Africa. Tony has harnessed Africa’s youth bulge to catalyze development and protect the future, committing to investing $5,000 each in 1,000 young entrepreneurs per year across 54 countries in Africa. Having come so far, Tony still forges on, striking a fine balance between personal satisfaction and societal impact.”