To maximise the benefits of their generosity, wealthy Nigerians need to be more strategic in their giving, to create a bigger impact and leave a lasting legacy.
This was the view of the Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, at the inaugural Nigeria Philanthropy Summit which she co-hosted with the Tony Elumelu Foundation. The summit was attended by high net-worth individuals (HNIs) from around the world who were there to discuss philanthropy as a strategic tool for sustainable development.
Guests included Christopher Chandler, CEO, Legatum Group; Jane Wales, President and CEO, Global Philanthropy Forum; Cosmos Maduka, President and CEO, Coscharis Motors; and Uche Orji, CEO, Sovereign Wealth Fund.
The summit, which took place at the Transcorp Hilton Hotel in Abuja, is the first of its kind to be organised in Nigeria, highlighting the rising importance of philanthropic engagement that creates effective long term solutions to social issues.