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Dangote eulogises Elumelu over enlistment in 2020 ‘TIME 100’

...Says, he strikes fine balance between personal satisfaction, societal impact

Eulogies have continued to come the way of Tony Elumelu, who was recently named among the 100 most influential people of 2020 in “TIME 100”.

In his commendation for the feat, Aliko Dangote, president, Dangote Industries Limited, in a flowery prose contained in statement he personally signed, noted that the Chairman of the United Bank for Africa had achieved everything he set his hands on to.

“A mere handshake says a lot about Tony Elumelu,” Dangote began.
“His gritty grip underlines his charming, tenacious personality: a man who hardly backs down from any challenge. 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 noted.

He further said that Elumelu “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.”

The business magnate recalled that “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 catalyse development and protect the future, committing to investing $5,000 each in 1,000 young entrepreneurs per year across 54 countries in Africa.”

According to him, “Having come so far, Tony still forges on, striking a fine balance between personal satisfaction and societal impact.”

Recall that Elumelu was recently named in “TIME 100” list of the 100 most influential people in the world 2020.

He is one of Africa’s leading investors and philanthropists in 2020 TIME 100, the annual list of the 100 most influential people in the world.

Elumelu is the founder and chairman of Heirs Holdings, his family-owned investment company committed to improving lives and transforming Africa.

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