The article below is an excerpt taken from University of Cambridge Judge Business School‘s article
Some Nigerian philanthropists have invested in management training, showing that this is already underway. For instance, Tony Elumelu, philanthropist and founder of his own foundation, is doing just that through his entrepreneurship programme. His philanthropy comes out of Africapitalism – a philosophy that stresses the private sector’s transformation of Africa through investment. And showing that leadership involves community responsibility, as well as wealth-generation, Aliko Dangote – Africa’s richest man – is in partnership with the Bill and Melinda Gates Foundation to eradicate polio in northern Nigeria.
What about the experience of the many multinationals that are based in Nigeria? Where are they finding their senior teams? Stiles says there is a drive from various multinationals to make better use of local workforces, who will better understand the continent’s needs, rather than simply jetting in expats. “It is in their interests, given that some multinationals are not perceived as having the best of images. It is imperative they develop local talent if they want to have a legacy in the country.”
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