The Elumelu Nigeria Empowerment Fund was established with a vision to transform communities devastated by natural disasters, hazards, and conflicts into thriving and economically sustainable communities. In this article, we delve into the story of the Elumelu Nigeria Empowerment Fund and its journey towards empowering the lives of many in need.
Inception and Purpose:
The Elumelu Nigeria Empowerment Fund was born in July 2014, following a generous donation of N2.5 billion from The Tony Elumelu Foundation and Heirs Holdings companies. The fund was officially announced during the Presidential Fundraising Dinner for the Victims Support Fund. Its primary objective was to create opportunities and empower people in communities heavily affected by disasters and conflicts.
The fund’s efforts were concentrated on communities in the Niger Delta and Plateau state in Nigeria, regions that faced significant challenges due to natural calamities and unrest. These regions were in dire need of support to rebuild their lives and businesses, fostering a sense of resilience and hope for a brighter future.
Long-term Economic Empowerment:
The Fund was created to support a range of initiatives in these communities, including projects that tackled environmental issues, restored damaged infrastructure as well as social welfare projects. By helping to restore these communities the Fund created the platform for a thriving entrepreneurial environment within these regions.
Aligning with the Tony Elumelu Foundation’s core values, the Elumelu Nigeria Empowerment Fund placed significant emphasis on promoting entrepreneurship. By empowering individuals with the knowledge, skills, and resources to establish and grow their businesses, the fund aimed to create a positive and lasting impact on the communities it served.
Transition to the Tony Elumelu Foundation Entrepreneurship Programme:
The success of the Elumelu Nigeria Empowerment Fund paved the way for a more focused and comprehensive approach. In 2015, the fund was made nonoperational to make way for the Tony Elumelu Foundation Entrepreneurship Programme. This new initiative is enabling aspiring entrepreneurs across Africa to access training, mentorship, funding, and other essential resources to build and scale their businesses.