Connect with us

News and Report

Tony Elumelu Promotes Nigeria as top Investment Destination to the French Business Community

Published

8 years ago

on

Serial entrepreneur, philanthropist and promoter of Africaptalism, Tony O. Elumelu on 27 May 2016, delivered an inspiring speech in Paris, France, selling Nigeria as an investment destination to the French business community.

Elumelu, who is the Chairman of Pan-African banking group, United Bank for Africa (UBA) Plc and proprietary investment firm, Heirs Holdings delivered the speech as a guest speaker at the 1st ‘Colloque Nigeria’, a colloquium on doing business and investment in Nigeria, which was organised by the French Senate at the exquisite Palais de Luxembourg in Paris, France.

Speaking at the conference, the Founder of the Tony Elumelu Foundation said that like every part of the world, investors in Nigeria and Africa are faced with a myriad of challenges, but amidst these challenges no other destinations provided more opportunities and return on investment as do Nigeria and Africa. “Nigeria remains a very viable, attractive and important investment and export destination for French companies. As a matter of fact, I would argue that now is a good time to come and invest in Nigeria, because it is an investor’s market. The fundamentals of the Nigerian economy remain strong,” he said.

According to Elumelu, some of the trends supporting long – term growth in Nigeria are the increased use of technology by the Nigerian population, high consumerism, young demographic and increasing urbanization. Whilst encouraging French businesses to come and discover Nigeria, he advised the would – be investors to find the right partner that would help them navigate the environment and stated that they need be committed to invest in Nigeria for the long haul.

“Nigeria has always been a unique country. We are not only the most populous country on the continent of Africa, we are amongst the best educated and most-traveled people in Africa. We Nigerians are well known for our positive outlook and can-do spirit. Even more importantly, we have a strong culture and spirit of entrepreneurship. The smart investor, knows that this is the time to enter our market because the fundamentals of the Nigerian economy remain strong, and where others perceive risk and challenge, the glass is actually half full rather than half empty” Elumelu said.

He asserted that despite the current challenges faced by Nigeria which have been brought about by the sharp drop in commodity prices, the country still offers one of the highest returns on investment on the continent

iting the example of what UBA has been able to achieve in Nigeria, Elumelu said that UBA has operated profitably in Nigeria for the past 70 years and in the last decade, increased its footprint into 18 other countries in Africa as it set up business offices in Paris, New York and London. “UBA is helping to finance major projects in infrastructure, as well as in the agriculture and construction sectors of the African countries in which we operate, most of these being francophone countries. We have continued to open more UBA branches of our subsidiaries and we have become better established in those markets. The second stage of the roll out on the continent begins later this year”.

“The large Nigerian economy plays an important leading role in West Africa and beyond. So when you invest in Nigeria, the benefits spill over to our neighbours in dozens of countries” he continued.

He thanked the investing community for their enthusiasm about investing in Nigeria and he encouraged them to “believe in Nigeria; come to Nigeria; discover Nigeria; invest in Nigeria; help develop Nigeria and prosper with Nigerians; and most importantly, take an Africapitalist approach to entering and investing in Nigeria because what we are looking for are sustainable partnerships that will deliver sustainable development through the private sector going about its normal commercial activities,” he concluded.

Also speaking at the Colloque Nigeria summit, the President of the French Senate, Mr. Gerard Larcher stressed that the summit is strategic to French business interests as Nigeria remains the first destination of French investment in sub Saharan Africa. ” We want to strengthen these privileged links, said the President.

He thanked Mr Elumelu for his sterling contributions to the economic development of the continent, and especially in the area of entrepreneurship where the Tony Elumelu Foundation – through its Tony Elumelu Entrepreneurship Programme – has been engaging in promoting start-up businesses across the continent.

Related Topics:
Continue Reading
Advertisement

News and Report

Tingo AI Unveils the Future: Students Experience Cutting-Edge Robotics Innovation

Published

37 mins ago

on

March 4, 2025

By

 

Tingo AI opened its doors to students of Lagos State Model School College, Meiran for an immersive excursion into the future of robotics and artificial intelligence, showcasing groundbreaking innovations that will define Africa’s technological landscape.

 

Inside our state-of-the-art robotics lab, students watched in awe as small, intelligent machines designed and produced everyday objects from plates and cups to intricate mechanical components all with precision and automation. With just a few commands, these robots crafted items that once took hours to manufacture, proving that the future of AI-powered automation is here.

“Robotics isn’t just about machines, it’s about building Africa’s self-sufficiency in technology and manufacturing,” said Abraham, at Tingo AI. “With the power of AI, we are demonstrating that Africa can design, build, and scale robotic solutions that revolutionize industries, reduce costs, and accelerate production.”

Beyond robotics, Tingo AI is pioneering advancements in AI agent development, automation, and digital transformation, with a fully operational AI-powered radio station that redefines media in the digital age.

Today’s event is only the beginning. Tingo AI is shaping the future, and the world is watching

Stay connected with us @tingoai_ for more groundbreaking innovations and educational experiences.

 

#TingoAI #AIinAfrica #FutureLeaders #ArtificialIntelligence #TechRevolution #DozyMmobuosi #Tingo1025fm #NextGenTech #InnovateAfrica #FutureOfBroadcasting

Continue Reading

News and Report

Tingo AI Radio: The First and Only AI Radio in Africa

Published

1 day ago

on

March 3, 2025

By

 

Tingo AI Radio, Africa’s first and only AI-powered radio station, was thrilled to welcome students from CrystalCliff School at A4 Greenhaven Estate, Alatunse Town, Lagos to an exclusive Tingo AI School Meet and Greet. This groundbreaking initiative aims to introduce young minds to the vast opportunities artificial intelligence offers and how they can be part of this technological revolution.

 

During the visit, students experienced the power of AI-driven broadcasting firsthand through live demonstrations and interactive discussions. Victor Simeon, an enthusiastic student, expressed his amazement: “I had no idea AI could do all this! This visit has inspired me to learn more about technology and maybe even create something that can change the world.”

From live AI broadcasting to cutting-edge automation, these students witnessed the future of media unfold before their eyes. At Tingo AI, we’re not just creating technology—we’re shaping the future. Stay tuned as we continue to lead Africa’s AI revolution!

 

Together, we are shaping Africa’s tech-driven future, and today’s students are the pioneers of tomorrow! #TingoAI #AIInnovation #FutureLeaders #ArtificialIntelligence #TechRevolution

Continue Reading

News and Report

AGII.NG Sets to Revolutionized E-Commerce and Service Delivery in Nigeria 

Published

1 day ago

on

March 3, 2025

By

 

Agii.ng, Nigeria’s premier e-commerce and technology platform with three strategic product directions, Product Sales, Services and Ride, is set to transform how individuals and businesses connect with trusted service providers and vendors nationwide.

 

The platform is designed for efficiency, convenience, and trust, agii.ng simplifies access to skilled artisans, reliable professionals, and reputable manufacturers, all at the click of a button. The Nigeria-oriented cum originated e-commerce’s cutting-edge location technology enables users to find service providers within 10 meters of their location anywhere in the country, ensuring faster response times, reduced costs, and personalized services.

 

This hyperlocal approach translates to faster response times, reduced costs, and personalized services, ensuring customers receive prompt and efficient solutions tailored to their needs. With seamless Google Maps integration, users can quickly locate and navigate to vendors, whether they prefer online transactions or in-person engagements. The platform’s user-friendly design further enhances the experience, allowing effortless searches, comparisons, and selections of the best service providers.

 

UNMATCHED BENEFITS FOR USERS

 

⁠Effortless Discovery: Instantly find reliable service providers nearby; Time & Cost Efficiency: Minimize waiting times and transportation expenses; ⁠Transparent Information: Access vendor profiles, pricing, and reviews for informed decisions. ⁠Ease of Navigation: Pinpoint vendor locations via Google Maps, Safety & Trust: Engage with verified and trusted vendors for a secure experience, Enhanced Brand Exposure: Showcase services to thousands of potential customers, ⁠Cost-Effective Advertising: Market products directly to interested buyers, ⁠Direct Customer Engagement: Provide pricing, service details, and contact options for seamless interactions, ⁠Location-Based Advantage: Leverage Google Maps for increased foot traffic, ⁠Increased Credibility: Gain customer trust by being featured on a reputable platform.

 

The exciting part of the platform is its affordability, you can promote your service for only N 30 naira per day, which amounts to N 900 naira per month, N5,400 naira for six months, and N10,800 naira for one year.

 

WHO CAN USE APP?

 

The platform is designed for sellers and service providers, including drivers, plumbers, electricians, carpenters, cleaners, housekeepers, and various other types of services and skilled professionals. Agii.ng offers vendors a powerful marketing tool to enhance brand visibility, credibility, and customer engagement.

 

Agii.ng’s mission is to bridge the gap between service providers and customers. Its vision is to be Nigeria’s leading e-commerce platform for seamless connections, empowering businesses while enhancing customer experiences with agii. You have just discovered the future of seamless, location-driven e-commerce in Nigeria. Whether you’re searching for a skilled professional or looking to grow your business, agii.ng is your ultimate destination.

Continue Reading

Trending