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Be Inspired by the story of Tony Elumelu: The sales boy turned billionaire

Published

6 years ago

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Tony Onyemaechi Elumelu is a Nigerian economist, entrepreneur, and philanthropist. He is the chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation.

According to him, below is a brief story of his success on how he rose from the being a poor and hungry salesman to a business mogul and a billionaire as a result of hard work and luck.

In business, the role luck plays in success and personal achievement is rarely discussed. If luck is mentioned, it is done with slight condescension, and usually dismissed as a product of hard work, not deserving significant attention. While hard work is paramount – and I have written extensively about the importance of working hard – history and my own experiences show that there is often a large element of success that hard work alone can not explain. It is simply not true that “you make your own luck.”

I started my career as a salesman, a copier salesman to be specific, young, hungry, and hardworking, but the reality was that I was just one of the thousands of young Nigerian graduates, all eager to succeed. How did I get from there to where I am now? Of course, hard work, resilience, a long-term vision – but also luck.

A year after earning a Master’s degree in Economics from the University of Lagos, I applied to join a new generation bank, Allstates Trust Bank. The bank’s one-page newspaper advertisement demanded a minimum of a Second Class Upper result, but I applied regardless, submitting a cover letter and filled out application with my Second Class Lower Economics result.

By a stroke of luck, my application was reviewed by the Chairman/CEO, a painstaking man who carefully read my cover letter and was drawn to the confidence in my words. “I know I may not have met the qualifying criteria for the advertised roles, but I am intelligent, driven, ambitious and I will make the bank proud. My Second Class Lower result does not demonstrate the full extent of my intelligence and ability, and I know I can do so much more.” He read those words and took a chance on me. Though “unqualified”, he decided to throw me a lifeline, an opportunity.

I was invited to join the shortlist, followed by a long series of interviews and even more tests. At the end of a very rigorous process, I received good news – I had a place as an entry-level analyst. Even now, I wonder: What if the Founder had not personally gone through my application? What if my application was rejected at the very beginning? What if I never got the opportunity to work at Allstates Trust Bank?

The story continues: Within 12 months at the bank, aged 27, I went from analyst to branch manager – the youngest ever bank branch manager at the time. I was hard working, energetic, creative and prioritised getting things done, but it was also good fortune that my bosses Toyin Akin-Johnson and Ebitimi Banigo took notice, and then, believed in me. They took a chance on me by appointing me as branch manager after an incredibly short time in the bank. They recognised in me the raw materials needed to make a good leader and were prepared to invest in me and my ability. My rise to Branch Manager within a short period is a great story but I know in my heart, I was lucky, as well as deserving.

This position of branch manager was a solid platform which launched me into several top leadership roles. When we, a small group of hungry, determined, young outsiders, took over struggling Crystal Bank, it was as a direct result of the preparedness and exposure that we received early from our superiors and mentors. Without the intervention and goodwill of these people in my career, I would not have been prepared to take on far greater roles. These learning opportunities laid the pathway to future achievements. To put simply, I was lucky enough to be identified and trusted so early on in my career, and this put me on a unique road to success. I keep this in mind – it is humbling and also drives much of what I do today.

When I left UBA as Chief Executive Officer (CEO) in 2010 to pursue other interests, I made a vow that through the Tony Elumelu Foundation, I would “institutionalise” luck and democratise access to opportunities for young Africans. I promised to leverage the success I have enjoyed, to spread luck and hope, provide opportunities and to empower the next generation of African entrepreneurs to succeed. Without luck in my early career, I would not be the man that I am today. I am a leader and philanthropist today because I encountered people who gave me a chance early in my career. It has been a lifetime goal to pay this forward in a transformative and impactful way.

Over the past three decades I have spent as a banker, investor, and turnaround expert, I have had the opportunity to meet thousands of entrepreneurs, like me. Many of them are young people with incredible dreams and business ideas but without the experience or access to mentoring and support required to build successful businesses. But most importantly, they have not yet been exposed to the right opportunity.

Our entrepreneurs are hard at work across the continent, identifying gaps in the market for specific products and services, and bridging these gaps with their innovation and ingenuity. Yet, many of these budding entrepreneurs often lack the capital, the networks, the training, the support to take their small business to national or regional scale. All they need is a helping hand, some luck, someone to believe in them and take a chance on them.

This is what the Tony Elumelu Foundation offers: a platform that empowers African entrepreneurs with opportunities ranging from business management training to mentoring, to funding to networking – championing their cause and giving them a global voice to actualise their ambitions. This is precisely why I launched the USD$100 million Tony Elumelu Foundation Entrepreneurship Programme to empower the next generation of African entrepreneurs. Indeed, their businesses may become the next UBAs (United Bank for Africa).

So, when I am asked, “Tony, why are you and your family doing this? What is in it for you?” I smile and recount my own story of luck. Luck is real, it is powerful, and I am committed to spreading it as far as I can. I am a beneficiary of luck, and I am passionate about sharing it across the continent, to all 54 countries.

Source: Gist Habit

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Events

Hamzat, Abiru To Speak on Impactful Empowerment For Nigerians At TheGazelleNews Annual Public Lecture

Published

2 weeks ago

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November 11, 2024

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TheGazelleNews

TheGazelleNews, a leading online newspaper, is set to host its much-anticipated annual public lecture on Thursday, December 5, 2024, at the Radisson Blu Hotel, Isaac John Street, GRA, Ikeja, Lagos.

This year’s lecture will focus on a topic of crucial national importance: “Poverty Alleviation: Fantasies, Expectations, and Realities of People’s Empowerment.”

The event will convene distinguished speakers, thought leaders, and government officials to address the challenges and practical solutions surrounding poverty reduction and empowerment in Nigeria.

It will feature Dr. Kadri Obafemi Hamzat, Deputy Governor of Lagos State, as the Guest Speaker, who is expected to bring a wealth of experience in governance and infrastructure development to the discourse. As the Keynote Speaker, Senator Mukhail Adetokunbo Abiru, a renowned legislator and financial expert, will share valuable insights into policy-driven approaches for sustainable poverty alleviation.

A dynamic panel discussion will follow, featuring prominent personalities: Engineer (Dr.) Adekunle Olayinka, FNSE – Special Adviser on Works to the Lagos State Government; Ms. Abisola Olusanya – Commissioner for Agriculture and Food Systems, Lagos State, who will provide perspectives on the agricultural sector’s role in empowering communities; Comrade Tosin Adeyanju – Executive Secretary of the National Lottery Trust Fund (NLTF), focusing on community development through structured funding and Honorable Rasaq Ajala – Executive Chairman, Odi-Olowo/Ojuwoye LCDA, who will be contributing insights on local government initiatives.

Goodwill messages will be delivered by: the Senate Leader, Senator Micheal Opeyemi Bamidele; the Chairman of the Senate Committee on Environment, Senator Yunus Abiodun Akintunde; the Chairman of Winners Golden Group, Honourable Idowu Osuolale Obasa; and the Special Adviser to the President on Public Communications and National Orientation, Chief Sunday Dare.

The event will be graced by prominent personalities in government and public service, with Nigeria First Lady, Senator Oluremi Tinubu, CON, serving as the Special Guest of Honour; Senate President, Senator Godswill Akpabio as the Chairman of the occasion and the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, will be the Chief Host.

The Father of the Day is seasoned politician noted for his connection with the people especially at the grassroots level, Senator Ganiyu Olanrewaju Solomon (GOS), and Mother of the Day, Her Excellency Princess Adejoke Orelope-Adefulire, reflecting her longstanding commitment to social empowerment and women’s issues and of course her role as the Senior Special Assistant to the President on Sustainable Development Goals.

In a celebration of excellence and dedication to public service, TheGazelleNews will present its prestigious Lifetime Achievement Award to Prince Tajudeen Oluyole Olusi, Chairman of the Lagos State Governance Advisory Council (GAC).

A highly respected political figure and royal prince from the Akinsemoyin ruling house of Lagos, Prince Olusi has made impactful contributions as a former Lagos City Councilor, House of Representatives member in the Second Republic, and Commissioner in Lagos State. His award highlights a career marked by unwavering dedication to Lagos and its citizens.

The day’s proceedings will be hosted by the dynamic compère duo, Gbenga Adeyinka and Feyikemi Niyi-Olayinka, who promise to guide the audience through an engaging and memorable event.

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GR Diary

AfriTECH 4.0: Maida, Inuwa, Adeyanju, Alakija, others Unveiled as Speakers

Published

3 weeks ago

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November 1, 2024

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AfriTECH 4.0 Speakers
AfriTECH 4.0 Speakers

The organizers of Africa Tech Alliance Forum [AfriTECH 4.0] have announced the distinguished lineup of speakers for this year’s Forum themed: “Leapfrogging Digital Transformation for Future of Africa’s Economy”.

Scheduled to hold on Thursday, November 07, 2024 at Oriental Hotels, Lekki, Lagos, Nigeria, AfriTECH 4.0 will bring together leading voices in technology, telecommunications, ecommerce, software, finance, emerging technologies and government to explore key innovations and challenges shaping Africa’s digital transformation.

AfriTECH has become one of Africa’s most anticipated technology events, and the 2024 edition will feature a stellar lineup of industry experts, innovators, and policymakers who will provide insights into how emerging technologies are propelling Africa’s digital economy.

Special Guests:

Dr. Aminu Maida, a distinguished leader in telecommunications and digital transformation, serves as the Executive Vice Chairman of the Nigerian Communications Commission (NCC).

With over two decades of experience in the ICT sector, Maida has become a pivotal figure in driving Nigeria’s digital economy, overseeing regulatory frameworks and initiatives that foster innovation, investment, and inclusivity in Nigeria’s telecom industry.

Kashifu Inuwa Abdullahi, CCIE, is a transformative leader in Nigeria’s technology landscape, currently serving as the Director General of the National Information Technology Development Agency (NITDA).

Under his guidance, NITDA has driven impactful initiatives supporting Nigeria’s digital economy, fostering innovation, digital skills development, and creating an enabling environment for tech startups and entrepreneurship.

He will deliver the keynote address at AfriTECH 4.0.

Professor Ibrahim Adepoju Adeyanju is the CEO of Galaxy Backbone, a key government-owned technology and digital infrastructure company. Under his leadership, Galaxy Backbone focuses on strengthening Nigeria’s digital ecosystem by providing secure and innovative ICT infrastructure to government agencies and businesses, supporting national development and e-governance initiatives.

Biram Fall, the Regional Managing Director, QNET, a leading e-commerce-based direct selling company.

In his role, Mr. Fall oversees QNET’s operations and growth strategies across several markets, focusing on enhancing regional reach and ensuring the company aligns with local business needs.

Known for his expertise in direct-​selling and his commitment to sustainable business practices, Fall has been instrumental in expanding QNET’s footprint in Africa and other emerging mar​kets.

Ebehijie Momoh is a renowned financial services leader with over 20 years of experience in banking and payment technology, currently serving as CEO of AfrigoPay Financial Services Limited, where she leads the company’s mission to provide innovative payment solutions across Africa.

With a background in financial services and a deep understanding of digital payments, Momoh brings extensive experience to her role, focusing on transforming​ the financial landscape through accessible, secure, and efficient payment systems.

Her leadership emphasizes financial inclusion, driving AfrigoPay’s efforts to reach underserved communities and promote economic empowerment across the continent.

Dr. Muhammed Sirajo Aliyu is a visionary leader in Nigeria’s information technology sector. He is the incumbent President of the Nigeria Computer Society (NCS), the foremost association of IT professionals in Nigeria.

With an extensive background in computer science, IT governance, and digital innovation, Dr. Aliyu brings over 25 years of experience to his role, where he champions the advancement of technology and professional development within Nigeria’s IT ecosystem.

Dr. Temitope Alakija, a renowned academic and statistician, is a Senior Lecturer in the Department of Statistics at Yaba College of Technology [Yabatech] Lagos. With a deep expertise in data science, statistical analysis, and quantitative research, Dr. Alakija is dedicated to advancing the field of statistics and training future leaders in data-driven decision-making.

Holding a PhD in statistics and with numerous publications, Dr. Alakija’s research contributions have significantly influenced both academia and industry, particularly within Africa. Her commitment to academic excellence and her role in fostering a data-literate society make her a highly respected figure in the statistical community.

Adesola Akinsanya – President, Nigeria Internet Registration Association (NiRA). Akinsanya brings decades of expertise to his role, where he advocates for technological innovation, professional growth, and policy advancement in Nigeria’s IT landscape..

Engr. Gbenga Adebayo, Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON). Engr. Adebayo is a prominent figure in Nigeria’s telecommunications industry, with over 25 years of experience in telecom and ICT. He is known for his advocacy for industry development, regulatory reform, and the provision of accessible telecommunications services across Nigeria.

Tony Izuagbe Emoekpere – President, Association of Telecommunications Companies of Nigeria (ATCON). With an extensive background in telecom management, digital strategy, and regulatory advocacy, Emoekpere is dedicated to advancing Nigeria’s telecom industry and fostering an environment that promotes innovation, investment, and inclusivity.

Key Speakers for AfriTECH 4.0:

Engineer Ikechukwu Nnamani – CEO, Digital Realty (Nigeria). In his keynote presentation at AfriTECH 4.0, Engr. Nnamani is expected to share his expertise on building resilient telecommunications infrastructure to support Africa’s digital future.

For over 16 years under his leadership the Digital Realty datacenter in Lagos is rated the most interconnected facility in the West African sub-region being the number 1 peering point for the region and boosting all submarine cables in the region, long distance providers, metro fiber providers, mobile services providers, fixed services providers, OTT providers, Internet Exchange, VAS providers, and global Tier1 service providers, amongst others.

Other outstanding personalities confirmed as speakers include – Dr. Obadare Peter Adewale, Chief Visionary Officer, Digital Encode Limited; Mr. Emmanuel Amos, Founder – Programos Foundation/InnovationBed Africa; Chukwuebuka Ume-Ezeoke, Chief Technology Officer at CED Technologies; Dr. Oluseyi Akindeinde, Founder, Hyperspace Technologies; Happiness Obioha, Managing Director, Tecom Concepts Limited; Chukwuemeka Mbaebie, Convener, Lagos Blockchain Week; Akeem Ajisafe, Managing Director, Transblue Limited; Chika Nwosu, Managing Director, PalmPay; Jude Ozinegbe, Founder/Convener at Cyberchain; Mohammed Rudman, CEO, Internet Exchange Point of Nigeria [IXPN]; Dr. Ayotunde Coker, CEO Open Access Data Centres (OADC); Kehinde Ogundare, country manager, ZOHO [Nigeria]; Ayodeji Ogunmola, Director, Products Management at Northsnow Ltd; Oluwakayode Durodola, founder, Otuntech Limited; Lovelyn Okafor, Country Head, Nigeria at Newmark; Olaniyi Ibraheem, Business Development Manager (Africa) at UBankConnect; Adedamola Bowale, Co-founder & Technical Lead at Avancee Pinnacle, and Moniade Adeniyi, Product Innovation & Business Growth Strategist, Northsnow Ltd.

Meanwhile, innovationbed Africa is set to host “Startup Showcase” at AfriTECH, a session dedicating to startup finalists for this year’s United Nations World Summit Awards. Discussants include – David-Bobola Ojoawo, the Producer for Compas.AI; Stephen Adeyemo of Expertplug; Siro Collins, CEO of Advanced Engineering Center (AEC), WSA Winner 2023; Elijah Moses, Producer for VerionX; Rasheed Aliu Producer for LOOPBOX; Musami Umar Musam, founder of RollMal; David Ezeonyekwere, the founder of CheapMarketDeal, and Sule Wisdom David, the founder of CyclexAfrica.

QNET is the gold sponsor of AfriTECH 40. Silver Sponsors – Galaxy Backbone, Digital Realty, Digital Encode Ltd. Bronze Sponsors – CED Technologies, AfriGoPay, Tecom, Northsnow UK, Hyperspace Technologies, Palmpay, OADC.

Ecosystem Partners: NCC, NITDA,, InnovationBed Africa, ALTON, ATCON, NCS, IXPN, NiRA, Lagos Blockchain Week, Newmark Group, all are supporting AfriTECH 4.0.

Media Partners include; Techeconomy, NigeriaCommunicationsWeek, ITPulse, Ravenews, TechTrends.Africa, TechBuild.Africa, GrassRoots, DigiVation Network, TechLifewithUgo, BusinessMetrics, BusinessRemarks, SwiftReporters, TechTV, Africa Hyperscalers Media, CyberEra, ITRealms, DigitalTimes, TechnologyMirror, TechandBizNews, ITNewsNigeria.

“AfriTECH 4.0 will also feature interactive panel discussions, workshops, and exhibitions that will explore other critical topics such as artificial intelligence (AI), blockchain, fintech, smart cities, and sustainable innovation”, said Chike Onwuegbuchi, co-convener of AfriTECH. “We are grateful to the sponsors and partners”.  

“Attendees will have the opportunity to engage directly with the speakers, as well as network with other industry leaders, innovators, and investors”, he added.

Participation

Participation is free, but you are required to pre-register: https://bit.ly/3ZPdi88

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GR Diary

TestNigeria 3.0 Conference: Elevate Your QA Practices to Prevent Outages like CrowdStrike’s

….Sen. Salisu Shuaibu Afolabi, Chairman of the Senate Committee on ICT & Cybercrime, who will declare the conference open

Published

3 months ago

on

August 12, 2024

By

TestNigeria Conference 1.0

The Nigerian Software Testing Qualifications Board (NGSTQB) has announced plans for the TestNigeria 3.0 Conference, set to take place on September 26, 2024, at the prestigious Radisson Blu Hotel in Ikeja GRA, Lagos, Lagos State.

With the compelling theme “Security in the Spotlight: Safeguarding Digital Frontiers through QA,” the conference aims to address the critical role of quality assurance (QA) in enhancing the security of digital ecosystems.

Why Attend TestNigeria 3.0?

Speaking ahead of the event, Mr Boye Dare, president of NGSTQB, said that the recent CrowdStrike incident, where a defect caused widespread disruptions for banks, hospitals, and airlines, underscores the urgent need for rigorous QA processes.

“Millions of PCs displayed ‘blue screens of death,’ highlighting the essential role of comprehensive testing.

“CrowdStrike has since committed to enhancing their software testing protocols, improving error handling, and adopting staggered deployments to prevent future issues”.

Mr. Dare said that TestNigeria 3.0 will provide attendees with the insights and tools to prevent similar disruptions in their own organisations.

Key Benefits of Attending:

  • Learning from CrowdStrike’s Experience: Gain valuable insights into preventing large-scale outages. Understand the importance of thorough testing, robust error handling, and strategic deployment to safeguard your organisation against similar issues.
  • Expert-Led Sessions and Panels: Engage with industry leaders and experts in software testing and security. Participate in discussions covering the latest advancements, strategies, and technologies to enhance your QA processes.
  • Networking Opportunities: Connect with professionals across various sectors. Exchange ideas, share experiences, and build collaborations that can drive innovation and improvement in your QA practices.
  • Cutting-Edge Trends and Innovations: Stay updated on the latest trends and technologies in software testing. Learn how to integrate security into your QA processes to protect your digital frontiers and ensure the resilience of your software systems.
  • Professional Development: Benefit from the expertise of NGSTQB, a leading organisation dedicated to promoting excellence in software testing in Nigeria. Discover how the Test Maturity Model integration (TMMi) can aid in test process improvement and compliance.

Conference Highlights:

  • Elevating Security Consciousness in QA Practices: Prioritise security at every stage of the software development lifecycle to proactively identify and mitigate risks.
  • Integrating Security Testing into QA Processes: Incorporate methodologies like penetration testing, vulnerability assessment, and code review into your QA processes to address security weaknesses before they can be exploited.
  • Collaboration and Knowledge Sharing: Foster collaboration among QA professionals, cybersecurity experts, and industry stakeholders to collectively tackle evolving security challenges.
  • Regulatory Compliance and Governance: Align QA processes with regulatory mandates such as NDPR, GDPR, HIPAA, PCI DSS, and ISO/IEC 27001 to demonstrate commitment to safeguarding sensitive data and protecting privacy rights.
  • Empowering Stakeholders through Education and Training: Equip QA professionals with the necessary knowledge and skills to navigate the complex landscape of security and QA through continuous learning and professional development initiatives.

Special Guest of Honour:

“We are honoured to welcome Sen. Salisu Shuaibu Afolabi, Chairman of the Senate Committee on ICT & Cybercrime, who will declare the conference open. We will also welcome Hon. Adedeji Stanley Olajide, the Chairman House Committee for ICT and Cybersecurity who will deliver the Keynote Address.

“The presence of these great lawmakers underscores the importance of this event and the critical role of QA in national cyber resilience”, he said.

About NGSTQB:

The Nigerian Software Testing Qualifications Board (NGSTQB) is dedicated to promoting excellence in software testing and quality assurance in Nigeria. As a member of the International Software Testing Qualifications Board (ISTQB®) and the local chapter for The TMMi Foundation, NGSTQB strives to enhance professional standards and practices in software testing through certification, education, and collaboration.

For more information and to register for the conference, please visit https://www.ngstqb.ng/conference

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