Awele
Awele Elumelu, director of Heirs Holdings and co-founder of the Tony Elumelu Foundation, says Africa needs investments to overcome its challenges and not sympathy.
Elumelu spoke on Tuesday at the Lagos Chamber of Commerce and Industry (LCCI) international business conference and expo 2025, themed “Investing in Nigeria: the Challenges and the Opportunities – the Entrepreneur’s Perspective”.She described economic instability as one of Nigeria’s biggest challenges, citing inflation, struggling businesses, and rising unemployment.The director, however, added that Nigeria’s youth remain the country’s greatest opportunity if given the right tools.
“Our young people are dynamic, ambitious, and entrepreneurial. If we give them the right tools — skills, access to capital, and an enabling environment — they will unleash one of the most vibrant workforces in the world,” she said.
The Heirs Holdings director also pointed to Nigeria’s poor electricity supply, which costs the economy an estimated $26 billion annually. Thecable
