The Chairman, United Bank for Africa and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu has advocated massive private capital investment as well as increased support to youth development as catalysts for driving the much needed economic growth on the continent.
A statement quoted the Heirs Holdings to have stressed the need to invest in critical sectors of the economy such as electricity and human resources, noting that this would galvanise the continent, taking into consideration the huge population which Africa currently boasts of. “Empowering the youths will help us create jobs and alleviate poverty and I think that this empowerment must start from creating an enabling environment, from making sure we have roads, mass transportation systems and most importantly, fixing the problem of shortage of electricity on the continent. If we do all of this, we will unleash the enormous potential that resides in Africa and in these young people.
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