December 5, 2022

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UBA CHAIRMAN TONY O. ELUMELU PLEDGES INVESTMENT IN EASTERN NIGERIA

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……….Calls For Regional Approachto development.

imageDuring a keynote address at the 1st annual Enugu Investment Summit, Chairman of Heirs Holdings and United Bank for Africa Plc (UBA) Tony O. Elumelu presented a compelling case for a sub-regional approach to economic development for Eastern Nigeria. In doing so, he also pledged to invest more steadily in the region.

Elumelu called on governors of the five South East states to harmonise economic policies in order to spur economic development and provide an enabling business environment.

“The truth is that the public and private sectors must collaborate strategically to orchestrate the region’s development. We need the combined effort of regional leaders to create Eastern Industrial hubs; the existing state-by-state fragmentation won’t work in today’s economic reality,” he said.

Organized by the Enugu State Government, the 3-day summit, themed Beyond Oil: Fostering Inclusive Economic Growth and Sustainable Development State governor Ifeanyi Ugwuanyi, affirmed Elumelu’s strategic steer, noting his mission of transforming the state into an economic powerhouse, and a preferred destination for investment.

This first edition of the summit is aimed at showcasing Enugu’s enormous economic potential. The summit will ultimately develop an economic agenda for the five South Eastern states, and promote integration and shared prosperity for South East Nigeria.

While urging Eastern governors to offer regional incentives, he also highlighted the responsibility of private sector individuals.

“”For so long, we have condemned our government for their inability to meet our developmental goals. We have shied away from playing our own role in making things work,” he said. “But wealthy Africans should realise that in the 21st Century, wealth is no longer measured by the amount in your bank accounts. You should invest in industries and infrastructure.”

Elumelu’s eponymous Foundation is currently investing in Enugu state through the Tony Elumelu Foundation Entrepreneurship Programme (TEEP). In fact, drawing on the success of the programme – in which 31 youths from Enugu State are among the 2,000 beneficiaries of the $10,000 seed capital provided through TEEP – he made a call to successful people in the eastern region of Nigeria to invest in the youths as a sustainable means of developing the African continent.

The summit attracted foreign and local investors including; the Consul General of the Embassy of France in Nigeria, Laurent Polonceaux; the Nigerian Director of a French Group known as Proparco, Olivier Follin; the Irish Ambassador to Nigeria, Mr. Sean Hoy, as well as director of an Irish organisation, Sustainable Food Systems Ireland.

Others were members of a conglomerate made up of Chinese, Singaporeans and Nigerians known as Fit Consult/Yuanda Group, including Mr. Wang Yijun of Yuanda Group, Chief Loretta Aniagolu; Mr. Wang Xingjun, Mr. Jiang Xin, Mr. Ronnie Tan all of the Yuanda, Mr. Paschal Dozie of MTN, Samuel Onyeishi of Peace Mass Transit, Ugochukwu Chime of ECCIMA, among others.

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UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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2 min read

UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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