Becoming an entrepreneur in Nigeria isn’t an easy task, especially when there is little or nothing in your bank account as a young start up to carter for the needs of your “about to start” or “growing business.” Here is a toast to a good news, the Tony Elumelu Entrepreneurship Programme 2021.

The programme has been designed to shoulder the financial responsibilities of business minded entrepreneurs; and here is what it looks like;

TEEP (Tony Elumelu Entrepreneurship programme) is a pan-African entrepreneurial initiative of the Tony Elumelu Foundation, which is a multi-year training, funding, and mentorship program designed to empower the next generation of African entrepreneurs.

The TEEF Programme receive a $100million commitment by the Elumelu family to empower 10,000 African entrepreneurs over a 10-year period. The goal is to create at least 1million jobs and contribute over $10billion in revenue to the African economy. Through its flagship Entrepreneurship Programme, the Foundation empowers African entrepreneurs and the entrepreneurship ecosystem across 54 African countries.  The Foundation has empowered 7,531 entrepreneurs thus far.

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In 2018, the Foundation launched TEFConnect, Africa’s digital entrepreneurship hub last year to connect the entrepreneurship ecosystem and facilitate businesses beyond physical borders. The platform currently hosts 800,000 users.

Our long-term investment in empowering African entrepreneurs is emblematic of Tony Elumelu’s philosophy of Africapitalism, which positions Africa’s private sector, and most importantly entrepreneurs, as the catalyst for social and economic development of the continent.

Number of Entrepreneurs Needed

If you are wondering how many people will be taken during the program. The foundation will be taking 1,000 positions available annually for 10 years.

Method of Applying for Tony Elumelu Foundation

Applicants can forward the application through the organizational application portal.

Benefits Tony Elumelu Entrepreneurship Programme

  • Business Training
  • $ 5,000 Non-refundable seed capital
  • Global Networking Opportunity
  • Mentorship

Please Note:

  • No Application FEE is needed
  • All process is done through the TEEF portal

Application Starting date

The application portal opens January 1 and closes midnight, March 31, 2021

How To Apply:

Application can be completed via their official portal at Tony Elumelu 2021 Entrepreneurship official website.

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