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Elumelu Advocates for More Investment In Nigeria’s Power Sector

By Moses Patience Chat

 Founder of Tony Elumelu Foundation, Tony  Elumelu, has stressed the urgent need to invest in Nigeria’s power sector, addressing the paradox of a nation rich in gas resources yet struggling with electricity shortages.

Elumelu said this while  delivering  an address at the Nigerian Bar Association’s (NBA) Annual General Conference Wednesday, where he also made a resounding call for unity and concerted action.

Speaking before a distinguished audience, including President Bola Ahmed Tinubu, Elumelu underscored the imperative of nation building in Nigeria.

He hailed the recent economic decisions that have been taken to address systemic issues and encouraged further boldness in policymaking.

Elumelu pointed to a real-world example, the TransAfam Power Plant, where challenges with gas supply highlight the need for urgent regulatory reform.

Highlighting the country’s vast potential and the remarkable achievements of Nigerians across various sectors globally, he painted a picture of Nigeria as a nation with boundless resources and talents.

He called for collaboration and unity, transcending individual backgrounds, religious beliefs, and political affiliations, adding that nation building is a collective endeavour that demands the participation of every citizen, not just the government.

Drawing attention to the critical components of nation building, Elumelu outlined his vision for a renewed Nigeria.

He stressed the significance of investing in the country’s youth, fostering an entrepreneurial culture, and building regulatory structures that reward success.
The business tycoon passionately advocated for empowering women and prioritizing education to create a foundation for sustainable growth.

Elumelu called for a strengthened justice system, improved security measures, and a renewed focus on Nigerian identity. He underscored the importance of instilling pride in the nation’s citizens and the necessity of embracing the African concept of “Africapitalism,” which promotes equitable prosperity and shared values.

He also urged attendees to approach nation building with unwavering determination and empathy, reminding everyone of the responsibility to create a legacy of progress, unity, and hope for future generations.

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