Tony Elumelu Foundation (TEF) has received N400M in grant funding from the Nigerian Export Promotion Council (NEPC), through the Export Expansion Facility Programme (EEFP) to accelerate the performance of TEF Alumni SMEs in Nigeria within the non-oil Export Sector.
At the signing ceremony, the Executive Director/ CEO of NEPC, Mr Olusegun Awolowo, said “NEPC is delighted to embark on this journey with The Tony Elumelu Foundation as we jointly create an army of exporters to drive non-oil exports and promote the diversification of Nigeria’s export portfolio for inclusive and sustainable economic growth.
“We have keenly admired the work that The Tony Elumelu Foundation has been doing with entrepreneurs across Africa and took a cue from President Muhammad Buhari to support these efforts on behalf of the Federal Government of Nigeria, through the EEFP under the Nigeria Economic Sustainability Plan (NESP).
“We hope that this grant of N400 million to the Foundation targeted specifically for Nigerian entrepreneurs will spur other governments in Africa to support the Foundation in its audacious drive to create tens of thousands of entrepreneurs across the continent of Africa”.
