The Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and United Bank for Africa Group (UBA), Mr. Tony Elumelu, yesterday advised African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries to drive industrialisation and wealth creation in member states.
He said this while presenting the keynote speech on the theme, “Industrialisation and Private Sector Engagement for Economic Transformation of ACP States,” at the Presidential Dialogue of the 9th ACP Business Summit in Nairobi, Kenya.
Elumelu stated that industrialisation would not be achieved without support for small and medium scale enterprises (SMEs) and improved access to electricity.
“We cannot hope to industrialise if we do not fix the issue of power, if our entrepreneurs spend so much of their resources to power their businesses, how then are they expected to make the investments necessary to upgrade and…
Source: Thisday Newspaper
