Mr. Tony Elumelu at the NY Institute virtual forum
BusinessNews

Elumelu, African leaders think out post- Covid-19 continent’s economic recovery 

702

 

UBA Chairman, Mr Tony Elumelu, Tuesday joined African leaders at a world vitual event to offer solutions to post Covid-19 economic recovery on the continent.

The event which was organized by the New York Institute attracted over 15, 000 people around the world who watched the live virtual event with the theme: “Resilient World An African Call for a New World Order”.

“Unemployment level in Africa is unacceptable. Poverty level is endemic, said Elumelu who is also the Heirs Holdings chairman.

NY Institute forum
” We should see the current pandemic as an opportunity to reset Africa.

” The pandemic presents an opportunity to reset Africa, create employment and eliminate poverty.

“If we fix access to electricity, ensure stability in the macroeconomic environment, and prioritise the youth, we will be able to fix Africa,” he said.
Others in the virtual panel are Tidjane Thiam former (CEO) of Swiss bank Credit Suisse,Nigeria’s Dr Ngozi Okonjo-Iweala, former Vice-President of World Bank, Mr Richard Attais, founder of The New York Forum and the co-founder of the Global Clinton Initiative and the Nobel Laureates Conference and Dr. Vera Songwe, Executive Secretary of the UN Economic Commission for Africa.
NY INSTITUTE VIRTUAL FORUM

 

Other participated at the virtual event were President of Ivory Coast, Alassane Quattara,  President of Senegal, Macky Sall, President of Sierra Leone, Julius Bio, Kenyan President, President of Niger, Mahamadou Issoufou, President of Kenya, Uhuru Kenyatta.

PerSecondNews gathered that the mission of the New York Institute forum is to create platforms where global leaders can ask the hard questions about the future, challenge their views and assumptions about it.

 

It also seeks to explore what it will take to succeed in it, and develop concrete and innovative solutions to the world’s most pressing problems.

Leave a comment

Related Articles

Nigeria’s Inflation Rate Edges Down to 22.97% – NBS 

Nigeria’s inflation rate saw a slight dip in May 2025, reaching 22.97%...

World Bank: Global Economy Slumps to Weakest Performance in Years, Excluding Recessions

The World Bank’s latest Global Economic Prospects report has warned that global...

NCC New Rule: Bank Customers to Pay USSD Charges Using Airtime

The Nigerian Communications Commission (NCC) has mandated that Deposit Money Banks (DMBs)...

FirstBank Achieves New Feat: N1Bln Disbursed in One Day Through Agent Credit Scheme

By Tosin Ajayi In a significant milestone by the nation’s pioneer financial...

FirstBank’s Temporary Overdraft Product Boosts Businesses, Secures Retail Dominance

By Tosin Ajayi As a strategic lifeline to empower businesses with swift,...

#NoNoiseJustSigns: Access Bank Unveils DiamondXtra Season 17, To reward Customers with over N200m

Access Bank has kicked off the 17th season of its DiamondXtra flagship...

Tony Elumelu Receives Gabonese Presidential Honour for Africa’s Economic Development 

President of the Republic of Gabon Brice Clotaire Oligui Nguema, has conferred...

WTO’s Okonjo-Iweala Calls on Africa to Boost Intra-Regional Trade Amid US Tariffs

Faced with broad tariffs declared by the United States on African goods,...

US Dollar Climbs to N1,605 as Naira Weakens

The Nigerian naira has continued its depreciation against the US dollar at...

Just in: Inflation rises to 24.23% in March 2025

Nigeria’s headline inflation rate has increased to 24.23% in March 2025, up...

Transcorp’s Market Value Surges to N4.5trn – Tony Elumelu

Transcorp Group, a leading conglomerate in Nigeria, says its listed entities now...

Nigeria Achieves $6.83bln Balance of Payments Surplus in 2024

Nigeria’s economy has seen a significant turnaround, with the Central Bank of...

Tony Elumelu Named to IMF’s Advisory Council on Entrepreneurship, Growth

Founder and Group Chair of Heirs Holdings, Tony O. Elumelu, CFR, has...

2024 financials: UBA gross earnings grow from N2.08trn in 2023 to N3.19trn, grows profit to N804bln

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its...

Access Bank to Honour Power of 100 Awardees at International Women’s Day Conference

Access Bank, a leading financial institution committed to fostering gender equality and...

Air Peace Unveils Unbeatable Offer: N600,000 Discount on London-Lagos Airfare

Air Peace has unveiled an exciting offer for travelers connecting from various...

Tony Elumelu Foundation to Unveil 2025 Class of Emerging Entrepreneurs for TEF Programme

…Tony Elumelu Entrepreneurs have collectively created 1.5 million jobs and generated $4.2...

CBN Raises Alarm Over Illicit Naira Transactions, Urges Strict Measures

The Central Bank of Nigeria (CBN) has expressed concerns over the growing...

Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market

The Nigerian currency, the Naira, has continued its downward trend, depreciating further...

Lagos State Solidifies Position as Africa’s Economic Powerhouse with $259bln GDP

Lagos State has reaffirmed its status as one of Africa’s leading economic...