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Appointed as branch manager at 27, Elumelu gained confidence and a platform for leadership.
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Early responsibility in Nigeria’s banking sector shaped his vision for youth empowerment.
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Experience inspired the creation of the Tony Elumelu Foundation to support young entrepreneurs.
Tony O. Elumelu, Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, has reflected on the pivotal moment in his career that set the trajectory for his rise in African business and philanthropy.
He recounted how his appointment as a branch manager at AllStates Trust Bank at just 27 years old provided him with an unprecedented level of responsibility, forcing him to mature professionally while navigating a transforming banking sector in 1990s Nigeria.
Elumelu said the experience not only bolstered his confidence but also offered a strategic platform from which he could influence organisational direction and inspire colleagues.
“At that time, few believed a 27-year-old could successfully lead a bank branch. But that opportunity changed the entire course of my life. It gave me confidence. It gave me a platform. Most importantly, it gave me perspective,” he noted.
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The former banker emphasised that this early trust shaped his lifelong commitment to empowering young Africans.
He highlighted that the Tony Elumelu Foundation’s mission to identify, train, and fund aspiring entrepreneurs stems directly from his personal journey, recognising the transformative power of early opportunities.
Elumelu added that belief and mentorship are fundamental catalysts for leadership and innovation, advocating for continued investment in Africa’s youth to ensure they are prepared to drive the continent’s economic and social transformation.