Tony Elumelu on Xenophobia – Our greatest threat in Africa is poverty

Nigerian businessman, Tony Elumelu has spoken up about the ongoing Xenophobia in South Africa, he stated that the greatest threat in Africa as ‘Poverty’.

Tony Elumelu on Xenophobia - Our greatest threat in Africa is poverty


Tony Elumelu who is well respected across Africa for his businesses including UBA group and Heir Holdings shared his displeasure on the Xenophobic attacks by South Africans against Nigerians and retaliation from Nigerians against South African owned businesses.

See his full article below:

Africa is such a beautiful and blessed continent and we Africans are our greatest resource. I’ve always known and felt this.

As a young man when we started at Standard Trust Bank, banks were still focused on metropolitan areas but we wanted to give opportunity to everyone and create access to financial services for all around the country. So we left the city and we expanded all over Nigeria.

UBAgroup was a one country operation in 2005 when I took over as CEO following the merger but our strategic intent was to do what we did with Standard Trust Bank and expand this time all over Africa bringing excellence in financial services and again – access. And uniting Africa through banking.

Today we are in 20 countries and waxing stronger. After I left as CEO of UBA, my sights still set on Africa, I founded the TonyElumeluFoundation and this time, finally can proudly say today that we are empowering young African men and women in all 54 countries across the continent.

The reasons have never changed. I believe in Africa and I believe in Africans. Our greatest threat in Africa is not our fellow African brothers and sisters. It is Poverty! And as I have often said , Poverty anywhere is a threat to all of us everywhere.

Let’s not lose sight of our shared destiny. It is only together that we can face our common enemy- Poverty. We need to stop attacking each other but rather embrace one another and work together to uplift our continent and be our brother’s and sister’s protectors wherever we may find ourselves.

This is the only way to our economic liberation and prosperity.
We must say no to barbarism and savagery. Violently mutilating and killing our brothers & raping our sisters; looting and destroying their livelihoods is evil and un-African and it dehumanizes us all. Instead, we must always seek to elevate, protect and help one another.

I am disheartened by the videos and stories floating around social media around these xenophobic attacks! They are despicable and pure madness!

Follow us on Facebook – @Lailasnews; Twitter – @LailaIjeoma for updates

Leave a Reply

Your email address will not be published. Required fields are marked *

R-Kelly begs judge to let him out of solitary confinement in prison

Breaking! Federal trial date set for R.Kelly in Chicago

Landlord’s son breaks into tenant’s room, steals valuables in Lagos