Speakingat the Fifth Cohortof the TEF Entrepreneurship Programme on Friday in Abuja, Buhariexpressed hope that TEF entrepreneurs would grow to inspire confidence in both local and foreign markets.

They will be a source of immense value not just to the Nigeria real sector but to the entire African continent.

Tony Elumelu visits President-elect, Muhammadu Buhari on April 15, 2015
Tony Elumelu visits President-elect, Muhammadu Buhari on April 15, 2015

Earlier the TEF Chairman formally unveiled the 2019 selected3,050 candidates of the Tony Elumelu Entrepreneurs out of the216,025 applications received.

NAN reports that 1,000 out of the 3,050 candidates will be directly funded by the Foundation and the additional 2,050 supported by the Foundations partners.

The Entrepreneurship Programme is half way through its 10 year mark of empowering African entrepreneurs and has achieved a significant milestone.

According to Buhari, the contribution of entrepreneurship through small and medium enterprises cannot be overemphasised particularly in emerging economies.

The TEF will certainly foster entrepreneurial development across Africa, providing much needed funds, training and mentorship to commercial enterprise that promote social and economic change.

Tony Elumelu
Tony Elumelu

It will also provide support to growing African businesses through dynamic programmes that provide capital and human resources to building entrepreneurs.

The African private sector must begin to play a more active role in advancing our continent.

And the TEF will contribute to strengthening and capacitising our private sector to assume this position of significant influence across Africa.

Buhari said the future Assured Programme of the Aisha Buhari Foundation shared the same Vision with the TEF aims to optimise potentials through interventions in health, education and empowerment.

She commended the increased participation of women in the 2019 programme while urging the Nigerian women especially those from the North to apply to the TEF programme.

Earlier, Mrs Parminder Vir, the Chief Executive Officer of TEF said there had been tremendous transformation of the foundation since the past five years of its inception.

This she said had been possible through the support of its partners.While commending the selected candidates, she said the foundation had ensured a platform known as the TEF connect to allow applicants who were not selected to connect and do their businesses.