Billionaire businessman Tony Elumelu has just donated a massive ₦25 billion to the Lagos Food Security Initiative. Here's what it means for the people of Lagos 👇
Elumelu’s donation is part of a joint effort with the Lagos State Government to ensure long-term food security and reduce hunger in the state. The initiative is expected to create thousands of jobs and improve access to affordable food.
Speaking during the event, Elumelu emphasized the importance of collaboration between the government and the private sector to address food challenges in Nigeria. He called it a “bold step” towards solving one of the country’s most pressing issues: hunger.
Governor Babajide Sanwo-Olu praised Elumelu’s gesture, calling him a “true partner” of the state. He revealed that the initiative will include large-scale agricultural investments, storage, and distribution networks across Lagos.
With ₦25bn on the table, this is one of the biggest private donations to a food-related cause in Nigeria’s recent history. It also aligns with the UN’s SDG goals on food, poverty, and sustainable agriculture.
This move by Elumelu is not just charity — it’s nation-building. With high food inflation and insecurity affecting millions, this intervention could be a lifeline for many Lagos residents.
Tony Elumelu is the founder of Heirs Holdings and the Tony Elumelu Foundation, both known for promoting African entrepreneurship and development. This latest move further proves his commitment to impact-driven investments.
In a time when many are complaining, Elumelu is acting. Let this inspire more of Nigeria’s wealthy elite to give back and support home-grown solutions to our biggest problems. Massive respect! 🙌
Ay.Jesus
98 days ago🇳🇬 Big impact for Lagos!
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