President Bola Tinubu has congratulated economist, banker and philanthropist, Tony Elumelu, on his 63rd birthday.

He described him as an African business icon and a leading advocate of enterprise on the continent.

Elumelu, the Chairman of Heirs Holdings, United Bank for Africa and Transcorp, turned 63 on March 22, 2026.
I
n a statement issued at the weekend, the President commended him for his resilience, commitment to excellence and unwavering belief in Africapitalism.

Tinubu praised the impact of the Tony Elumelu Foundation (TEF), noting its significant role in empowering young Africans through entrepreneurship.

He noted that the foundation’s entrepreneurship programme had trained about 2.5 million youths across 54 African countries and provided over 24,000 entrepreneurs with non-refundable seed capital of $5,000 each.

The President highlighted Elumelu’s continued investment in youth development as critical to Africa’s economic transformation and job creation.

He joined family, friends and associates of the business leader in wishing him good health, strength and more success in his future endeavours.

This is coming as TEF is rallying young entrepreneurs to power Africa’s Sustainable Development Goals (SDGs) agenda ahead of 2030.
The Chief Executive Officer of the Tony Elumelu Foundation (TEF), Somachi Chris-Asoluka, gave the hint during a virtual media parley on Saturday.