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Another award for Tony Elumelu in New York


Mr. Tony Elumelu, Chairman, Transnational Corporation of Nigeria (Transcorp)

Mr. Tony Elumelu, Chairman, Transnational Corporation of Nigeria (Transcorp)

The Chairman of Heirs Holdings, Mr. Tony Elumelu, during the week received the ‘Person of the Year’ award at the Africa Investor CEO Institutional Investment Summit hosted alongside the United Nations (UN) General Assembly in New York.

He was extolled by stakeholders in the public and private sectors for his commitment to improving access to power in Africa. At the event, Elumelu acknowledged the staff and management of Transcorp Power, the biggest producer of thermal energy in Nigeria, providing about 18 per cent of national output.

“In accepting this award, I want to dedicate it to Transcorp Power staff, who remain committed to realising our dream of improving access to electricity in Nigeria and making our vision of a well-lit, fully-powered Nigeria come true.”

Transcorp Power has supported U.S. President Barack Obama’s Power Africa initiative with a $2.5billion commitment. Elumelu commended the broader coalition of investors in the African power sector and urged other institutional investors to consider long-term opportunities on the continent.

He stated: “I also dedicate this to all stakeholders working hard to improve access to power in Africa. I call on others to please join us in this journey to powering Africa out of poverty.”

In this article:
Mr. Tony Elumelu
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