IMF appointed Elumelu Nigeria to his advisory council

The International Monetary Fund (IMF) has appointed Tony Elumelu, Founder and Chair of the Heirs Holdings group, to the Entrepreneurship and Growth Advisory Council, which was held by Kristalina Georgieva, IMF Implementing Director.

The appointment of billionaire entrepreneurs was announced in a statement on Friday, March 28, 2025.

The IMF Advisory Council consists of global business leaders, policy makers, and academics, which are dedicated to identifying and overcoming obstacles of regulations for entrepreneurship.

Other board members including Ufuk Akcigit, Harberger Professor of Economics at the University of Chicago; Reema Bandar al-Saud, Saudi Ambassador to the United States; Marc Benioff, Chair, CEO, and One of the Founders of Salesforce; and Ana Botín, executive chairman at Banco Santander.

Others are Natarajan Chandrasekaran, Chair of Tata Group; Margherita Della Valle, Chief Executive of Vodafone Group; Robert Smith, Founder, Chair and CEO of Vista Equity Partners, and Federico Sturzenegger, Minister of Deregulation and Transformation of the Argentine state.

Also Read: IMF Urges the Nigerian Government to Focus on Vulnerable Populations in Efforts to Stabilize the Economy

The council is said to be mandated to recommend policies that increase resource allocation, stimulate innovation, and catalyze economic growth led by a sustainable private sector.

Speaking of appointment, a statement from the IMF reads, “Elumelu, supporters of the leading African entrepreneurship and whose foundations have funded, guided, and trained more than 25,000 African entrepreneurs since 2015, fighting for entrepreneurship as an machine for the African economic transformation.

“Homemade entrepreneurs, the appointment of Elumelu entrepreneurship is very fundamental to his concept of Africapitalism, his belief that the African private sector can and must play a major role in the development of continents, making long -term investments, which provide social and economic value.

“Elumelu will play a role in ensuring that the potential of African entrepreneurs is the center of global economic policy making.”

Speaking at the inaugural meeting of the Advisory Council on March 26, Georgieva said the council united a group of leaders and leading practitioners in business, finance, academics, and policy making to share their views and experiences about how macroeconomic policies, “Pribuk Pribuk Pribuk Pribuk Pribukan Policy,” Corporation, “Kabatan and Protect,” and Productity, Oicrey, Oicrecition, Oicrecition, Oicrecition, Oicrecition, Oicrecition.

By: Babajide Okeowo

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