United Bank for Africa Chairman, Tony Elumelu delivering the keynote address at the seventh Tokyo International Conference on African Development (TICAD) in Yokohama, Japan said;

“At TICAD 2016 in Kenya, Japan pledged $30 billion for Africa. This year you have generously increased this to $50 billion.”

“If we invested just five per cent in Africa’s new generation of entrepreneurs, following a proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch 500,000 lives in Nigeria and across other African countries, broadening markets, facilitating job creation, improving income per capita, and laying the key foundation for political and economic stability.”