Tony Onyemaechi Elumelu reveals the secret behind his successful entrepreneurial career

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Nigerian businessman and Chairman of United Bank of Africa, Tony Elumelu, has divulged the standing principles that have guided his entrepreneurial journey over the years.

Speaking during the just concluded Viva Tech conference in Paris, the 60-year-old business emphasized the significance of maintaining focus, resilience, and a determined outlook when it comes to both life and business. Elumelu said:

  • “I want to say that discipline, hard work, tenacity, resilience, and focus are extremely important for business success. I believe we have tech entrepreneurs in this room and even those who are not tech entrepreneurs, these principles apply to everyone. My career in my journey, it’s been a journey of discipline, focus, and making short-term sacrifices for a better future. Working very hard and being extremely

Overcoming challenges ahead

Speaking directly to aspiring entrepreneurs, Elumelu acknowledged the complexities and challenges inherent in the entrepreneurial path. He described it as a tough journey, yet he encouraged entrepreneurs to press forward without fear. He emphasized the importance of resilience, urging individuals to persist even when faced with setbacks.

  • “Because I say to entrepreneurs that the journey is not linear, it is tough. It is a difficult journey, but you can’t stop. You can’t be scared; you can’t be put off. 
  • “You have to be resilient at all times. At times it can be challenging and daunting. You drop, you pick up, and you start again. Keep your eyes on the long run. Just know that most things- so long as you are determined and tenacious, things will come through,” He concluded.

What you should know

Tony Elumelu is widely recognized as a champion of African Capitalism, a concept that promotes long-term private sector investments as catalysts for economic prosperity and social development in Africa.HI insights and achievements serve as an inspiration for aspiring entrepreneurs, reaffirming the principles of discipline, resilience, and unwavering focus as key ingredients for success in the business world.



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