Egba Born Philanthropist, Lemo To Launch Empowerment Initiative For Birthday Anniversary - THE ENCOUNTER NEWS


Friday, December 6, 2019

Egba Born Philanthropist, Lemo To Launch Empowerment Initiative For Birthday Anniversary

Tunde Lemo
Michael-Azeez Ogunsiji
ABEOKUTA - Ahead of his 60th birthday anniversary, erstwhile Deputy Governor of Central Bank of Nigeria and the incumbent Chairman, Board of Federal Roads Maintenance Agency (FERMA), Tunde Lemo has announced his plans to launch an empowerment initiative for the Nigerian youths.

According to Lemo's Communication Adviser, Eddy Ademosu, the N25 million empowerment project tagged, "Lend a Helping Hand" will be held in Peter Akinola Foundation at the Youth Centre for Industrial Training, Abeokuta, Auto medics, Ilupeju Bye-pass, Lagos and Etiwa Nigeria Limited, Lekki, Lagos.

According to him, the empowerment scheme is an intervention programme aimed at equipping interested unemployed youths- graduates and non graduates- with vocational skills that will either enhance their employability or prepare them for self employment.

He stated that the training would be conducted for five years consecutively.

The Egba-born philanthropist explained that the programme would cover specific disciplines in auto mechanics, masonry and other construction skills; agriculture, catering, fashion designing and, will also include enhancing the youths’ Information Technology capabilities.

He said “the initiative was borne out of the staggering unemployment rate (36.5%) among the Nigerian youths which constitutes a very serious socio-economic problem in the country.

“We have identified three reputable vocational institutions with proven track records for training programmes and they are mainly: Peter Akinola Foundation: Youth Centre for Industrial Training, Abeokuta, Auto medics, Ilupeju Bye-pass, Lagos and Etiwa Nigeria Limited, Lekki. These institutions have over time, proven track records in the training and development of youths and in many cases assist in the employment of their graduates.

“In the estimation of the promoter of the initiative, the programme would run for an initial period of 5 years (2020 – 2024) with a total estimated cost of  N125 Million.

“And with a firm commitment to the success of the initiative, the celebrant and his family have offered to provide 20% of the funding, which translates to N25 Million.

“We are hoping to raise partners who will commit to participate in the program in different highlighted  categories of  Platinum, Gold and Silver with stratified numbers of youths’ sponsorship.

”The programme also provides opportunities for other donors willing to assist but who are unable to participate at the partners’ categories to indicate level of donations either as one-off or annual commitment.

“All  administration and associated costs of running the initiative are to be borne by the the celebrant and the family”.

Tunde Lemo was born on Monday, December 28, 1959 at the Sacred Heart Hospital, Abeokuta, Ogun State.

He attended St John’s Anglican Primary School, Igbein-Kuto, Abeokuta (1966 -1971) and proceeded to Lisabi Grammar School, Idi-Aba, Abeokuta for his Secondary education with strong bias for  commercial subjects.

In 1980, the young and vibrant Lemo gained admission to the University of Nigeria, Enugu Campus to study Accountancy and graduated in 1984 with a First Class degree in Accountancy and won seven (7) of the eleven (11) prizes awarded by the Faculty.

Lemo was appointed Deputy Governor of the Central Bank of Nigeria (CBN) in January 2004 by President Olusegun Obasanjo after superlative banking career, culminating as the Managing Director/Chief Executive, Wema Bank Plc. He was deployed to the Financial Sector Surveillance (FSS) and his notable achievements include the Banking Sector Consolidation, the establishment of International Finance Corporation (IFC), implementation of Microfinance Policy, re-organization of Abuja Commodities Exchange, among others. 

He was redeployed to Operations Directorate inu 2009 where he continued to make his mark in public policy initiatives, including; modernization of the payments system and reorganization of the Nigeria Interbank Settlement System (NIBSS), rapid deployment of electronic banking system and the implementation of the Bank Verification System (BVS), to mention a few. 

'Tunde Lemo retired from the Central Bank in January 2014 after serving his country meritoriously for 10 years.

He is an ordained Minister in the Foursquare Gospel Church and currently serves as the Chairman, Board of Trustees of McPherson University, a faith-based Institution owned by the Foursquare Ministry; member Board of Trustees of Redeemers University, as well as a Council Member of Crawford University. In addition, he is also the President of the Tai Solarin University of Education Foundation.

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