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S5E11: Tony Elumelu on "Democratizing Luck"

Stanford GSB: View From The Top

CHAPTER

Africa-Tulism

I want to spend some time on what you mentioned earlier, Africa-tulism. You are known across Nigeria and other countries as well as being a strong proponent of it. I'm curious to know why you believe that Africa needs to take a unique approach to capitalism. A person is, for me, a realization. Okay, so at times there's this entitlement mentality that people have. For crisis, it can be like that forever. So it's a realization that come. The private sector has also grown, is growing. But the private sector must be sensible and reasonable and conscientious in how we do things. We should invest in the manner that helps to catalyze prosperity. And less

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