Thursday, 25 April 2024

Fola Adeola, Founder of Guaranty Trust Bank, Plc

Nigeria

Champion's Profile

Tajudeen Afolabi Adeola is a Nigerian businessman and politician. He is a member of the Commission for Africa, and is the founder and chairman of the FATE Foundation and also one of the founders of Guaranty trust bank (GTB).

UNDP SDG

Quality Education and Decent Work and Economic Growth

Description and impact

Adeola established the FATE Foundation in 2000. FATE is a non-governmental organisation which aims to encourage entrepreneurship, using a mix of training, mentoring, loan support and consulting to support young Nigerians. To date it has served over 30,000 young Nigerian entrepreneurs, of which over 65% are fully employed by their businesses and are employing on average about four staff. FATE opened an innovation centre in Abeokuta, the Institute for Venture Design, in collaboration with the Centre for Design Research at Stanford University, which runs an entrepreneurship program focused on engineering, technology, and innovation, and which aims to promote development of industry in Nigeria.