His appointment was disclosed in a statement on Friday.

The Advisory Council of the IMF comprises global business leaders, policymakers, and academics, dedicated to identifying and addressing regulatory barriers to entrepreneurship.

Its mandate is to recommend policies that enhance resource allocation, stimulate innovation, and catalyse sustainable private sector-led economic growth.

“Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, champions entrepreneurship as the engine for the economic transformation of Africa.

“A self-made entrepreneur, Elumelu’s embracing of entrepreneurship is fundamental to his concept of Africapitalism, his belief that Africa’s private sector can and must play a leading role in the continent’s development, making long-term investments, that deliver social and economic value.

“Elumelu will be instrumental in ensuring that Africa’s entrepreneurial potential is central to global economic policymaking.

Other members of the Council include: Harberger Professor of Economics, University of Chicago, Professor Ufuk Akcigit; Saudi Ambassador to the United States, HRH Ambassador Reema Bandar Al-Saud; Chair, CEO, and Co-Founder of Salesforce, Mr. Marc Benioff; Executive Chair, Banco Santander, Ms. Ana Botín; Chairman, Tata Group, Mr. Natarajan Chandrasekaran; Chief Executive, Vodafone Group, Ms. Margherita Della Valle; Founder, Chairman and CEO, Vista Equity Partners, Mr. Robert Smith and Argentine Minister of Deregulation and State Transformation, Mr. Federico Sturzenegger.

Speaking at the inaugural meeting of the Advisory Council on Wednesday 26 March 2025, the IMF Managing Director, Kristalina Georgieva, noted: “The Council brings together a group of leading thinkers and practitioners in business, finance, academia, and policymaking to share their views and experiences on how macroeconomic and financial policies can provide a supportive environment for innovation, entrepreneurship, and productivity—key ingredients for a thriving private sector and strong economic growth.”

Channels

The pro-democracy group also said that such action by her concerned constituents would help put lawmakers on their toes to serve them well.

The group made the this known in a statement issued in Lokoja by its President, Mr Ifeanyi Odili.

It expressed worry over what it described as “avoidable” crisis between embattled suspended Sen. Akpoti-Uduaghan and Senate President Godswill Akpabio a few weeks ago.

According to the group, the incident has put Nigeria’s image on trial before the global community.

The CSO said it was worried that, rather than addressing the core issues surrounding her (Akpoti-Uduaghan) suspension within the framework of Nigeria’s democratic institutions, she chose to “engage in a campaign of calumny against the Senate as an institution.”

“It’s unfortunate that Akpoti-Uduaghan’s activities within and outside the country since the beginning of the controversy have cast an unfortunate dent on the image of Nigeria, for which she must apologise.

“This is nothing but gross misconduct against Nigeria,” it said.

It advised respected Nigerian leaders to always identify when not to play opposition politics with delicate national issues, in the best interest of the nation.

“More worrisome is the fact that she has distorted the facts preceding her suspension and curiously held on to her sexual harassment allegations against the Senate President as the reason for the initial actions taken against her.

“Taking such misrepresentation to the world stage and representing Nigeria illegally at the Inter Parliamentary Union to air such views can be described as nothing but gross misconduct against the country.

“She needs to apologise. This should not be muddled up with politics, the group said.

The group wondered why Sen. Natasha had abandoned her faith in the Nigerian judiciary.

According to the group, since she has already taken her grievances to the courts, one would have expected her to allow due process to take its course.

It argued that resorting to media trials, seeking sympathy from foreign audiences, Akpoti-Uduaghan has watered down whatever sympathy she could have gained from them and Nigerians at large.

“Her current confrontational approach serves no productive purpose other than to bring ridicule to Nigeria’s democratic institutions.

“As a public official, she has a responsibility to uphold the dignity of her office and promote national cohesion, rather than dragging the country’s name through unnecessary international controversies,” the group said.

The CSO commended the electorate of Kogi Central for exercising their constitutional rights to initiate a recall process.

“This is a significant step towards strengthening Nigeria’s democracy,” it said.NAN