Civil Society Engagement
Given Fola's commitment to empowering Nigerian youth to create jobs for themselves and others, he established the FATE Foundation in 2000.FATE is a non-governmental organization which is dedicated to encouraging the creation of wealth through entrepreneurship, using an innovative 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.
Through the vision of Fola Adeola, FATE is expanding its offerings to start an innovation centre in Abeokuta. The Institute for Venture Design in close collaboration with the Centre for Design Research at Stanford University is starting a new kind of entrepreneurship program focused on engineering, technology, and innovation with a goal to boost development of industry in Nigeria.
Fola has also engaged in many forms of philanthropy and has donated generously to many not for profits causes and religious organizations. Internationally, Fola served as a member of the Global Advisory Committee on Philanthropy of the World Economic Forum for 4 years. In 2001, Fola was invited to join twenty-four other business leaders for the Aspen Institute ISIB Annual Business Leaders Dialogue in Aspen, Colorado. In May 2004, Fola was appointed Commissioner on the Commission for Africa by the British Prime Minister Tony Blair.
Fola was a Council member, and is Fellow of the Institute of Chartered Accountants of Nigeria; Fellow of the Institute of Directors of Nigeria.
Read more about this topic: Fola Adeola
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