Tony O. Elumelu, CFR · Founder · The Tony Elumelu Foundation · one Nigerian cohort
What SideCar brings the Foundation
Selection is already rigorous. Ernst & Young already sits on the 2026 process. The seed can still leave the named bank and die in the last mile: a late PDF, a local story, a silent Nokia. That is a trust failure after the credit — not a failure of TEFConnect, and not a failure of Africapitalism.
SideCar does not select. It does not disburse. It does not hold float. It attests that the named bank posted, so the entrepreneur and the Foundation are looking at the same ticket.
- After the named bank’s successful post: a four-field ticket (bind · amount · event · tip). Measured in milliseconds. Not a screenshot.
- A stub TEF can file beside the grant ID. Same key = one stamp. Failed bank post = no stamp = ₦0.
- Optional courtesy text to the entrepreneur’s basic phone — later, never the court, never on the attest path.
- Empty glass. Residual may be the tip only. No founder census on our book.
- Kill switch: you stop the notify, we go dark.
- We do not replace TEFConnect, mentorship, or EY.
- We do not warehouse 27,000 alumni or 54-country GPS.
- We do not take a percent of $5,000.
- We do not charge the youth.
- We do not sit inside NIBSS or inside UBA core. UBA, if named, remains the kitchen that posts. We remain the ticket after.
TEF, 22 March 2026: 3,200 entrepreneurs across 54 countries in four 2026 cohorts, from over 265,000 applications. Each selected entrepreneur: $5,000 non-refundable seed, subject to training, business plan, company papers, audit. Cumulative programme: $100m+ disbursed, 27,000+ entrepreneurs.
The published 2026 first-cohort shortlist is about 1,951 names. Reading the country field, Nigeria is about 1,380 of that first list. That is a working count until Programmes confirm. Later 2026 cohorts (May · August · November) are not assumed to be the same mix. We do not enrol 3,200 or 54 countries on day one.
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Once, on signature. Includes the first 20,000 successful stamps. Not a percent of seed.
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October 2026 · share of this Nigerian list whose named bank posts
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Inside the 20,000, ₦12 cash is ₦0. Failed post = ₦0.
How the naira sits
Seat buys the sitting, the after-post hook from the named disbursing bank, and the first 20,000 tickets. ₦12 is only after that bundle, monthly in arrears, per successful enrolled stamp. A youth who never receives a bank credit is not a stamp. Optional Nokia text is not the proof and is not inside ₦12 unless you later ask for it as a separate courtesy.
Citizen / entrepreneur ₦0. No Remita-shaped percent. Quarterly is a review of the stamp — not a quarterly lump.
Q4 2026 · monthly stamps, then the quarter
Working disbursement mix of this Nigerian list (not TEF MIS): Oct 10% · Nov 18% · Dec 17% = 45% of the list posted by year-end. Turn the workbook when Programmes name the real calendar. $5,000 seed remains on the named bank’s book — never on this glass.
| Oct | Nov | Dec | Q4 cum |
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2027 · rest of this cycle, then the next Nigerian slice
Working: 40% of this list still posts in 2027 H1 as training/audit catch-up. Next-cycle Nigeria defaults to the same 1,380 working count, 50% posting in 2027 H2 — a planning slice, not a promise of 54 countries. One stamp per entrepreneur per cycle.
| H1 rest of cycle | H2 next Nigerian slice | FY 2027 |
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A ticket beside the grant. A youth who can show the post when the agent glass is blind. No founder file on our book. The named bank keeps 100% of the seed and of NIBSS. Africapitalism does not become a monitoring app we host.
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Programme-time save at 50% capture of last-mile arguments · Q4 2026 + 2027
The programme seat. Then ₦12 only after the 20,000 bundle burns. Not a percent of $5,000. Not a percent of alumni revenue TEF already publishes.
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Seat + ₦12 after bundle · same window
Unit · one Nigerian entrepreneur
One seed post when the named bank succeeds. $5,000 on their book, not ours.
Working last-mile argument rate 6% of posted seeds · ₦40,000 programme / partner time each · 50% capture.
Our stub ₦12 after a successful post · ₦0 if the bank never posted.
Cover of ₦12 is the wrong speech here. A bank till runs 150 posts a day. A Foundation cohort posts once per entrepreneur. The seat is the sitting. The ticket is the product. ₦12 is the honest line after the bundle so nobody thinks proof is free and only SMS is paid.
Live walk (no dests, no applicant file): https://snivai.net/tef
Workbook: TEF_NIGERIA_COHORT_2026-09-21.xlsx
UBA Nigeria is a separate bank envelope — do not mix the two sittings.