Dangote has invested more in nigerian varsities than any individual
That's a great piece of information! Aliko Dangote, the Nigerian business magnate and founder of the Dangote Group, has indeed made significant investments in Nigerian universities.
According to reports, Dangote has invested over N10 billion (approximately $27 million) in various Nigerian universities, making him the individual who has invested the most in Nigerian higher education institutions.
Some of the notable investments made by Dangote include:
- The Dangote Business School at the Bayero University, Kano, which was established in 2012 with a donation of N1.5 billion (approximately $4 million).
- The Dangote Centre for Entrepreneurship and Innovation at the University of Lagos, which was established in 2015 with a donation of N500 million (approximately $1.3 million).
- The Dangote Foundation's scholarship program, which has awarded scholarships to over 1,000 students in Nigerian universities since its inception in 2014.
- The construction of a new faculty building at the University of Ibadan, which was completed in 2019 with a donation of N1.2 billion (approximately $3.2 million).
Dangote's investments in Nigerian universities are aimed at promoting entrepreneurship, innovation, and economic development in the country. His philanthropic efforts have also helped to improve the quality of education and infrastructure in Nigerian universities.
It's worth noting that Dangote's investments in Nigerian universities are part of his broader efforts to give back to his community and contribute to the country's development. He has also made significant investments in other areas, such as healthcare, infrastructure, and agriculture.