THE President and Chief Executive of Dangote Group, Aliko Dangote has
said that his recent listing in the Forbes magazine would spur him on
to further commit himself to reduction of poverty among Nigerians
through creation of gainful employment
He said he has always believed that the worth of a man does not consist in his wealth but the number of lives he is able to impact positively.
Speaking against the background of fresh injection of N200 billion into the Dangote Foundation, Dangote said he would pursue the task of poverty reduction and health management with renewed vigour.
Dangote who was recently named the 23rd richest man in the world and the richest in Africa said: “Dangote foundation is now 20 years old. This initial endowment will
assure that Dangote Foundation has secure and steady funding to carry out its mission as we significantly scale up our work.”
He announced the reconstitution of the board of trustees of the Foundation now with himself as the Chairman, Sani Dangote, Halima Aliko Dangote, Olakunle Alake, A B Mahmoud, SAN, Aigboje Aig-Imoukhuede, Angela Adebayo, Hajara Adeola and Yvonne Ike.
“And last year we appointed Adhiambo Odaga, Managing Director to grow the Dangote Foundation team. The stage is set now for the next stage of our institutional growth.”
“Going forward- from the second quarter of this year, we will lay greater emphasis on youth and women empowerment through large scale efforts that cultivate meaningful change in their lives.”
Dangote established Dangote Foundation in 1994 to extend the impact of his growing business operations.
Current interventions that focus on youth and women, include a national cash transfer programme designed to complement state governments’ poverty alleviation programmes by providing N 10,000 grants to at least 1,000 women and youth in each of Nigeria’s 774 Local Government Areas, LGAs.
It has already reached 256,500 women and youth across the 157 local government areas in Kano, Jigawa, Kogi, Adamawa, Yobe and Borno.
The next phase of cash disbursement will target select states in the South-West geopolitical zone.
The innovative N10 billion Dangote Foundation/Bank of Industry micro, small and medium enterprises fund stimulates economic growth and job creation.
Dangote Foundation’s funds are offered at zero per cent interest rate.
136 businesses in 27 states have accessed the fund so far.
According to Forbes, Dangote remains the first black man to be ranked among the top 25 richest men in the world.
He said he has always believed that the worth of a man does not consist in his wealth but the number of lives he is able to impact positively.
Speaking against the background of fresh injection of N200 billion into the Dangote Foundation, Dangote said he would pursue the task of poverty reduction and health management with renewed vigour.
Dangote who was recently named the 23rd richest man in the world and the richest in Africa said: “Dangote foundation is now 20 years old. This initial endowment will
assure that Dangote Foundation has secure and steady funding to carry out its mission as we significantly scale up our work.”
He announced the reconstitution of the board of trustees of the Foundation now with himself as the Chairman, Sani Dangote, Halima Aliko Dangote, Olakunle Alake, A B Mahmoud, SAN, Aigboje Aig-Imoukhuede, Angela Adebayo, Hajara Adeola and Yvonne Ike.
“And last year we appointed Adhiambo Odaga, Managing Director to grow the Dangote Foundation team. The stage is set now for the next stage of our institutional growth.”
“Going forward- from the second quarter of this year, we will lay greater emphasis on youth and women empowerment through large scale efforts that cultivate meaningful change in their lives.”
Dangote established Dangote Foundation in 1994 to extend the impact of his growing business operations.
Current interventions that focus on youth and women, include a national cash transfer programme designed to complement state governments’ poverty alleviation programmes by providing N 10,000 grants to at least 1,000 women and youth in each of Nigeria’s 774 Local Government Areas, LGAs.
It has already reached 256,500 women and youth across the 157 local government areas in Kano, Jigawa, Kogi, Adamawa, Yobe and Borno.
The next phase of cash disbursement will target select states in the South-West geopolitical zone.
The innovative N10 billion Dangote Foundation/Bank of Industry micro, small and medium enterprises fund stimulates economic growth and job creation.
Dangote Foundation’s funds are offered at zero per cent interest rate.
136 businesses in 27 states have accessed the fund so far.
According to Forbes, Dangote remains the first black man to be ranked among the top 25 richest men in the world.