Africa’s Richest Man Dangote Gives N16 Million Scholarships to Nigerian Students
- On Wednesday, December 11, 2024, Dangote distributed N16,215,000 in scholarships to 120 underprivileged pupils
- In a statement, his company said the initiative is a component of Dangote Cement management's 2024 Community Day celebration
- It also reiterated its commitment to improving the standard of living for those in the communities it serves
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
As part of the celebrations for its 2024 Community Day, the management of Dangote Cement Plc, Ibese, in Yewa North local government area of Ogun state, awarded scholarships totalling N16,215,000 to 120 indigent students on Wednesday, December 11, 2024.
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The company has also reaffirmed its dedication to enhancing the quality of life for the people who live in the communities it serves, characterizing them as important collaborators in accomplishing its objectives of promoting economic success for the country's advancement.
Roy Uttam, the cement factory's Ibese Plant Manager, revealed this at the 2024 Community Day, which was hosted on the company's grounds to thank the 16 host communities.
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The event examined scorecards on the different intervention projects carried out by the company during the previous year.
The Punch reported that in the previous year, the company started 25 community projects, including health centre renovations, solar-powered borehole installations, electricity projects, and women's and youth empowerment, according to Ruttam.
He explained:
“As part of the company’s 2024 social investment projects, a symbolic presentation of a scholarship award to 120 outstanding and indigent students will be made today alongside the distribution of 55 chest freezers to support vulnerable women in starting or expanding their businesses.
“These efforts complement a range of initiatives, including a welfare program for fifty (50) elderly individuals, the provision of fertilisers, pesticides, and knapsack sprayers to 60 farmers, and other empowerment programs so far carried out in the course of the year.”.
According to Ruttam, because youth empowerment is highly valued, 30 young people who finished training in the production of shoes and leather bags earlier this year received starter packs worth millions of naira, and another 30 young people are now receiving training in POP, screeding, and painting.
However, the manager bemoaned the fact that the company had to renegotiate all of the contracts to guarantee that it provided the communities with the most value, citing the current economic climate with galloping inflation as a hurdle.
Dangote shares secret of running successful business
Legit.ng reported that the head of the Dangote Group, Aliko Dangote, has urged African business leaders to go beyond discussion and instead focus on decisive action and real results.
Speaking at the African Renaissance retreat in Rwanda, Dangote stated that although the continent faces many difficulties, its youthful population and plenty of resources present prospects for big and inclusive growth.
Africa is going through a major historical turning point, according to the billionaire businessman.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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