Covid-19, Education, 3 Other Philanthropic Causes of Nigerian Billionaire Mike Adenuga
- Mike Adenuga is a Nigerian billionaire who has committed his wealth to humanity
- He built his multibillion-dollar empire despite coming from a humble background
- He has donated funds to flood victims and educational development, among other causes
Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
Adenuga has made numerous significant contributions to worthwhile causes over the years, demonstrating a strong desire to make other people's lives better.
Adenuga overcame all the obstacles of growing up from a humble background and worked hard to build his multibillion-dollar empire.
Legit.ng had earlier spotlighted the big companies that Adenuga has a stake in, from telecommunications to oil andhers.
Source: UGC
He pledged to donate a sizeable amount of his fortune to charitable causes, even though his path to wealth creation was not easy.
He has demonstrated his philanthropy by endorsing healthcare and disaster relief efforts.
Additionally, he has funded several scholarships for deserving students. He believes that education is the key to ending poverty.
His kindness has had a profound effect on a large number of people in Nigeria and other countries.
Billionaire. Africa highlights the five donations of the business mogul
$4.2 million donation to the Nigerian government during COVID-19:
Adenuga gave the Nigerian government a substantial donation of N1.5 billion (about $4.2 million) in 2020 during the devastating COVID-19 outbreak to help fight the virus.
His kind donation made it simpler for the government to supply testing kits, safety gear, and other essential materials. The government was also able to construct isolation centres because of the financing.
$3.8 million gift to flood victims in the Niger Delta region
After floods destroyed their fields in 2012, Adenuga donated $3.8 million to the people of the Niger Delta region, demonstrating their unwavering dedication to helping those affected by natural calamities. His gift enabled them to support their family and get back on their feet.
$20.5 million yearly donation to facilitate access to quality education
One of the main reasons Adenuga started the Adenuga Foundation was because he firmly believed that education could change people's lives and destinies.
He has awarded millions of dollars in scholarships and bursaries through the foundation, enabling impoverished individuals to pursue higher education.
This kind of donation was used to fund educational initiatives and supplies that would give Nigerians and those living abroad greater educational chances.
Over $25 million donation to the sports sector in Nigeria
This deed demonstrated Mike Adenuga's outstanding commitment to developing sports in Nigeria. Adenuga has invested over $25 million in Nigerian sports assistance since 2002.
Additionally, he gave $250,000 to the Super Eagles, Nigeria's national football team, in 2014 to help them feel more confident before their match against France in the World Cup.
Millions of dollars to construct the headquarters of the Alliance Française Lagos:
In 2018, Mike Adenuga gave millions of dollars to help build the Alliance Française Lagos' new headquarters.
Few people were aware of his involvement in the building's completion until the French President paid a visit to Nigeria, during which he expressed his sincere gratitude for Adenuga's commitment to advancing French culture in Nigeria.
Glo Chairman Mike Adenuga to Earn N1.29 Billion From Conoil Dividends
Legit.ng reported that the Nigerian billionaire and Globacom Chairman Mike Adenuga was set to receive a significant N1.29 billion in dividends from his shareholding in Conoil Plc, a petroleum marketing company.
Adenuga's N1.29 billion dividends, which make up his lion's share of the entire N1.73 billion final dividends approved by the company's shareholders at the 53rd Annual General Meeting on September 22, 2023, would be paid into his account on September 29, 2023.
The dividend payout reflects the oil company's impressive performance throughout the 2022 financial year.
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Source: Legit.ng
