Dangote, Abdulsamad, Other Nigerian Billionaires Raise N17.5bn for IBB’s Presidential Library
- Aliko Dangote has pledged N8 billion for the establishment of the IBB Presidential Library, with a promise to donate N2 billion annually for four years and to continue if necessary
- Abdulsamad Rabiu, who described the library as a “sanctuary of memory” also contributed N5 billion, and hailed Babangida's legacy
- Other prominent donors included Theophilus Danjuma (N3 billion), Godswill Akpabio (N50 million), Arthur Eze (N500 million), and Mustafa Chike-Obi (N100 million)
Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.
FCT, Abuja - On Thursday, February 20, 2025, the Chairman of Dangote Group, Aliko Dangote, and the Chairman of BUA Group, Abdulsamad Rabiu, were part of the dignitaries that raised billions of naira for the establishment of a presidential library for former military president, Ibrahim Babangida, on Thursday.
Source: Twitter
Dangote pledges N2 billion annually for four years
Dangote announced a donation of N6 billion, saying that he will be supporting the project with N2 billion annually for a period of four years. He added that he will continue the contribution if the project drags beyond four years.
“I will contribute N2b annually for the next four years, which is N8b to the development of the IBB Presidential Library. If the project drags more than four years, I will continue to pay N2b every year,” Dangote said.
As reported by Channels TV, Dangote hailed Babangida as the one that established private sector in Nigeria, saying that all the bigwigs in the private sector toady was created by the ex-military leader.
He recalled how Babangida gave almost 30 of them banking licenses on a particular day.
Source: Twitter
Abdulsamad pledges N5 billion for IBB's library
Abdulsamad commended Babangida for the book and presidential library launched, announcing a donation of N5 billion for the project.
“We are gathered to celebrate more than a person, a building, or an archive. We are gathered to celebrate a sanctuary of memory, a testament to the vision, complexity, and enduring legacies of one of Nigeria’s transformative leaders, General Ibrahim Babangida,” Abdulsamad said.
IBB's library: TY Danjuma, Akpabio, other donors
Meanwhile, the founder of the TY Danjuma Foundation, Theophilus Danjuma, donated N3 billion; Senate President, Godswill Akpabio, donated N50 million; Nigerian billionaire and businessman, Arthur Eze, donated N500 million; and Mustafa Chike-Obi donated N100 million.
Read more about IBB, others here:
- Tinubu finally mentions how Babangida inspired him to join politics, video trends
- Gowon speaks on how IBB restored his honour, “I had a very rough time", video surfaces
Babangida speaks on June 12 annulment
In another development, Legit.ng reported that former military president Ibrahim Badamosi Babangida on Thursday, February 20, opened up on the annulment of the June 12, 1993, presidential election.
According to Babangida, the annulment of the June 12, 1993, presidential election was for the “national interest”.
IBB as he is fondly called accepts full responsibility for all his decisions and all that happened under my watch.
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Source: Legit.ng
