Chairman of the Ɗangote Group, Aliko Ɗangote has said that his foundation would invest $700 million (roughly ₦1.016 tr) in education over the next 10 years.
At the 2025 Doha Forum in Doha, Qatar on Sunday, the business magnate committed to supporting over 155,000 Nigerians who will be drawn across secondary schools and universities in the country.
ÆŠangote, during a panel session that featured Bill Gates and Sheikha Al-Mayassa, discussed how innovation, philanthropy, and cultural investment are reshaping opportunity across Africa and beyond.
He said the investment is poised to reduce the number of children who are out of school in Nigeria, and provide more man-power with the technical capacity to advance the economy of Nigeria.
“In Africa, we have a population of about 1.4 billion people, so partnership is important”, he said.
According to him, “Partnership also matters, that is why we partnered with the Bill and Melinda Gates Foundation to eradicate polio in Nigeria. We have a lot of children that are out of school so what we are going to launch next week is a $700 million fund to fund education.
“We will run it for ten years then we review. We are doing that because we have a lot of challenges in Africa, one of which is training”.
He noted that the ÆŠangote Petrochemical has trained more than 50,000 Nigerians to ensure the smooth operation of the 160,000 barrel-per-day refinery.
He said the skilled workforce will be redeployed as part of the refinery’s ongoing expansion, while his investment in education will increase talents for industries in Nigeria.
