Nigeria’s richest man Aliko Dangote has been named the 6th
most charitable individual in the world, by Richtopia, a UK based organization.
Dangote, in 2014 endowed the foundation with $1.25 billion,
making it one of the largest private foundations in Africa. Prior to this, the
foundation depended on donations from various firms within the Dangote Group.
The foundation began operations in 1981 but was incorporated in 1994. Its
operations span across Nigeria and the rest of Africa.
Some initiatives by the Foundation
In April last year, the Dangote foundation in collaboration
with the Bill and Melinda Gates Foundation, engaged more than 138,000
vaccinators to conduct vaccinations across five African countries in the Lake
Chad area.
In May this year, the foundation provided N130 million as a
grant for 13,000 women across the 13 local government areas of Nasarawa state.
The foundation in July this year, donated the Aliko Dangote
Complex, a N300 million naira ultra-modern building to the University of
Ibadan, School of Business, at the Ajibode University extension, Ibadan.
Aliko Dangote is Nigeria’s richest billionaire with holdings
in the capital market valued at N3.5 trillion as at July 2018.
Dangote Cement accounts for about a third of the market
capitalization on the Nigerian Stock Exchange. Dangote Group is a diversified
conglomerate, with interests across a range of sectors in Africa. Current
interests include cement, sugar, flour, salt, pasta, beverages and real estate,
with new projects in development in oil and natural gas, telecommunications,
fertilizer, and steel.
