The Federal Authorities has introduced a partnership with the Aliko Dangote Foundation to launch a N100 billion annual training scholarship fund aimed toward increasing entry for Nigerian college students.
The announcement was made in Lagos through the official unveiling attended by Vice President Kashim Shettima.
The event comes as the federal government intensifies efforts to handle long-standing gaps in human capital growth and rising issues about entry to high quality training nationwide.
What they’re saying
The fund is designed to assist college students throughout varied ranges of training and scale back monetary obstacles that maintain tens of millions out of faculty. Vice President Kashim Shettima counseled the Foundation for its intervention, stating that the partnership will assist broaden alternatives for younger Nigerians and strengthen the nation’s future workforce.
Aliko Dangote defined that the N100 billion yearly allocation displays the Foundation’s dedication to making sure that no gifted scholar is held again because of restricted sources.
The announcement reinforces ongoing nationwide conversations round training reforms, abilities growth, and the necessity for stronger company involvement in tackling Nigeria’s structural challenges.
Ten-year funding pledge
On the 2025 Doha Discussion board in Qatar, Aliko Dangote introduced that his basis will make investments $700 million in Nigerian training over the following decade. He said that the programme will assist greater than 155,000 secondary and college college students, with the aim of lowering the variety of out-of-school youngsters and bettering entry to abilities that elevate family incomes.
Throughout a panel session with Invoice Gates and Sheikha Al Mayassa, Dangote mentioned how non-public funding and philanthropy can drive inclusive development in Africa.
“In Africa, we have now about 1.4 billion individuals, so partnership is vital,” he mentioned.
He famous that the $700 million programme will sort out considered one of Africa’s most pressing challenges: coaching.
“We’ve got quite a lot of youngsters out of faculty. We’ll run the fund for ten years after which evaluate,”he mentioned
Dangote added that the Dangote Petrochemical challenge has already educated greater than 50,000 Nigerians to assist operations at its 160,000-barrel-per-day refinery, a lot of whom will proceed to play key roles as the ability expands.
What you need to know
Dangote, whose web value is estimated at $30.2 billion, has constructed considered one of Africa’s most diversified industrial teams with pursuits in cement, sugar, salt, petrochemicals and refining.
The billionaire introduced plans to double the capability of his $20 billion oil refinery in Lagos to 1.4 million barrels per day (b/d), positioning it as probably the world’s largest refinery. As soon as accomplished, the upgraded facility would surpass India’s 1.36 million b/d Jamnagar refinery, presently the biggest on this planet.
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