Aliko Dangote Foundation Spends N1.5bn on Bayero College’s PG college students

Aliko Dangote Foundation (ADF), chaired by Africa’s wealthiest man, Aliko Dangote, has signed a Memorandum of Understanding (MoU) value N1.5 billion with Bayero College Kano (BUK), for post-graduate college students of the Dangote Enterprise School positioned within the tertiary establishment.

The MoU, which was signed on the fundamental auditorium of the Dangote Enterprise School, Kano on Tuesday, supplies a sum of ₦300 million yearly over 5 years as scholarship awards to all eligible MBA, entrepreneurship, and administration postgraduate college students.

Below the MoU, collectively signed by Member, Board of Trustees of the ADF, Hajiya Mariya Aliko Dangote and the Vice Chancellor of the Bayero College, Prof. Haruna Musa, every beneficiary will obtain ₦150,000 per session, starting with the 2024/25 tutorial session. That is equal to 50 per cent of the present N300,000 payment paid by the post-graduate college students. There are 1,225 college students within the Enterprise School (696 contemporary and 529 returning college students).

On the occasion, which was properly attended by the College of the BUK, high ADF officers, and scores of post-graduate college students, Aliko Dangote, Chairman, Aliko Dangote Foundation and Group President, Dangote Industries Restricted, represented by ADF Board Trustee, Mariya Aliko Dangote, famous, “Our imaginative and prescient on the Foundation is to construct human capital that interprets into financial alternative. Strengthening enterprise and entrepreneurship schooling is essential to turning information into enterprise, innovation, and jobs. This scholarship deepens our dedication to Dangote Enterprise School by investing straight within the subsequent technology of enterprise leaders and change-makers.”

Prof. Haruna Musa, Vice Chancellor of Bayero College Kano, who lauded the initiative, mentioned, “This assist comes at a essential time for a lot of households. Past monetary reduction, it strengthens the Enterprise School’s position as a centre for growing entrepreneurial and administration expertise, notably for ladies who’re more and more taking management roles in enterprise.”

Responding on behalf of the beneficiaries, Khalid Bababubu, who’s into manufacturing and specialises in MBA, Finance and Funding, thanked the Aliko Dangote Foundation chaired by Aliko Dangote for his immense assist. “We’re pleased to be beneficiaries of this initiative. Training is the bedrock of nationwide growth, and we won’t take this scholarship as a right.”

The initiative, titled ‘MHF Dangote Graduate Enterprise Scholarship’  marks a strategic shift in ADF’s long-standing partnership with the Enterprise School, transitioning from infrastructure assist to direct funding in individuals and enterprise management growth.

This programme is distinct from ADF’s lately introduced nationwide STEM schooling interventions. Whereas the STEM initiatives give attention to science and expertise pathways at secondary and undergraduate ranges throughout Nigeria, the Dangote Enterprise School scholarship is a postgraduate, institution-anchored funding designed to strengthen entrepreneurship, administration capability, and enterprise management.

For the reason that Dangote Enterprise School complicated was commissioned in 2018, ADF has supported the ability upkeep on the faculty. The brand new scholarship represents a deliberate shift from onerous infrastructure to smooth infrastructure, investing straight within the individuals who will drive enterprise, job creation, and financial progress.

The programme covers each new and returning college students. Newly admitted college students will obtain computerized tuition reductions throughout registration and returning college students who’ve already paid in full will obtain rebates. The ₦300 million allocation is structured to cowl all eligible postgraduate college students primarily based on present enrolment capability.

Any unutilised steadiness within the first 12 months can be retained throughout the Dangote Enterprise School growth envelope to strengthen studying infrastructure and digital tutorial capability, guaranteeing continued enhancement of the educational setting.

The mission of the Aliko Dangote Foundation is to reinforce alternatives for social change by way of strategic investments that enhance well being and wellbeing, promote high quality schooling, and broaden empowerment alternatives for people and communities.

Bayero College Kano, considered one of Nigeria’s foremost greater schooling establishments, is dedicated to excellence in instructing, studying, and analysis. The College’s Dangote Enterprise School is a centre of excellence for postgraduate schooling in enterprise, entrepreneurship, and administration.