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Dangote Granite Mines Offers Ijebu-Igbo Host Community’s Students Scholarships

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In an apparent expression of commitment to education in Nigeria, the Dangote Granite Mines Limited has awarded multi-million naira scholarships to secondary school and tertiary institution students at Ijebu-Igbo, Ijebu-North Local Government Area, Ogun State.

Biztellers reports that this is part of the company’s social investment programme aimed at promoting educational development in its host communities.

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The company stated that the scholarship initiative underscores its commitment to empowering local communities through education and contributing to their overall development.

Describing the programme as a key component of its Corporate Social Responsibility and Sustainability (CSR) activities, the Company’s General Manager of Community Relations, Joseph Alabi, noted that the scholarship award is an annual event designed to enhance educational opportunities for the community and align with broader educational goals in the state and Nigeria.

During the scholarship presentation, attended by traditional rulers and government officials in Ijebu-Igbo, Alabi noted that the company has consistently supported the Nigerian educational sector by establishing scholarship programmes in all the communities where it operates.

According to Alabi, the scholarship reflects the company’s dedication to supporting Nigerian youths through education, underscoring its commitment to educational interventions for students from host communities impacted by its operations.

In his words, “By supporting these students, we are investing in their future and the future of Nigeria. That is why we are here today to award scholarships to 40 tertiary students and 20 secondary school students.”

Alabi pointed out that the Dangote Group is renowned for its community development initiatives, crediting the supportive relationship with host communities for the company’s ongoing efforts.

“The host communities have encouraged us to continue our work, providing a conducive operating environment and fostering productive partnerships,” he added.

He remarked on the success of the programme, stating, “This initiative has helped students, especially those whose parents struggle to afford education, pursue their academic ambitions with greater ease. Beneficiaries will enjoy the scholarships until they graduate.”

While congratulating the recipients, Alabi urged them to remain dedicated to their studies, strive for excellence, and always give their best. “Your achievements are a testament to your determination, perseverance, and commitment to excellence, and we are honoured to celebrate your success with you today,” he said.

In his remarks, Oba (Dr.) Mufutau Adesesan Yusuf, the Sopenlukale of Oke Sopen, commended Dangote Group Chairman Alhaji Aliko Dangote for the various initiatives benefiting the community. He expressed satisfaction with the ongoing scholarship awards over the past five years and encouraged other industrialists to follow Dangote’s example for the growth of the nation.

The Oba urged parents to utilize the funds for their intended purpose, emphasizing that this would encourage the organization to continue its support for the community.

In response, some beneficiaries expressed their gratitude to Dangote Granite Mines, stating that the scholarships had significantly eased their educational expenses. Oladuni Ibrahim, a student at The Polytechnic Ibadan, thanked the Dangote Group for the scholarship, noting it has lessened the financial burden on their families amidst current economic challenges.

“The scholarship has benefited us immensely by supporting less privileged students who aspire to further their education and achieve their dreams despite financial obstacles,” she stated.

Through the Aliko Dangote Foundation (ADF), the Dangote Group continues to contribute to the educational system in Nigeria and Africa, believing that education is the foundation of any successful society.

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Nigeria Can Achieve 5.5% GDP Growth – NESG

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The Nigerian Economic Summit Group (NESG) has projected that the country has the potential to achieve a 5.5% growth in Gross Domestic Product (GDP) if critical policy reforms are sustained.

This was disclosed on Thursday during the launch of the NESG’s 2025 Macroeconomic Outlook report.

Speaking at the event, the Chief Economist and Director of Research & Development at NESG, Dr. Olusegun Omisakin, highlighted the need for more efficient policy implementation to unlock Nigeria’s economic potential.

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“We believe at the optimal level, if we embark on more efficient policy reforms, the Nigerian economy has the potential, the GDP to end up at 5.5 per cent, and we believe that this is achievable,” Omisakin stated.

 

 

 

 

 

 

More to follow………. 

 

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CBN Approves Release Of Nigerian FX Code

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CBN Prohibits Foreign Banks' Rep Offices From Banking Operations

The Central Bank of Nigeria (CBN) has announced the release of the Nigerian Foreign Exchange (FX) Code, a set of guidelines designed to promote ethical conduct among authorized dealers in the country’s FX market.

In a statement, the apex bank disclosed that the official launch of the Code would take place on Tuesday, January 28, 2025, at the CBN Head Office Auditorium in Abuja.

READ MORE: Dangote Denies Culpability In Pumping Up Petrol Price

“The Central Bank of Nigeria has approved the release of the Nigerian Foreign Exchange (FX) Code as a guideline to the banking industry to promote the ethical conduct of authorised dealers in the Nigerian Foreign Exchange Market,” the statement read.

The introduction of the FX Code is expected to enhance transparency, accountability, and professionalism within Nigeria’s foreign exchange ecosystem, aligning it with global best practices.

The event is anticipated to attract key stakeholders in the financial and banking sectors, as well as representatives from authorized FX-dealing institutions across the country.

 

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How Trump Plans To Grow American Economy By $1 Trillion Daily

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The 47th President of the United States, Donald Trump attracted up 3 trillion dollars in investments into the country’s economy in his first full day at work.

This was gleaned from the verified handle of the POTUS on micro-blogging site, X, on Wednesday.

Biztellers reports that the POTUS is focused ensuring at least $1 trillion investment daily for the first seven days of his return to the White House, which would be driven by key clearly identified areas, including artificial intelligence.

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President Trump wrote, “In total, before the end of my first full business day in Washington and the White House, we’ve already secured nearly $3 trillion of new investments in the United States.

“And probably, that’s going to be six or seven by the end of the week.”

In a short video clip accompanying the statement, President Trump assured that the surge in investments would likely hit $7 trillion within his first seven days as the 47th POTUS.

He highlighted that artificial intelligence had proven to be an area lots of willing entrepreneurs had shown much appetite for.

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