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Dangote Unveils ₦1 Trillion Scholarship Scheme for 1.3 Million Nigerian Students

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Chairman of the Aliko Dangote Foundation (ADF) and the President of Dangote Group, Aliko Dangote, has announced a ₦1 trillion scholarship programme to expand access to education and promote academic excellence across Nigeria.

Biztellers reports that starting in 2026, the initiative will support over 1.3 million students from all 774 local government areas, with ₦100 billion committed annually for 10 years.

The programme targets Nigeria’s most vulnerable learners and is structured into three categories: Aliko Dangote STEM Scholars – 30,000 undergraduates in public universities and polytechnics will receive tuition support of up to ₦600,000 per year; Aliko Dangote Technical Scholars – 5,000 TVET trainees will get essential study materials and technical tools; MHF Dangote Secondary School Girls Scholars – 10,000 girls in public schools will receive uniforms, books, and learning supplies, prioritizing states with high out-of-school rates.

To be Implemented in partnership with NELFUND, JAMB, NIMC, NUC, NBTE, WAEC, and NECO, the scheme will use a merit-based, fully digital system for selection and disbursement. Dangote emphasized that this is a strategic investment in human capital, aimed at reducing inequality and driving national development.

The initiative aligns with government education reforms and will be overseen by a Programme Steering Committee chaired by Emir of Lafia, Justice Sidi Dauda Bage. Dangote pledged 25% of his wealth to sustain the programme, with progress reviewed under Dangote Group’s Vision 2030 strategy.

The programme is to be implemented through strong collaboration with national institutions including NELFUND, JAMB, NIMC, NUC, NBTE, WAEC, and NECO, ensuring transparent beneficiary selection, verification, and efficient digital disbursement. Heads of all the agencies were present at the launch.

Dangote said the intervention is aimed at Nigeria’s most vulnerable learners, noting that financial hardship, not lack of talent, is the primary reason many drop out of school.

“This is not only charity. This is a strategic investment in Nigeria’s future. Every child we keep in school strengthens our economy. Every student we support reduces inequality. Every scholar we empower becomes a future contributor to national development,” he said. “Our young people are not asking for handouts. They are asking for opportunities. They are asking for a chance to learn, to grow, to compete and to succeed. And we believe they deserve that chance.”

Dangote, who said the ADF which has historically focused on health and nutrition as core areas of human capital development emphasized that the current economic climate has made educational support an urgent imperative.

Said he: “No young person should have their future cut short because of financial hardship. We are stepping forward to ensure students stay in school and pursue their ambitions. This initiative is more than financial aid—it is an investment in human capital, with ripple effects on economies, societies, and future generations. When a student gets a scholarship, entire communities stand to benefit.”

He described education as “the foundation on which every prosperous society is built”, calling it the most powerful equaliser and the strongest engine of social mobility. Despite this, he warned that many talented Nigerian students continue to face financial pressures that threaten to push them out of school. Their dreams, he said, are limited not by ability but by opportunity. “We cannot allow financial hardship to silence the dreams of our young people — not when the future of our nation depends on their skills, resilience and leadership,” Dangote said.

Noting that this concern informed the Foundation’s new Education Support Initiative, Dangote stressed that the effort is intended as a starting point rather than a standalone solution. “A single organization cannot solve Nigeria’s education challenges alone,” he said. “The government has a role. The private sector has a role. Communities and families have their roles. When we work together, we can transform education — and with it, transform Nigeria’s future.”

Addressing young Nigerians directly, Dangote said: “your dreams matter. Your education matters. Your future matters. We believe in you. We are investing in you. And we are committed to ensuring that you do not walk this journey alone.”

The Foundation, he said, will use a merit-based and fully digital system for verification, disbursement and monitoring, working in partnership with NELFUND, JAMB, NIMC, NUC, NBTE, WAEC and NECO. Dangote said the focus will be on measurable outcomes including retention, completion rates and post-school impact. He noted that the vision behind the initiative is to give every deserving child the chance to learn — unfettered by cost, free to dream, and equipped to achieve.

To oversee implementation, a Programme Steering Committee has been constituted, chaired by His Highness Justice Sidi Dauda Bage, Emir of Lafia. Other members include former vice-chancellors, senior education administrators, technical advisors and representatives of the Dangote family.

Dangote also disclosed that the programme’s long-term sustainability is tied to his formal commitment to allocate 25 per cent of his wealth to the Aliko Dangote Foundation, adding that the progress on the initiative will be reviewed in 2030 as part of Dangote Group’s Vision 2030 strategy.

He commended President Bola Ahmed Tinubu’s Renewed Hope agenda in the education sector, alongside the Federal Ministry of Education, SUBEBs and state governments, for “deliberate and steady efforts” to support learners amid economic pressures.

Vice President Kashim Shettima who lauded Dangote for his vision in business and national development said the new intervention demonstrates the critical role of private-sector actors in national development. He noted that Nigeria’s demographic growth makes urgent investment in education indispensable, warning that “a population becomes a liability only when it is uneducated.”

“Alhaji Aliko Dangote, through his far-reaching philanthropy, has set in motion the single largest private-sector education support intervention in the history of this country,” Shettima said. “What he has done here today is a lesson to each of us. This is nation-building in its purest form.”

Shettima highlighted ongoing reforms under President Bola Ahmed Tinubu’s administration, including the Nigerian Education Loan Fund (NELFUND), strengthened basic education infrastructure through UBEC, expanded TETFUND interventions and accelerated technical and vocational programmes.

He said these reforms aim to improve Nigeria’s poor Human Capital Index ranking and prepare young people for a skills-driven global economy. Describing Dangote’s philanthropy as “structural and long term,” Shettima said the initiative aligns strongly with the government’s priority of expanding equitable access to education.

“No nation surpasses the aspirations of its most committed patriots,” he said.

“The legacy of Alhaji Aliko Dangote reminds us that greatness is not measured by wealth but by the number of lives one lifts from the shadows into the light.”

The Vice President added that the Aliko Dangote Foundation programme will widen opportunities for thousands of learners and bolster the FG’s efforts to build a competitive workforce. He called for stronger collaboration between government, the private sector and development partners to address persistent gaps in the education system.

In his presentation, Education Minister Tunji Alausa described the initiative as “pure human capital development,” saying it aligns with the Tinubu administration’s education sector renewal plan of transforming Nigeria from resource-based economy to a knowledge-based economy and is significant because every local government area will benefit.

He said by the end of the first decade of the execution of the scholarship programme, it is estimated that over 170,000 girl child would have gone to school.

Lagos State Governor Babajide Sanwo-Olu, speaking on behalf of the 36 state governors, also commended the initiative and pledged the governors’ full support.

Chairman of the Programme Steering Committee, His Highness Justice Sidi Dauda Bage, Emir of Lafia, said the scheme is unprecedented and praised Dangote’s patriotism in reinvesting his wealth to uplift other Nigerians.

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The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, said Dangote’s impact in driving private-sector transformation remains unmatched, describing the new initiative as both transformational and a strategic investment in Nigeria’s future.

He recalled how ADF had come to the aid of his community during a devastating communal feud that led to destruction of several properties.

In her virtual remark from the United States of America, United Nation deputy secretary General, Amina Mohammed said the scholarship scheme will provide an environment for children to learn and for families to prosper.

The scholarship programme represents the most extensive private-sector scholarship commitment in Nigeria’s history and reinforces ADF’s mission to expand opportunities, drive social impact, and enhance the wellbeing of individuals and communities across the country.

Photo caption, from left: Kano State Governor, Abba Kabir Yusuf; Gombe State Governor, Muhammadu Inuwa Yahaya; Nasarawa State Governor, Abdullahi Sule; Vice President of Federal Republic of Nigeria, Kashim Shettima; Chairman Steering Committee, ADF Scholarship Programme; Justice Sidi Bage, JSC; Chairman, Aliko Dangote Foundation, Aliko Dangote; Ooni of Ife, Oba Adeyeye Enitan Ogunwusi (Ojaja II); Chairman, BUA Group, Abdulsamad Rabiu; Deputy Governor of Kaduna State, Hadiza Balarabe; Lagos State Governor, Babajide Sanwo-Olu, at the launching of Aliko Dangote Foundation (ADF) N100 Billion Education Scholarship Initiative nationwide in Lagos on Thursday, December 11, 2025

NEWS

Why SEC Ordered Immediate Refunds Over Dangote Refinery IPO Promotions

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The Securities and Exchange Commission (SEC) has explained why it directed capital market operators to immediately refund funds collected from investors in connection with a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE.

In a public notice issued on Tuesday, the Commission revealed that it had observed the circulation of advertisements, flyers, digital banners, and electronic messages across social media and investment platforms inviting members of the public to invest in the refinery through an alleged IPO.

ALSO READ: ‘Nigerian Marketers Import Dangote Fuel Via Lome Hub’

According to the SEC, the purported offer has not received regulatory approval, as the Commission has neither received nor approved any application from Dangote Petroleum Refinery & Petrochemicals FZE for a public offering.

The regulator expressed concern that some registered capital market operators were actively promoting the unapproved offer and soliciting subscriptions from prospective investors.

Explaining the reason for its directive, the SEC stated that the campaign was misleading and amounted to market manipulation capable of creating false expectations among investors and undermining confidence in Nigeria’s capital market.

The Commission noted that invitations encouraging members of the public to open accounts, pre-fund investments, or reserve guaranteed share allocations for the alleged IPO violate provisions of the Investments and Securities Act as well as existing market regulations.

As a result, the SEC ordered all registered operators, including stockbrokers and promoters of digital investment platforms, to immediately cease all advertising and promotional activities relating to the purported offer.

The Commission further directed operators to remove all related promotional materials from their websites, social media pages, and other communication channels within 24 hours.

In addition, firms were instructed to stop accepting deposits, investment commitments, account registrations, or expressions of interest linked to the alleged public offering.

To protect investors from potential losses, the SEC ordered any operator that had already collected funds in connection with the purported IPO to refund such monies within 24 hours.

The regulator warned that any operator that fails to comply with the directive risks facing sanctions under the Investments and Securities Act 2025 and the SEC Rules and Regulations.

The Commission also advised Nigerians to rely only on information released through approved regulatory channels and to ignore unofficial promotional campaigns or investment solicitations concerning the refinery.

SEC added that if Dangote Petroleum Refinery & Petrochemicals FZE eventually decides to proceed with a public offering and secures regulatory approval, an authorised prospectus will be published in line with the law.

The directive comes amid reports that the Dangote Group is considering listing a 10 per cent stake in its $20 billion refinery through a Pan-African IPO expected in 2026.

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NEWS

‘Tissue of Lies’ — Dangote Refinery Explodes Over Claims of Fuel Re-Importation Through Togo

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Dangote Petroleum Refinery has strongly dismissed allegations that its petroleum products are exported to Lomé, Togo, and later re-imported into Nigeria, describing the claims as a “tissue of lies” and lacking both factual and commercial basis.

In a statement released by its management on June 23, 2026, the refinery said the allegations were not supported by available trade flows or commercial logic, insisting that reports suggesting its products are routed through Togo before returning to Nigeria are false.

SEE ALSO: Crude Supply Crisis Hits Dangote

The company stated that although it typically avoids responding to what it described as baseless and unsubstantiated claims, it was compelled to address the issue to set the record straight and preserve the facts for posterity.

“As a matter of policy, we do not respond to baseless and unsubstantiated claims, given our current determination and focus in ensuring energy security in Nigeria and Africa as a whole. However, we have decided to clear the air on these ill-motivated web of falsehoods for posterity,” the statement read.

Dangote Refinery said one of its primary objectives is to maintain and strengthen its position as a leading supplier of refined petroleum products in Nigeria, noting that facilitating imports that directly compete with its own products would contradict its business goals.

According to the company, its sales contracts and tender agreements expressly prohibit buyers from reselling or re-importing products into Nigeria.

The refinery further argued that the economics of such a trade arrangement make no sense.

It explained that transporting petroleum products from the refinery to Lomé and subsequently back into Nigeria would cost between $82 and $90 per metric tonne, significantly reducing profitability and making such transactions commercially unattractive.

It added that it does not provide export discounts large enough to offset those logistics costs or create any viable arbitrage opportunity between export and domestic markets.

“Simply put, there is no evident commercial incentive for a producer to incur additional shipping, storage, financing and handling costs only for the product to return and compete in its largest and closest market,” the company said.

Dangote Refinery also highlighted its strict product traceability and compliance measures, revealing that it maintains detailed records of all product sales, including lifting locations, nominated vessels, counterparties and destination declarations where applicable.

The company maintained that any suggestion it knowingly facilitates the re-importation of its products is inconsistent with its contractual restrictions and established compliance procedures.

Reaffirming its commitment to Nigeria’s energy independence, the refinery said it has consistently advocated for reducing the country’s dependence on imported petroleum products, warning that increased imports undermine local refining efforts, place pressure on foreign exchange reserves and weaken domestic industrial development.

“It would therefore be inconsistent with both the refinery’s commercial interests and its publicly stated position to support or encourage practices that increase imports into Nigeria,” the statement added.

The refinery concluded that there is neither a strategic rationale nor a commercial incentive for it to export products to neighbouring countries for subsequent re-importation into Nigeria, stressing that the allegations are not supported by the economics of the trade, contractual arrangements, product traceability records or its long-standing commitment to strengthening domestic refining capacity.

 

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International News

Panic in Europe as France Records First-Ever Ebola Case

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France has confirmed its first-ever case of Ebola virus disease, triggering concern across Europe as health authorities move swiftly to contain the deadly infection.

The French Health Ministry announced on Wednesday that a doctor returning from the Democratic Republic of Congo (DRC), which is currently battling a major Ebola outbreak, tested positive for the virus after arriving in France.

SEE ALSO: Fresh Ebola Alert: Lagos Tightens Airport Surveillance as Virus Threat Looms

According to officials, the patient was immediately isolated upon arrival, even before laboratory tests confirmed the diagnosis, helping to reduce the risk of transmission.

In a statement, the ministry confirmed the identification of “a first positive case of Ebola virus disease on national territory,” marking the first time the virus has been detected in France.

The development also represents the first confirmed Ebola case recorded outside Africa during the current outbreak, which has affected both the Democratic Republic of Congo and Uganda.

French authorities disclosed that the case was detected in mainland France, while Prime Minister Sebastien Lecornu is closely monitoring the situation as health agencies intensify surveillance and response measures.

The current outbreak in the DRC was officially declared on May 15 following a series of unexplained deaths in the eastern Ituri Province.

The outbreak involves the Bundibugyo strain of the Ebola virus, for which there is currently no approved vaccine or specific treatment.

Despite growing concerns, public health experts have stressed that the risk of widespread global transmission remains low because Ebola is less contagious than many airborne infectious diseases.

The virus spreads through direct contact with infected bodily fluids and contaminated materials.

Ebola is a severe and often fatal haemorrhagic fever that can cause symptoms including high fever, weakness, muscle pain, vomiting, diarrhoea, and in severe cases, internal and external bleeding.

French health authorities have assured the public that all necessary precautions are being taken to contain the case and prevent any further spread of the disease.

The announcement has nevertheless sparked anxiety across Europe, given the deadly nature of the virus and its emergence outside the African continent during the ongoing outbreak.

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