NEWS
Dangote Unveils ₦1 Trillion Scholarship Scheme for 1.3 Million Nigerian Students
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
DPRP Slashes PMS to ₦1,165/Litre, Diesel to ₦1,570/Litre
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel).
A company statement on Wednesday has it that the price reduction, which is part of reaffirmation of the company’s commitment to providing affordable, high-quality petroleum products to the Nigerian market is effective Thursday 6th of August, 2026.
Under the new pricing structure, the refinery has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre. Similarly, the ex-depot price of Diesel has been reduced to N1,570 per litre from N1,650 per litre, amounting to a decrease of N80 per litre.
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The price review reflects Dangote Refinery’s ongoing efforts to enhance energy affordability, improve access to refined petroleum products, and support economic activities across Nigeria. The refinery remains committed to ensuring stable supply while leveraging operational efficiencies to deliver value to consumers, businesses, and stakeholders.
As Africa’s largest refinery, Dangote Petroleum Refinery continues to play a pivotal role in strengthening Nigeria’s energy security, reducing reliance on imports, and supporting the nation’s economic development through the supply of world-class petroleum products.
The company reaffirmed its dedication to contributing to the growth of the Nigerian economy and passing on the benefits of improved operational efficiencies to consumers whenever market conditions permit.
NEWS
Wrong-Way Crane Leaves Three Dead, Three Injured in Ogun Auto Crash
Three people have lost their lives, while three others sustained varying degrees of injuries following a tragic road accident involving a crane and a truck along the Sagamu-Benin Expressway in Ogun State.
The fatal crash occurred at about 5:00 a.m. on Wednesday near Babcock Junction in Ikenne Local Government Area.
Confirming the incident, the spokesperson for the Ogun State Traffic Compliance and Enforcement Agency (TRACE), Babatunde Akinbiyi, said the accident involved a white Mercedes-Benz truck with registration number LG 59 BLF and a yellow crane without a registration number.
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According to Akinbiyi, preliminary investigations showed that the crane was travelling against traffic at excessive speed when it collided head-on with the oncoming truck.
He disclosed that six people—three males and three females—were involved in the crash.
“A total of three persons, comprising two males and one female, lost their lives, while three male victims sustained varying degrees of injuries,” Akinbiyi said.
He added that emergency responders from TRACE, the Federal Road Safety Corps (FRSC), the Nigeria Police Force, and a rescue team known as “Papa Oscar” swiftly arrived at the scene to rescue victims and manage the situation.
The injured victims were taken to the Babcock University Teaching Hospital for treatment, while the bodies of the deceased were deposited at the Olabisi Onabanjo University Teaching Hospital (OOUTH) morgue in Sagamu.
To ease traffic flow, authorities diverted vehicles from Delabo Junction to the second carriageway as efforts continued to evacuate the damaged vehicles from the highway.
Akinbiyi commiserated with the families of the deceased and cautioned motorists against dangerous traffic violations.
“Motorists should avoid route violation and driving against traffic, considering the grave consequences associated with such dangerous acts,” he said.
NEWS
Businessman Alleges Paying PFIPC DG ₦400m To Secure Gov’t Contract
A businessman, Gbenga Collins, has told the House of Representatives Ad Hoc Committee investigating the Presidential Foreign Investment Promotion Council (PFIPC) that he paid ₦400 million to the council’s embattled Director-General, Adeniyi Adeyemi, to facilitate the award of a government contract.
Collins made the allegation on Wednesday while testifying before the committee probing the establishment and operations of the controversial council.
According to the businessman, he travelled to Abuja where he was officially received by Adeyemi in what he described as an atmosphere befitting the head of a government agency, a development that convinced him the council was legitimate.
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He told lawmakers that Adeyemi later handed him a contract award letter, the scope of work, and an agreement authorising his company to execute the renovation and furnishing of the Director-General’s official residence.
“He gave me a contract award letter, the scope of work and, at the same time, the agreement with my company to execute that refurbishment project and asked me to pay the sum of ₦400 million for the facilitation of that project to show my strength that I would be able to handle it and that it would also fast-track the mobilisation for the contract,” Collins told the committee.
Chairman of the ad hoc committee, Yusuf Gagdi, disclosed that Adeyemi’s continued absence from the hearings was because he is currently in police custody and is also being investigated by anti-graft agencies.
Gagdi further revealed that the committee intends to meet with Adeyemi discreetly as part of its ongoing investigation.
As part of the probe, the committee also summoned the Corps Marshal of the Federal Road Safety Corps (FRSC) over the alleged use of official Federal Government number plates on vehicles linked to the disputed council.
The House panel is investigating allegations that the PFIPC operated without lawful authority despite being captured in the 2026 Appropriation Act.
The probe followed allegations by Adeyemi that the Chief of Staff to the President, Femi Gbajabiamila, demanded 48 per cent of the council’s proposed ₦27.3 billion take-off grant. Adeyemi also alleged that the Chief of Staff received ₦400 million through a proxy and later requested an additional ₦200 million to facilitate presidential approvals.
Gbajabiamila has denied all the allegations, maintaining that he has no personal, official or professional relationship with Adeyemi.
He also rejected claims that he demanded or received money, interfered with investigations, or had any connection to allegations surrounding the death of Babatunde Tanimola or an alleged assassination attempt on Adeyemi.
Following the allegations, President Bola Tinubu directed the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the matter.
The House of Representatives subsequently constituted a 12-member ad hoc committee to investigate the circumstances surrounding the establishment of the PFIPC, how it was included in the 2026 Appropriation Act, and the alleged allocation of about ₦1.3 billion to the council.
Meanwhile, the Director-General of the Budget Office of the Federation, Tanimu Yakubu, had earlier informed the committee that none of the funds appropriated for the PFIPC had been released or spent because the statutory conditions required for their disbursement and utilisation were never met.





