…Expands outreach assistances, services
In line with fresh endowment to the tune of $1.25 billion by the founder/President of Dangote Group, Alhaji Aliko Dangote, the Dangote Foundation has unveiled a new name; Aliko Dangote Foundation (ADF).
Besides, the new reforms will among other things expand the focus of its philanthropy and goodwill beyond pervious limits of construction of boreholes and Kano feeding programme to much more deep pockets assistances including strategic focus in critical areas like health, education, economic empowerment and disaster relief.
Speaking at the unveiling, which held at the Foundation office in Victoria Island Lagos, the MD/CEO of the Foundation, Ms. Zouera Youssoufou said the $1.25billion endowment, which is for the period of 10 years has made the foundation the biggest in the sub-Saharan Africa.
She observed that the foundation, which largely depended on funds from Dangote group — Dangote Cement, Dangote Sugar, and corporate social responsibility initiatives from the group as well as the founder’s goodwill at a time, will now run its operation independently.
Youssoufou averred that “The actual change happened in 2014; we went from an organisation that is sometimes funded by cement, sugar and CSR projects from the group and sometimes the one Aliko do by himself.”
“To move away from companies within the group to fund the operation of the foundation, we wanted to really focus on the project Aliko wants to do that actually separate his philanthropy from these organisations’ CSR.
She recalled that in 2014, Alhaji Aliko Dangote endowed the Foundation with the equivalent of $1.25billion, making the Foundation the largest private foundation in sub-Saharan Africa.
