money talks. Dangote disburses N10bn to women, youths in 774 LGs

Towards ameliorating widespread poverty in Nigeria and appropriately empowering both women and youths across the 774 local governments in Nigerian, Dangote Foundation has commenced the disbursement of N10 billion grants to all the women and youths in the local governments across the country. The fund disbursement is meant to enable recipients to meet immediate family and livelihood needs by providing a one-time grant to start up enterprises that will boost their economic and consumption activities and help reduce their vulnerability.


Speaking at the commencement of the disbursement in Lokoja, Kogi State, President, Dangote Foundation, Aliko Dangote said the Foundation in response to the widespread poverty in Nigeria, in 2011, instituted a cash transfer intervention - the Dangote Micro-grants Programme- to provide cash transfers to select poor and vulnerable Nigerians.

He said “Our Programme provides a one-off grant that enables recipients to grow or start an enterprise, invest in product assets, improve the health of their families, and/or take on new activities that reduce their vulnerability and enhance their economic standing. It has successfully assisted women and their families in Kano and Jigawa states.”

According to the business mogul, the cash transfer intervention

Programme is national in scope and will systematically cover all the 774 local government areas of Nigeria working through partnerships with state governments.

Explaining the partnerships with State governments, he said, “this is in keeping with Dangote Foundation’s belief in working through  partnerships for effectiveness, scale and impact in tackling the challenges that we face as a nation. This is a key feature of the Programme which aims to support and compliment state governments’ poverty reduction efforts.”

Kogi State governor, Idris Wada enjoined other rich Nigerians to emulate Dangote and share part of their wealth with the masses.

He assured that Kogi state will do everything possible to partner with Dangote Group in any areas the company is interested in

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Dangote Foundation has continued the disbursement of N10 billion grants to women and youths across the 774 local governments in Nigeria, to ameliorate widespread poverty and empower both women and youths.

The fund disbursement is meant to enable recipients to meet immediate family and livelihood needs by providing a one-time grant to start up enterprises that will boost their economic and consumption activities and help reduce their vulnerability.

Aliko Dangote, President, Dangote Foundation said at the continuation of the disbursement in Lokoja, Kogi State that the Foundation in response to the widespread poverty in Nigeria, in 2011, instituted a cash transfer intervention – the Dangote Micro-grants Programme- to provide cash transfers to select poor and vulnerable Nigerians.

The disbursement is expected to be completed in 24 months.

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