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Dangote unveils N1 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. 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.

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The programmes are 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 that has historically focused on health and nutrition as core areas of human capital development, emphasised 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.”

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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. “Government has a role. The private sector has a role. Communities and families have a role. 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.

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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.”

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“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.

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“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 that 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.

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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.

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 the destruction of several properties.

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

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 well-being of individuals and communities across the country.

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‘I’ve been unable to access my salary for two years’ – Police corporal tenders resignation

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Corporal Yusuf Aliyu, a police officer attached to Dambam Division, Bauchi State Command has tendered his resignation from the Nigeria Police Force, citing two years of unresolved salary issues that have left him in severe financial hardship.

In a resignation letter dated August 30, 2026, and addressed to the Inspector-General of Police through the Bauchi Commissioner of Police, Aliyu with Force No. 524180 said he will exit the force effective September 30, 2026.

A copy of the letter is currently circulating on X.

Aliyu said although his salary “has been processed and reflected,” he has been “unable to access or withdraw it despite several efforts made through the appropriate channels.”

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“I have reported the matter on numerous occasions and followed all the necessary procedures, yet the issue remains unresolved,” he wrote.

The corporal said the situation has made it “extremely difficult” to meet personal and family responsibilities.

“This situation has caused me severe financial hardship and has made it extremely difficult for me to meet my personal and family responsibilities. Consequently, I have lost confidence in the system and have decided to resign from the Nigeria Police Force,” he stated.

Aliyu appreciated the opportunity to serve and pledged to return all government property in his possession before his departure.

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He also requested guidance on clearance and disengagement procedures.

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EFCC Reveals How Public Funds Were Moved From LG Account Into Crypto Wallets

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The Economic and Financial Crimes Commission has disclosed how public funds were moved from a local government account to a private company before being transferred into cryptocurrency wallets.

The EFCC Chairman, Ola Olukoyede, disclosed on Monday while addressing media executives and journalists in Abuja, stressing that the commission could not ignore the suspicious movement of public funds.

Olukoyede, however, did not disclose the local government, company or state involved in the transaction.

He said the commission’s Fraud Risk Assessment and Control Department had detected the suspicious transactions and intervened by freezing the funds for 72 hours to establish their destination and purpose.

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Olukoyede, however, expressed his displeasure over people who called for his head as a result of the action taken by his agency.

He said, “When we see money moving suspiciously, we move in and freeze it in the interim. I know some of you are calling for my head. The account was frozen for 72 hours. Okay, come and show where this money is going? Why are you moving money? We saw money being moved from the local government account to a company. Apart from that phase, we discovered that the money has gone into cryptocurrency wallets.

“Is that the road to build? Is that the power to generate cryptocurrency wallets for your people? Are you asking me to close my eyes and not do something like that? Then you don’t need me in this office.”

The EFCC boss said the development underscored the need for law enforcement agencies to shift from waiting for public funds to be stolen before taking action to preventing suspicious transactions from being completed.

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“Why must we be waiting for money to be stolen? Why can’t we change the narrative? And that’s the main thing we need to bring to the office,” he said.

The disclosure comes against the backdrop of an outcry earlier in the month after the EFCC froze an account belonging to the Osun State Government, days before the August 15 governorship election.

However, Olukoyede did not link the transaction he cited to Osun State or any other particular state.

Olukoyede also said cybercrime had evolved beyond the traditional perception of “Yahoo Yahoo,” noting that some young people were being used as fronts by public officials to move allegedly stolen funds through cryptocurrency wallets.

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He said, “We have gotten to a stage in Nigeria now that public officials steal money and they put it in cryptocurrency wallets.

“Most of the directors we are investigating now, you can’t trace tangible assets to them. They steal this money, give it to students, give it to young people. They open cryptocurrency wallets all over the world. They plunder the money there within 24 hours.

“The money moves abroad. They buy a house anywhere in the world, buy luxury items. Those are the recent trends.”

The EFCC boss also disclosed that the commission had developed the capacity to trace cryptocurrency wallets, particularly those linked to virtual asset platforms registered in Nigeria.

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According to him, about 40 virtual asset platforms had been licensed, following regulatory measures introduced to strengthen oversight of the sector.

“Now we also have the capacity to trace cryptocurrency wallets now, at least with those that are registered in Nigeria, and we are doing that,” he said.

Reeling out the achievements of the commission in the last three years, Olukoyede said the commission had also recovered virtual assets in connection with the CBEX fraud, but identified the management of confiscated cryptocurrency as a challenge that had previously created accountability concerns.

“When you recover virtual assets, where do you put them? No accountability. That’s why we can’t continue like this,” he said.

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He disclosed that the Federal Government had consequently approved the establishment of a national confiscation wallet where virtual assets recovered by law enforcement agencies would be kept.

“Today, now we have a national confiscation wallet. So if I confiscate virtual assets now, it’s a national wallet that we put into those,” he said.

Olukoyede further warned that the increasing use of cryptocurrency to move illicit funds required stronger technological capacity among financial and law enforcement institutions.

He said, “When we are talking about cybercrime, please cooperate with us, understand the scope. Not just Yahoo. Some of the people you are calling Yahoo, see your young children; they are stealing on behalf of London, on behalf of public servants.”

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Olukoyede said the commission’s anti-corruption activities had also contributed significantly to revenue mobilisation, with federal and state tax recoveries amounting to approximately N288.1bn during the period under review.

He said the figure comprised about N173.2bn in federal tax recoveries and N114.9bn attributed to State Internal Revenue Services.

Oluyede also said more than 40 of its personnel were dismissed for alleged corruption and financial malpractice in the past two and a half to three years.

He added that some of the dismissed officials were already facing prosecution, while case files involving others were being prepared for prosecution.

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Hardship: Tinubu Feels your Pain, APC Gov tells Nigerians

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Governor Abdullahi Sule of Nasarawa State has said President Bola Ahmed Tinubu is fully aware of the hardship Nigerians are facing as a result of ongoing economic reforms.

Speaking during the Nasarawa State All Progressives Congress (APC) stakeholders’ meeting held at the Government House, Lafia, the governor said the President recognizes that while key economic indicators are improving, the impact has not yet reached ordinary citizens.

“The President said these are the challenges, these are the issues,” Gov. Sule told party stakeholders.

He said Tinubu directed governors to “go ahead and continue massive rural roads so it will help the people in the villages. Go ahead and provide water for these people. Go ahead and provide power to these people. Go ahead and engage in some kind of empowerment.”

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He explained that despite improvements in foreign reserves, which have risen from under $30 billion to over $50 billion, and a capital market now worth hundreds of trillions, many citizens still feel no change.

“If you tell somebody from Angwan Takpa that foreign reserve is over 50 billion dollars, he will tell you, ‘What does that mean?’ It means nothing to him,” the governor said.

“If you tell the person that the capital market is flying, he will tell you, ‘How does that affect me? I’m not concerned.’”

To cushion the effect, Sule disclosed that $1 billion has been released by the Federal Government to relevant departments for direct interventions, including rural infrastructure, water, power, and empowerment programs.

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On the state’s finances, Governor Sule said Nasarawa has witnessed significant improvement in federal allocations, rising from about ₦13 billion to a record high last month.

This, he said, has enabled the government to undertake more projects without borrowing, and has necessitated a supplementary budget currently before the State House of Assembly.

“Things have actually improved significantly, and that’s the reason why you are seeing all the work you are seeing without us borrowing anything from anywhere,” he stated.

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