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Dangote donates N8bn towards IBB Presidential Library, Rabiu, Danjuma, others

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By Kayode Sanni-Arewa

The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has praised former Head of State, Gen. Ibrahim Badamasi Babangida, popularly known as IBB, for implementing policies that liberated the private sector in Nigeria during his regime.

Dangote made this statement on Thursday during the unveiling of the book “A Journey in Service”, the autobiography of the former Head of State. The event also served as a fundraiser for the IBB Presidential Library.

Africa’s wealthiest man donated N8 billion to the IBB Presidential Library, to be paid at N2 billion annually over the four years allocated for the project’s completion.

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He further pledged that if the project extends beyond this timeframe, he would continue to donate N2 billion annually until it is finished.

Dangote, who is the largest employer of labour after the government, commended Babangida for his transformative policies that encouraged Nigerian investors to play prominent roles in the economy. He particularly highlighted the abolition of import licences, which helped stimulate domestic industries.

These reforms, among others, ensured that Nigeria now has more private-sector involvement than any other country in Africa.

This shift, he said, led to a contribution of 85% of the country’s GDP from the private sector, while the government contributes just 15%.

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“Your Excellency, I would like to express my sincere gratitude for all you have done for Nigeria. Many may not realise that you were the architect of the private sector in Nigeria. Anyone in the private sector who has achieved prominence today owes it to you, as you provided us with the necessary licences. In the past, we used to struggle to obtain licences through intermediaries, including Indians,” he said.

Dangote recalled how Babangida’s policies facilitated the growth of Nigerian businesses, enabling them to thrive.

“Your Excellency, in 1986, you abolished the requirements for import licences, and it was because of that decision that we were able to reach the highest levels of growth. I recall a day when you granted almost 30 of us banking licences. You also instructed five Nigerians to pay N1 million each for oil blocs.

“Your Excellency, I could continue to list all the reforms you introduced that liberated the private sector, which is why Nigeria has more private sector involvement than any other country in Africa. It is only in Nigeria where government contribution to GDP is a mere 15%, with the remainder being driven by the private sector,” he added while expressing hope that future Nigerian leaders will adopt similar policies for the betterment of the country.

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“I want to thank you once again, and I am confident that future leaders will continue to follow your example, working closely with the private sector.”

On his contribution to the IBB Presidential Library project, Dangote said, “Your Excellency, based on what I have observed, I believe this project will require at least four years to complete. I would like to contribute N2 billion each year for the next four years, amounting to N8 billion in total. Should the project extend beyond four years, I will continue to contribute N2 billion annually.”

Other prominent Nigerians also pledged contributions to the library’s construction. The Chief Launcher and Founder of BUA Group, Abdul Samad Rabiu, donated N5 billion, while the co-Chief Launcher and Founder of the TY Danjuma Foundation, Theophilus Yakubu Danjuma, donated N3 billion.

Former President Olusegun Obasanjo, who chaired the event, remarked that by writing his memoir, Babangida had not only contributed to making history but also to documenting it.

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However, he cautioned the former military Head of State to expect varied reactions to the book, including good, bad, and ugly ones.

Former President Goodluck Jonathan also praised Babangida for the launch of his memoir and stated that Nigeria’s history would be incomplete without the story of the former Head of State.

During the book’s review, former Vice President Yemi Osinbajo quoted Babangida as saying that late Moshood Abiola, who contested the 1993 presidential election on the platform of the Social Democratic Party, won the election.

However, Babangida described the annulment of the election as the most difficult decision of his life.

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“There was no doubt in my mind; MKO Abiola won the election. He satisfied all the requirements,” Babangida was quoted to have said

The former military leader noted that while the annulment of the election remained a defining moment in his career, he took solace in the fact that former President Muhammadu Buhari posthumously honoured Abiola with the Grand Commander of the Federal Republic title, a recognition reserved for Nigerian presidents

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President Tinubu should provide primary and secondary school details–ADC chieftain, Kalu

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African Democratic Congress (ADC) chieftain Kalu Kalu has challenged President Bola Ahmed Tinubu to publicly provide details of the primary and secondary schools he attended following the release of presidential candidates’ personal particulars and credentials by the Independent National Electoral Commission (INEC) ahead of the 2027 general election.

Speaking on Channels Television’s Politics Today on Monday, August 3, 2026, Kalu queried the educational information submitted by the President, arguing that Nigerians deserve a clearer account of his academic background.

The ADC chieftain said his concerns were based on details contained in the nomination documents submitted to INEC, which he claimed raised fresh questions about Tinubu’s educational history.

President Tinubu’s failure to include details of his primary and secondary school education in the educational qualifications section of his INEC documents has sparked renewed public discussion over his academic records.

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Kalu also referred to documents allegedly submitted by Tinubu during the 2022 election cycle, claiming that the President listed a National Youth Service Corps (NYSC) certificate among his credentials. He questioned the name and details contained in the document, alleging that they required further clarification.

According to him, the issues surrounding the President’s academic records should be addressed publicly to ensure transparency.

“Even in 2022, in the INEC document he submitted, he claimed he had a National Youth Service Corps (NYSC) certificate. And the name on that certificate was Bola Adekunle Tinubu. So where did he get ‘Adekunle’ from? He claimed he graduated, but the certificate was forged,” Kalu said.

The claims have added to ongoing public debate over the educational qualifications and eligibility of political candidates ahead of the 2027 presidential election.

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Wike: Tinubu Only Leader With Courage to Fix Nigeria Now

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Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has declared that President Bola Tinubu remains the only credible leadership option for Nigeria, insisting that no other potential presidential contender has demonstrated the courage or capacity to confront the country’s long-standing economic challenges.

Speaking at his monthly media briefing on Tuesday in Abuja, Wike defended Tinubu’s economic reforms, particularly the removal of petrol subsidy, describing the decision as the boldest taken by any Nigerian president in decades.

According to him, while the reforms have imposed temporary hardship on Nigerians, they have strengthened the finances of state governments, improved infrastructure funding and ended the era when states depended on bank loans to pay workers’ salaries.

“Asiwaju is the only person we have now. He has not done everything, and nobody says he has, but he has shown the courage to take decisions others refused to take. Give him credit for that,” Wike said.

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The minister argued that Nigerians should not expect an economy weakened over many years to recover within a short period.

“When problems have accumulated for over 15 years, people expect them to be solved in one year. It doesn’t work that way. Healing takes time, but it will happen,” he said.

Wike described the fuel subsidy regime as “a cancer,” recalling that as governor, he had to rely on bank borrowing to meet salary obligations because of declining allocations to states.

“The fuel subsidy consumed over ₦3 trillion at a time. Today, states receive more money. Pensioners are being paid, governors no longer queue before bank managers to borrow money just to pay salaries, and there are more resources for infrastructure,” he said.

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He maintained that leadership is defined by the willingness to make difficult decisions rather than by popular sentiment.

“Everybody agreed that subsidy was a scam, but no president had the political will to remove it. President Tinubu took that decision. No decision is 100 per cent perfect, but leadership is about taking responsibility,” he added.

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Army Commander who rescued Oyo School Abduction Victims’ Redeployed

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Major general Auwalu Mahmuda has assumed duty as the 56th General Officer Commanding (GOC) of the Nigerian Army’s 2 Division in Ibadan, Oyo State, taking over from Chinedu Nnebeife, whose tenure was marked by one of the military’s most significant internal security operations this year, the rescue of abducted schoolchildren and teachers in the state.

The handover ceremony held on Monday at the 2 Division Headquarters, Adekunle Fajuyi Cantonment, Ibadan, followed Mr Nnebeife’s redeployment to command the newly established 10 Division in Jalingo, Taraba State.

Gen.Mahmuda’s appointment comes at a period when the 2 Division continues to play a frontline role in counter-insurgency anti-kidnapping operations and internal security efforts across the South-west.

Speaking after taking over command, Gen Mahmuda thanked the Chief of Army Staff, Waidi Shaibu, for the confidence reposed in him. He described the appointment as a privilege and pledged to consolidate on the operational gains recorded by his predecessor.

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“I thank the Chief of Army Staff for finding me worthy of this appointment,” he said, assuring officers and soldiers under the division of his commitment to strengthening operational effectiveness and improving security across the division’s area of responsibility.

The new GOC also commended Mr Nnebeife for what he described as remarkable achievements during his tenure, promising to sustain the momentum.

Gen. Nnebeife leaves the Ibadan-based division after supervising one of the most remarkable rescue operations in recent years; the rescue of over 40 schoolchildren and teachers abducted from schools in Ahoro-Esinele and Yawota communities of Oriire Local Government Area of Oyo State.

The victims were kidnapped on 15 May when armed men invaded the schools, triggering weeks of intensive military operations involving multiple security agencies.

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Although two teachers were killed while in captivity, the remaining victims regained their freedom after spending 56 days in the kidnappers’ den.

PREMIUM TIMES earlier reported that Mr Nnebeife personally coordinated the intelligence-driven operation, working with other security agencies to track the kidnappers without paying ransom.

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