The Aliko Dangote Foundation (ADF) has signed a Memorandum of Understanding (MoU) worth N1.5 billion with Bayero University Kano (BUK) for post-graduate students of the Dangote Business School in the institution.

The MoU, which was signed at the main auditorium of the Dangote Business School, Kano, yesterday, provides N300 million in scholarship awards yearly over five years to all eligible MBA, entrepreneurship, and management postgraduate students.

Under the MoU, jointly signed by the Member, Board of Trustees of the ADF, Hajiya Mariya Aliko Dangote, and the Vice Chancellor of Bayero University, Prof. Haruna Musa, each beneficiary will receive N150,000 per session, beginning with the 2024/25 academic session.

This is equivalent to 50 per cent of the current N300,000 fee paid by the post-graduate students. There are 1,225 students in the Business School (696 fresh and 529 returning students).

At the event, which was well attended by the Faculty of the BUK, top ADF officials, and scores of post-graduate students, the Chairman, Aliko Dangote Foundation and Group President, Dangote Industries Limited, Aliko Dangote, represented by ADF Board Trustee member, Mariya Aliko Dangote, noted: “Our vision at the Foundation is to build human capital that translates into economic opportunity.

Strengthening business and entrepreneurship education is critical to turning knowledge into enterprise, innovation, and jobs. This scholarship deepens our commitment to Dangote Business School by investing directly in the next generation of business leaders and change-makers.”