Dangote moves against poverty with N400m
• Repositioning of LASU already fruitful, says Ambode
President, Dangote Group, Alhaji Aliko Dangote, yesterday donated N400 million to support Lagos State Government’s poverty alleviation programme, saying supporting social and economic change through investments and interventions that improve lives of the less-privileged is what will make a positive difference in the growth of the nation.
Dangote said the programme provides disadvantaged and vulnerable women with a one-off N10,000 cash transfer to boost household income generation, which he said, would help to reduce their vulnerability and meet their livelihood needs.
“It was launched in 2011 and is being systematically rolled out nationwide. The programme is aimed at complementing the efforts of state governments in their economic empowerment and poverty reduction drive,” he said.
Speaking at the launch of Dangote Trust Fund Micro-Grant programme in Lagos, the state governor, Mr. Akinwunmi Ambode, said the gesture is a strong indication of the business mogul’s love and support for the well-being of the people.
“The decision of Alhaji Aliko Dangote to share his wealth with the people of Lagos State is a strong indication of love and support for the well-being of our people. This gesture shows a depth of character and compassion that should be emulated by other people who are equally endowed”, the governor said.
Besides, Ambode yesterday said the conscious initiative of his administration at ensuring peace and repositioning the state university is already yielding positive results.
Ambode spoke at the 20th convocation ceremony and installation of the new Chancellor of the Lagos State University (LASU) held at the New Auditorium Complex of the Ojo campus of the institution.
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