Osinbajo, Adeosun launch foundation to raise $10 million for grassroots charities
Osinbajo gave the commendation at the launch of the foundation, a fully indigenous, youth-driven and social enterprise that seeks to creatively raise funds and awareness for indigenous charities in Lekki, Lagos, which is being championed by the former minister.
The Vice President, in his remarks, recalled that as minister, Mrs. Adeosun prioritised the Federal Government’s Social Investment Programme (SIP) and hence, he is not surprised that she has decided to use her talent and influence to establish an organisation that raises funds and provides for indigenous grassroots charities.
He expressed how important it is to reach the grassroots to reach Nigerians, which forms the idea of funding local charities.
In her welcome address, Adeosun, who describes herself as the enterprise’s chief volunteer, shared the long-term vision for the social enterprise.
She explained that donations would be sourced from within Nigeria and the Diaspora community, noting that the DashMe Store would sell donated goods to raise funds, which would be channelled to various partner-charity organisations.
According to her, the store is the first of many projects that the foundation would undertake to raise cash as well as through other conventional and unconventional fund-raising avenues to accomplish its vision.
Adeosun, who emphasised the importance of DashMe’s donor assurance policy and its commitment to ensuring that all funds raised get to the right people, said the organisation had hired a Director of Donor Assurance who would be responsible for validating and reporting on the activities and statuses of impact partners.
“We recognise that throwing money at a problem is not always a solution and so once we are satisfied with the ‘who’ aspect of our impact partners, we must also ensure funds are deployed efficiently. We will measure impact, benchmark, cost and ensure maximum value. We hope that DashMe can play a part in the relief mission and truly support changing lives,” she said.
The Foundation’s Chief Operating Officer, Omorinsola Arogundade, submitted that DashMe is building a family of supporters within Nigeria, her Diaspora and across the globe, who love all things African.
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