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Dangote Foundation resumes Borno funding exercise

02 December 2013, 22:01

Borno - The Dangote Foundation has begun distributing funds it set aside for reducing poverty in the terror-ridden Borno State.

More than 50 000 indigent residents of the state, which has been under siege from Boko Haram terrorists in the past four years, are poised to benefit from the N54 millon the company has set aside for such projects.

Managing Director of the Dangote Foundation, Dr Adhiambo Odaga said the foundation had earmarked the funds for distribution to targeted beneficiaries in the 27 local government areas of the state as part of a special disbursement of N1.2 billion meant for Adamawa, Borno and Yobe States.

These are under a state of emergency amid the terror.

Meanwhile, the foundation, which is owned and financed by the billionaire businessman Aliko Dangote, as way of contributing to alleviating poverty in the country, is collaborating with Support for Women, Orphans and Tsangaya (SWOT), a pet project of the wife of Borno State governor, Nana Kashim Shettima.

Odaga said the micro-grants programme, a culmination of the partnership, was part of a national programme instituted by the Dangote Group to provide cash transfers to at least 1 000 poor and vulnerable Nigerians in each of the 774 local government areas of the federation.

“Dangote Foundation’s micro-grants enable recipients to grow or start an enterprise, invest in productive assets, improve the health of their families and or take on new activities that will reduce their vulnerability and enhance the economic standing of their household and communities,” she said.

Governor Kashim Shettima and his wife who monitored the flag-off of the distribution at the government house in Maiduguri described Dangote as a patriotic Nigerian and thanked him for giving special attention to states like Borno that had peculiar security, social and economic challenges.

– CAJ News


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