‘Dangote N8bn’, ‘Rabiu N5bn’, who gave what at IBB’s book launch

The crème-de-la-crème of the Nigerian society assembled at Transcorp Hilton Hotel, Abuja, on Thursday, for the launch of the autobiography of ex-Military President Ibrahim Badamasi Babangida (IBB). Entitled, ” A Journey in Service,” President Bola Tinubu was the Special Guest of Honour at the event which was also the fundraising for the IBB Presidential Library […]

The crème-de-la-crème of the Nigerian society assembled at Transcorp Hilton Hotel, Abuja, on Thursday, for the launch of the autobiography of ex-Military President Ibrahim Badamasi Babangida (IBB).

Entitled, ” A Journey in Service,” President Bola Tinubu was the Special Guest of Honour at the event which was also the fundraising for the IBB Presidential Library Project.

While many donors chose not to publicly disclose their contribution to the project, Africa’s richest man, Alhaji Aliko Dangote, donated N8 billion, which is, to be paid at N2 billion annually over the four years allocated for the project’s completion.

He further pledged that if the project extended beyond this timeframe, he would continue to donate N2 billion annually until it was completed.

Other prominent Nigerians also pledged contributions to the construction of the library, with Alhaji Abdul Rabiu, the Chief Launcher and Founder of BUA Group, donating N5 billion.

Theophilus Danjuma, the co-Chief Launcher and Founder of the TY Danjuma Foundation, donated N3 billion.

Business mogul, Chief Arthur Eze, contributed N500 million, while Senator Sani Musa (Niger East) donated N250 million, Mustafa Chike-Obi of Fidelity Bank gave N100 million, among others.

Earlier in his speech, Dangote praised Babangida, “for implementing policies that liberated the private sector during his regime”.

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,” he said.

According to him, this shift, led to a contribution of 85 per cent of the country’s Gross Domestic Product from the private sector, while the government contributes just 15 per cent.

“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.