Aliko Dangote to Donate N15.9 Trillion to Charity

Aliko Dangote, Africa’s richest man, intends to donate N15.9 trillion (about $11.7 billion) to charity, which is one-third of his estimated $35.1 billion net worth, as part of his succession plan. Halima Dangote, a trustee of the Aliko Dangote Foundation, revealed this information in an interview with Bloomberg.

The donation has been approved by family members, ensuring its longevity across generations. Halima stated that philanthropy is central to her father's legacy, with a focus on health and education.

The Aliko Dangote Foundation, established in 1994, has received an endowment of $1.25 billion and an additional $700 million over the years. Approximately 70% of the foundation's spending is directed towards projects in Nigeria, with 20% supporting initiatives across Africa.

The foundation has collaborated with the Bill & Melinda Gates Foundation on projects that contributed to the eradication of wild poliovirus in Africa. Dangote’s planned donation ranks among the largest by an African billionaire, although it is below the 50% benchmark of the Giving Pledge.