UI's 68th Foundation Day

Billionaire Aliko Dangote was conferred with an honorary degree of Doctor of Science (D. Sc.) during UI’s 68th Foundation Day as he makes a N250 million donation.

Dangote received the honorary award alongside 2 other prominent Nigerians – Professor Niyi Osundare and Chief Bode Amao.

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The award took place during UI’s 68th foundation day ceremony (anniversary) of the institution. University of Ibadan is the oldest Nigerian tertiary institution.

Dangote delivered a speech during the occasion. He revealed to all that he was a passionate believer and lover of education and entrepreneurship. He also acknowledged the reputable institution for being the first in the nation.

On that note he requested that UI be treated and represented as such. He also pointed to the necessity of adequate funding in order to ensure that the worth and significance of the school is duly represented.


During the Foundation day celebrationDangote solicited for a public private partnership with the government. He says the government may not be able to solely fund the school’s development.

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“I believe that the UI deserves special attention not just because of its status as Nigeria’s oldest university, but also because of its invaluable contribution to the transformation of society through creativity and innovation.”

” With adequate funding, I believe the university will be able to compete favorably with the best universities in the world.”

“This is where Public Private Partnership (PPP) comes in. I strongly believe the private sector must go beyond the payment of the 2% education levy to join hands with the state and federal governments in funding tertiary education in Nigeria.”

Going further in his speech, Dangote made a stunning donation of N250 million to the University of Ibadan.

“We hope that this token will go some way in assisting the university towards the completion of some ongoing projects,” he said.