9 November 2012

Nigeria: Floods - Dangote Donates N2.5 Billion

Chairman of the Presidential committee on flood relief and rehabilitation, Alhaji Aliko Dangote, yesterday made a personal donation of N2.5 billion to flood relief and rehabilitation of victims.

Speaking at the fundraising dinner for the victims of the devastating floods that affected several parts of the country, Dangote donated N150 million to the secretariat of the committee, N200 million to Kogi state and N2.150 billion to the relief program.

He pledged that the panel will ensure accountability in utilising the funds.

"This committee will maintain the highest ethical standards not only in raising the funds but also by ensuring that the money gets to the intended beneficiaries," he said.

"As a start, I am contributing the sum of N150 million for running the secretariat of the committee in the next one year as part of my personal support to ensure the success of this laudable initiative by the government.

"I will also like to use this opportunity to assure every donor of cash, cheque or material, that as part of our transparency drive, the amount contributed or pledged, will be displayed on our website: www.nigeriafloodrelief.org."

He therefore solicited donations from wealthy Nigerians to help victims of the devastating floods get back on their feet.

"As my grandfather once told me, 'The soul of business is not making money but making people happy.' I believe quite strongly that people make the difference--and not the balance sheet. We impact positively on the lives of the people, not by how much money we have accumulated, but by how much goodwill we have accumulated.

"We should give while we are alive and also when we are young and capable. Sometimes, we need to have the genuine experience of deprivation and poverty in order to appreciate the need to be our brother's keeper. My visit to Kogi flood victims was an eye-opener. It is a fulfilling journey when we experience it. We should all be problem solvers and ready to make people happy when the opportunity comes. Nobody says 'thank you' for growing a profitable company, but people will say 'thank you' when you give," Dangote said.

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