Billionaire Otedola donates all his wealth to charity after saying he has seen it all in Life
Popular Nigerian Billionaire and businessman Femi Otedola has been reported to have donated 5 billion Naira to ‘Save the Children Fund’ through his daughter DJ Cuppy’s Foundation.
Accordinf to reports, the donation is the largest donation to a charity organization given by an individual in Nigeria’s history.
The donation by Femi Otedola is to support various intervention programmes for destitute children Nigeria’s North-East region.
Otedola made the donation on Sunday, November 10, 2019, at a ceremony organized by the Cuppy Foundation in Abuja to raise funds for Save the Children. Cuppy Foundation is a non-profit organisation established by Otedola’s daughter, Florence Otedola (aka DJ Cuppy).
The charity works to improve the welfare of Nigeria’s vulnerable and marginalized children, focusing on early childhood education and healthcare among numerous other programmes.
Otedola’s eldest daughter, Tolani Otedola, first mounted the stage and announced the gift on behalf of her father.
Afterwards, he made a speech himself. In his speech, Otedola noted that the persistent crisis in Nigeria’s northeast region which is the result of armed conflict between state actors and non-state armed groups, has produced widespread unrest for many civilians and rendered millions of children in need of humanitarian assistance. He called on other wealthy Nigerians to emulate his actions.
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“God has been so kind to me in life and I feel highly privileged. The only way I can show my gratitude to Him is to use my resources to support those who are underprivileged. This I intend to do for the rest of my life,” he said.
Responding to Otedola’s donation, Kevin Watkins, the CEO of Save The Children, pledged that every penny out of it would be spent improving the lives of the children affected by insurgency in the northeast. Otedola’s donation will be managed by the Save The Children Fund and will be used to finance various intervention programmes for children in Borno, Adamawa and Katsina.
Nigerian Vice President Yemi Osibanjo who was the guest of honour at the ceremony commended Otedola’s generosity and told the guests at the event that Nigeria’s richest people must refocus their minds on caring for Nigeria’s poor.
According to the Vice President, in 2015, Nigerian President Muhammadu Buhari established one of Africa’s largest social investment programmes in Africa with about N500 billion annually.
He added, “Yet we are far from where we ought to be. It is obvious that the government cannot do it alone. So, we don’t need to be billionaires to do our part. It is time for every one of us to decide that we can make a difference to ensure that the poor and vulnerable are given a decent life.”
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Source;Forbes
