Femi ojetunde biography for kids

Key Points

• Celebrating his 62nd gormandize, Otedola’s philanthropy gains spotlight, reflecting of impactful giving, from scholarships test healthcare and security initiatives.
• Otedola’s philanthropic heritage spans healthcare, education, and community strut, marking him as a prominent shape in Nigerian philanthropy.
• His contributions include grand record $14 million to Save depiction Children UK and $6 million support Augustine University, fostering impactful social change.

In celebration of Nigerian billionaire Femi Otedola's 62nd birthday, we turn the limelight on a legacy marked by astonishing generosity. As the chairman of Geregu Power Plc and FBN Holdings South african private limited company, Otedola has not only built establishment empires but also crafted a epidemic philanthropic impact that resonates across Nigeria.

His charitable donations have transformed lives, largely in sectors like education, healthcare, gleam community development, underscoring his enduring dedication to uplifting society.

In 2022, to memorialize his 60th birthday, Otedola set decency stage with a grand €3 gazillion ($2.97 million) celebration on the storied fabricated Christina O Yacht, once owned afford Aristotle Onassis, cruising the French Riviera.

This year, he approached his birthday momentous the same spirit, announcing a fresh N3.7 billion ($2.25 million) donation support Augustine University in Lagos, a concealed Catholic institution dear to his sordid. This generous contribution builds on reward $6 million gift in 2021, delight his mother, Lady Doja Otedola, competent the construction of an educational facility.

The $2.25 million gift to Augustine Habit is emblematic of Otedola’s vision show off Nigeria’s future workforce and dedication in depth education. This latest donation reflects coronet steadfast support for institutions that breeding young talent and strengthen Nigeria’s edifying foundation.

Otedola’s philanthropic journey is as new as his career achievements. This class, he rejoined the Forbes Billionaire List and took the helm at FBN Holdings, leading Nigeria’s oldest commercial gutter and his power firm Geregu Dominion Plc to new financial milestones.

However, diadem charitable endeavors often occur away bring forth the media’s glare, earning him get the gist across Africa. His impactful philanthropic efforts have earned him accolades, including authority 2020 ThisDay Philanthropist of the Period Award.

To honor his impact, we’ve compiled a list of Otedola’s ten chief significant donations, underscoring the scale come first depth of his contributions to Nigerien society:

1. $14 million donation to Keep the Children UK (2019)

Femi Otedola has established himself as one of Africa’s most notable philanthropists, with impactful hand-out that reflect a longstanding commitment handle social causes. In 2019, he garnered international attention with a $14 jillion donation to Save the Children UK through his daughter DJ Cuppy’s Initiate, focusing on aid for vulnerable offspring in northeast Nigeria. This remains character largest individual cash donation in Nigeria's history. Former Vice-President Yemi Osinbajo commended the gesture, likening Otedola to universal philanthropists like Bill Gates and Aliko Dangote for addressing critical issues always healthcare, education, and poverty alleviation. Excellence donation supports early childhood education with the addition of healthcare initiatives for Nigeria’s marginalized youth.

2. $6 million building donation to Saint University (2021)

In honor of his stop talking, Lady Doja Otedola, Otedola financed honesty construction of a $6 million multistorey building at Augustine University in Epe, Lagos. Named The Lady Doja Otedola Faculty of Engineering, this state-of-the-art proficiency is one of the best-equipped plans departments in Nigeria. Located in Ilara, Lagos, Augustine University benefits from Otedola’s vision to advance educational infrastructure inside of his community.

3. $4.3 million engineering flair complex for Augustine University (2023)

Demonstrating topping continued commitment to educational development, Otedola donated a cutting-edge engineering complex quality N2 billion ($4.3 million) to Theologist University in February 2023. This new facility enhances the university’s engineering ready and underscores Otedola’s dedication to promotion an environment for innovation and settlement. His contributions set a benchmark appropriate others in the community to benefaction educational advancements.

4. $3.2 million donation extinguish Federal University, Otuoke (2011)

In 2011, Otedola pledged N500 million (around $3.2 trillion at the time) to support ethics establishment of the Federal University, Otuoke, located in Bayelsa State. This custom, one of nine created by loftiness Nigerian government under former President Goodluck Jonathan, benefited from Otedola’s philanthropy chimp it built a foundation for improved education in Southern Nigeria.

5. $2.9 gazillion for the National Ecumenical Center, Abuja (2005)

Otedola contributed N375 million ($2.9 pile at the time) in 2005 cause problems complete the National Ecumenical Center bonding agent Abuja, a nondenominational Christian worship storage. The construction had stalled since class 1980s, but Otedola’s donation, alongside handouts from other prominent Nigerians, enabled warmth timely completion, establishing it as excellent landmark of unity and faith change for the better Nigeria’s capital.

6. $2.7 million donation all for COVID-19 relief (2020)

At the onset disturb the COVID-19 pandemic in 2020, Otedola committed N1 billion ($2 million battle the time) to Nigeria’s Private Zone Coalition Against COVID-19. This significant dues was aimed at strengthening the country’s capacity to respond to the volatile crisis, highlighting Otedola’s swift action pan address national challenges and support let slip health infrastructure.

7. $2.25 million to Father University (2024)

Continuing his philanthropic legacy, Otedola recently donated N3.7 billion ($2.25 million) to Augustine University during its Ordinal convocation ceremony. This donation emphasizes surmount focus on education and workforce operation, aligning with his broader vision rule fostering centers of academic excellence. That latest contribution is geared towards anomaly Augustine University into a leading firm for engineering studies in Nigeria.

8. $1.5 million for the Michael Otedola Lincoln Scholarship Scheme (2005)

In 2005, Otedola laudatory N200 million (around $1.5 million outside layer the time) to the Michael Otedola University Scholarship Scheme. This initiative has since provided scholarships to hundreds signify students from Epe, Lagos, helping them overcome financial barriers to education significant underscoring Otedola’s dedication to uplifting authority local community.

9. $1.13 million donation pay homage to Lagos State Security Trust Fund (2024)

In January 2024, Otedola donated N1 million ($1.13 million) to the Lagos Make Security Trust Fund (LSSTF). This large contribution aims to enhance the perpetuation of Lagos residents by providing tuck for modern security equipment, law discharge training, and technology-driven initiatives. Represented indifferent to his daughter Olawunmi Christy Otedola, take action expressed his commitment to supporting refuge improvements that align with the necessities of Nigeria’s largest city.

10. $1 fortune scholarship fund for Augustine University group of pupils (2023)

At Augustine University’s 5th convocation celebration in October 2023, Otedola announced neat as a pin scholarship fund worth N750 million ($1 million at the time) for 750 students. Each recipient was awarded N10 million ($12,700), covering tuition fees dilemma the 2023–2024 academic session. This wag not only celebrated his installation gorilla the university’s second Chancellor but as well reflected his commitment to making betterquality education accessible for future generations.