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Dangote Commits N550m to FUTO Hostel Project After Funding Remark

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Promise Odejide

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President of Dangote Group, Aliko Dangote, has pledged N550 million for the construction of student hostels at the Federal University of Technology, Owerri (FUTO), to ease accommodation pressure.

He made the announcement during a visit to the institution, stressing his commitment to supporting education infrastructure.

Funding Remark Draws Attention

Dangote revealed he had attempted to seek additional support from his daughter but was unsuccessful.

“I have been trying to beg Zuweirah to give me some money, but she said she has already spent N1 trillion in the foundation,” he said.

Despite this, he confirmed the project would go ahead.

“But notwithstanding, we are going to build a hostel here at the cost of N550 million,” he added.

Relief for Students

The planned hostel is expected to address the growing shortage of accommodation at FUTO, where demand has continued to exceed available spaces.

University communities have long raised concerns over housing challenges affecting students’ welfare and academic performance.

Expanding Education Support

Dangote has maintained a strong record of supporting education through his foundation and private initiatives.

In a related development, he recently committed to constructing a N1.1 billion ultramodern hostel project linked to the University of Ilorin.

The facility, initiated by the Ilorin Central Jumma’at Mosque, is designed to generate income for the mosque’s upkeep through student accommodation.

Sustained Philanthropic Drive

The latest pledge reinforces Dangote’s ongoing investment in education and infrastructure across Nigeria, as institutions continue to seek partnerships to bridge funding gaps.

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