Nigerian billionaire Femi Otedola, the chairman of Geregu Power Plc and FBN Holdings Plc (the parent company of First Bank of Nigeria Plc), has announced plans to build staff quarters at the Lagos campus of the Nigerian Law School. The revelation was made by the Director General of the Nigerian Law School Isa Chiroma during the call-to-bar ceremony in Abuja on Tuesday.
Chiroma highlighted, “Femi Otedola has agreed to build staff quarters in the Lagos Campus of the Nigerian law school.” This move follows Otedola’s recent philanthropic initiatives aimed at supporting education and enhancing national security.
In addition to Otedola’s commitment, Africa’s richest man Aliko Dangote, the chairman of Dangote Group, has pledged to undertake building projects at the law school campuses in Kano and Abuja. Chiroma stated, “Alhaji Aliko Dangote has agreed to build a student hostel in Kano Campus of the Nigerian Law School.”
Otedola’s transformative gift: Nurturing education and safety in Nigeria
Over the past six months, Otedola has emerged as a key contributor to Nigeria’s education sector and national security. His recent philanthropic endeavors include a groundbreaking N1-billion ($1.13 million) donation to the Lagos State Security Trust Fund earlier this year.
This substantial contribution aimed to address pressing security concerns in Lagos State by supporting various initiatives, such as the provision of modern equipment, law enforcement personnel training, and technology-driven solutions to combat security threats.
Otedola’s million-dollar initiative: Securing and empowering through education
In addition to his dedication to national security, Otedola’s commitment to education was underscored by a N750-million ($1 million at the time) donation to Augustine University in Ilara-Epe, Lagos State, in October 2023.
The generous scholarship fund will cover the tuition fees of 750 students for the entire 2023-2024 academic session, further solidifying Otedola’s position as one of Africa’s most generous billionaires.
This follows his earlier contribution to the construction of Augustine University’s Engineering Faculty complex, a N2-billion ($2.53 million at the time) project aimed at enhancing engineering education at the university.
