Nigerian billionaire Theophilus Yakubu Danjuma opens skill acquisition center in Yobe State

Oluwatosin Racheal Alabi -

Key points:

  • Nigerian billionaire and chairman of the Victims Support Fund (VSF), Theophilus Yakubu Danjuma, has opened a skill acquisition center in Yobe State.
  • The center, part of nine being built in Gujba, Gulani, and Fika, is a key initiative in the organization’s post-insurgency recovery programs.
  • Beyond his business ventures, Danjuma is renowned for his community development efforts.

Nigerian billionaire and chairman of the Victims Support Fund (VSF), Theophilus Yakubu Danjuma, has opened a skill acquisition center in Yobe State. Danjuma is one of the country’s wealthiest individuals and a top investor on the Nigerian Exchange.

The center is one of nine being built in the Gujba, Gulani, and Fika local government areas. It aims to provide training in skills like computer training, tailoring, electrical work, welding, and carpentry to unemployed youths.

The initiative is part of the organization’s recovery programs after the insurgency and is important because of the current peace in the state. Danjuma emphasized the importance of these centers in equipping the youth with practical skills for employment and self-sufficiency.

Promoting sustainability and economic growth

Professor Nana Tanko, VSF executive director, explained that the centers will serve women, youth, and other community members, promoting sustainability and economic growth. She highlighted VSF’s ongoing support for the Northeast region since 2014 through various interventions, including educational materials, savings and loans associations, and grants for women to expand their businesses.

“The inauguration of this acquisition center in Kukargadu marks the beginning of a new chapter in the lives of the beneficiaries and VSF’s commitment to supporting the Northeast region’s recovery and development,” Tanko said.

Danjuma’s Legacy: Fueling Community Development Beyond Business

Danjuma, the founder of South Atlantic Petroleum, a leading oil exploration company, has consistently engaged in philanthropic endeavors. Beyond his extensive business interests, he is renowned for his commitment to community development.

Billionaires.Africa reported that in February, Danjuma opened the Daisy Danjuma Eye Hospital in Takum, Taraba State. The hospital, led by the 85-year-old retired lieutenant general, shows his dedication to tackling health issues, especially visual impairments

The Daisy Danjuma Eye Hospital comes after the Goodwill Medical Center (GMC) was launched in Enugu State by the TY Danjuma Foundation. This modern medical facility, fully funded by Danjuma’s philanthropic organization, aims to greatly improve healthcare access for the underprivileged, highlighting Danjuma’s ongoing commitment to humanitarian causes.

Danjuma is known for his strong commitment to community development. He made a groundbreaking $1.36-million donation to the College of Medicine, University of Ibadan (CoMUI), setting a new standard for philanthropy in the nation.