In a remarkable act of generosity, Nigerian billionaire and business magnate Femi Otedola has made headlines by donating a total of 750 million naira to students of Augustine University, Ilara-Epe, Lagos State. The announcement of this extraordinary gift took place during the university’s fifth convocation ceremony, where Femi Otedola was inaugurated as the institution’s Chancellor.
Otedola, known for his philanthropic endeavors, took to social media to share the news, along with images from the convocation event. He expressed his hope that the donation would provide much-needed support to the students during these challenging times.
During the ceremony, he stated, “Today, I was officially inaugurated as the Chancellor of c. I strongly believe in transforming establishments that I am associated with. Therefore, to commemorate my appointment and in recognition of the harsh economic situation in our country, I gave a gift of One Million Naira to each of the Seven Hundred and Fifty Students. I hope this donation of Seven Hundred and Fifty Million Naira assists the plight of the parents of our students in this difficult time.”
The presence of Catholic Archbishop of Lagos, Alfred Martins, added to the significance of the convocation ceremony.
Femi Otedola’s remarkable gesture has sparked a wave of reactions on social media, with Nigerians commending his generosity and commitment to making a positive impact on education and society at large.