In an unprecedented move, Nigerian billionaire investor and major shareholder of Geregu Power, Femi Otedola, has extended his philanthropic arm by donating a generous sum of N1 million to each of the 750 students of Augustine University.<\/p>\n
The newly inaugurated Chancellor of Augustine University announced the scholarship donation to each student enrolled in the institution for the 2023\/2024 academic session, including new and returning students.<\/p>\n
The total sum of the scholarship donation amounts to N750 million (Seven Hundred and Fifty Million Naira).<\/p>\n
The announcement was made during Otedola\u2019s acceptance speech at the university, where he outlined his vision and commitment to the educational institution and its student body.<\/p>\n
Otedola specified that the scholarship would benefit both returning and new first-year students.<\/p>\n
The university has approximately 500 returning students and an estimated 250 new first-year students, making the scholarship donation applicable to around 750 students in total.<\/p>\n
\u201cI hereby announce a scholarship donation to Each returning student of the University and Each new first year student of our University the amount of One Million Naira Each towards the 2023 \/ 2024 session school fees of Each student. I am told that there are 500 returning students and about 250 new first year students making a total Scholarship donation of N 750 Million (Seven Hundred and Fifty Million Naira). I hope this donation assists the plight of the parents of our students in this difficult time.\u201d<\/p>\n