Aliko Dangote has pledged N8 billion for the establishment of the IBB Presidential Library, with a promise to donate N2 billion annually for four years and to continue if necessary
Abdulsamad Rabiu, who described the library as a “sanctuary of memory” also contributed N5 billion, and hailed Babangida's legacy
Other prominent donors included Theophilus Danjuma (N3 billion), Godswill Akpabio (N50 million), Arthur Eze (N500 million), and Mustafa Chike-Obi (N100 million)

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.

FCT, Abuja - On Thursday, February 20, 2025, the Chairman of Dangote Group, Aliko Dangote, and the Chairman of BUA Group, Abdulsamad Rabiu, were part of the dignitaries that raised billions of naira for the establishment of a presidential library for former military president, Ibrahim Babangida, on Thursday.

President Tinubu, ex-President Obasanjo at the Fund raising Ceremony for the IBB Presidential Library. Photo credit: @DOlusegunSource: Twitter

Dangote pledges N2 billion annually for four years

Dangote announced a donation of N6 billion, saying that he will be supporting the project with N2 billion annually for a period of four years. He added that he will continue the contribution if the project drags beyond four years.

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“I will contribute N2b annually for the next four years, which is N8b to the development of the IBB Presidential Library. If the project drags more than four years, I will continue to pay N2b every year,” Dangote said.

As reported by Channels TV, Dangote hailed Babangida as the one that established private sector in Nigeria, saying that all the bigwigs in the private sector toady was created by the ex-military leader.

He recalled how Babangida gave almost 30 of them banking licenses on a particular day.

President Tinubu and former leaders honour IBB at the launch of his autobiography, A Journey in Service. Photo credit: @aonanuga1956Source: Twitter

Abdulsamad pledges N5 billion for IBB's library

Abdulsamad commended Babangida for the book and presidential library launched, announcing a donation of N5 billion for the project.

“We are gathered to celebrate more than a person, a building, or an archive. We are gathered to celebrate a sanctuary of memory, a testament to the vision, complexity, and enduring legacies of one of Nigeria’s transformative leaders, General Ibrahim Babangida,” Abdulsamad said.

IBB's library: TY Danjuma, Akpabio, other donors

Meanwhile, the founder of the TY Danjuma Foundation, Theophilus Danjuma, donated N3 billion; Senate President, Godswill Akpabio, donated N50 million; Nigerian billionaire and businessman, Arthur Eze, donated N500 million; and Mustafa Chike-Obi donated N100 million.

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Babangida speaks on June 12 annulment

In another development, Legit.ng reported that former military president Ibrahim Badamosi Babangida on Thursday, February 20, opened up on the annulment of the June 12, 1993, presidential election.