Dangote Group Donates N366m Shares To Borno Displaced Persons, Returnees

The Dangote Group has allocated N366 million in shares to Internally Displaced Persons (IDPs) and returnees in Borno State as part of its corporate social responsibility.

The allocation was announced at a two-day Borno State Durable Solutions to Internal Displacement Private Sector Roundtable in Lagos, concluded with nine signed letters of commitment, approvals for land allocation, and pledges to support investment, education and sustainable livelihoods for IDPs and returnees.

The roundtable, held on 8th and 9th October, 2026, brought together over 20 private sector actors across banking and finance, telecommunications, trade and commerce, impact investment, infrastructure development, housing and philanthropy.

Representatives of United Nations agencies, including the United Nations High Commissioner for Refugees (UNHCR), the International Organisation for Migration (IOM) and the United Nations Development Programme (UNDP) participated, along with the media.

Six private-sector companies signed letters of commitment on the first day, indicating their interest in investing in key sectors that support Borno State’s durable solutions agenda. Three additional organisations signed on the second day, bringing the total to nine.

Other participating organisations collected commitment forms for further internal consultations before signing.
To facilitate investment, two investors applied for and received land allocation approvals on the first day. Airtel also secured right-of-way approval to erect telecommunications towers, supporting efforts to expand connectivity across the state.

Dangote Foundation also pledged scholarships for 4,000 girls over the next six years.

A statement issued to Journalists on Sunday in Maiduguri by the Special Adviser to Governor Babagana Umara Zulum on media, Dauda Iliya, said the commitments provided a basis for expanding private-sector participation in Borno’s recovery through investments that support livelihoods, access to services, and the economic inclusion of displacement-affected communities.

To translate the outcomes into concrete projects, the investment pipeline will be organised by sector and aligned with the relevant pillars of the Borno State 25-Year Development Plan.

Private Sector investors who wish to build industries will have land within two weeks and residential plots within 24 hours. Other ease-of-doing-business offerings include waivers and incentives, an investor-friendly business environment, an industrial hub, an international dry port, and access to international markets.

The Borno State Government, GIZ, and, where necessary, Dyna-vest will establish an Investment Facilitation Support Group to follow up on commitments and pledges and support projects in the pipeline.

The group will also institute quarterly progress monitoring and reporting to track implementation, identify challenges, and facilitate timely action.

The roundtable concluded with a focus on sustained engagement to turn investment interest and pledges into practical opportunities for internally displaced persons, returnees and host communities in Borno State.