Billionaires teach us money lessons all the time if we pay attention.
Dangote is as capitalist as they come. What would cause this man to give up 1/3 of his wealth?
The answer is nothing.
That wealth stays in the family.
The family will own the foundation. His children will be the managers/trustees.
As managers, they'll be entitled to rumeneration. They can fund their lifestyle through it.
The donation itself is tax free.
Administration is not free. Some of it will goto worthy causes I trust but a lot of it will just roundtrip within the same billionaire foundations ecosystem where they pay for vehicles, travel and other personal expenses using untaxed donations.
Instead of paying a wealth tax in jurisdictions that charge it. They get to transfer what they need for day to day lifestyle expenses to a foundation that pays for them.
The rest will be locked in in trusts that own shares in companys they get dividends from. They can even borrow against their shares in these companies if the interest rate is favourable and pay interest instead of tax.
They pay as little tax as possible and keep their lifestyle.
It's all legal.
Good afternoon.
Please know that your driver's licence has been produced and dispatched to your choice centre since May, 2026.
Additional information has been sent to you via DM to ease collection.
Hello @FRSCNigeria, I renewed my driver’s licence about a year ago, but I was never contacted for biometric capturing. I have also relocated from Oyo to Ibadan. Please, how can I complete the process from my current location? Your assistance will be greatly appreciated.
Good evening Albert.
Your driver's licence has been produced and dispatched to your choice centre since January, 2026.
Additional information has been sent to your DM.
Thank you.
Theatre art student of university of Lagos narrates how he was ass@ulted by the men of Nigerian police today and recorded all their faces !!!! Can these people ever change ??💔💔💔