Nigerian billionaire, Otedola, throws back on $14 million aid, says he has done the chase
The Nigerian-born billionaire businessman Femi Otedola recently conversed on the value of charity, uploading a flashback video from 2019 in which he described the rationale for his $14 million contribution to Save the Children UK to help needy children in Northern Nigeria.
Black News 
The Nigerian-born billionaire businessman Femi Otedola recently conversed on the value of charity, uploading a flashback video from 2019 in which he described the rationale for his $14 million contribution to Save the Children UK to help needy children in Northern Nigeria.
- Femi Otedola, a Nigerian billionaire, highlighted the value of charity by sharing a 2019 video explaining his $14 million donation to Save the Children UK for Northern Nigerian children.
- He emphasized that true wealth is determined by how many lives you impact, not by material possessions.
- His donation was one of the largest philanthropic acts by a Nigerian businessman, aimed at tackling poverty, hunger, and lack of education among children in Northern Nigeria.
- The resurfaced video has sparked widespread online discussions, with many praising his philanthropy and some expressing skepticism about his intentions.
Otedola shared the video on X and accompanied it with a statement underlining the importance of giving back to society.
“True wealth is not measured by what we keep, but by the lives we change,” he reflected, via the social media platform.
The donation, one of the most noteworthy philanthropic contributions made by a Nigerian businessman to a humanitarian cause at the time, was intended to improve the lives of children in Northern Nigeria who suffered from poverty, hunger, restricted access to school, and other socioeconomic difficulties.
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In the unearthed conversation, Otedola was questioned why he decided to make such a significant investment.
![Femi Otedola tied as Africa’s lowest ranked billionaire after wealth dip. [X, formerly Twitter/Femi Otedola]](https://ocdn.eu/pulscms/MDA_/828c2c6a89ba7b802380aa25ec25b4e5.jpg)
His sentiments revolved around the premise that financial prosperity entails a responsibility to improve others, particularly when you’ve done it all.
“In my life, in my journey, I have taken the risk, I’ve done the chase, I’ve enjoyed the thrill, I’ve achieved success and recognition. What next? You give it back, a lot of people think that when they die, they will take their money with them. We will see,” he relayed in the throwback video.
The billionaire's remarks underscore a mentality that has increasingly influenced the activities of some of Africa's wealthiest individuals, many of whom have shifted their focus to charity and social impact projects.
Otedola, who is well-known for his investments in the energy, banking, and infrastructure industries, has historically sponsored a variety of charity initiatives in Nigeria.
His most recent opinion serves as a reminder of the importance charity may play in tackling social issues and generating opportunities for underserved populations.
The retro video has now gained traction online, with many viewers admiring the businessman's determination to utilize his money to improve the lives of others, while many others question the credibility of his sentiments.
