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A RAY OF HOPE FOR THE POOR IN AFRICA – AS ALIKO DANGOTE PLEDGES HUGE GIVING – Plans to Part With 50 per cent of his Wealth

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A critical appraisal of the plight of Africa indicates that it is still a developing continent with harsh economic conditions. Warren Buffet, a foremost American philanthropist is quoted as remarking that ‘’If you are the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.’’ It is for this reason that some of the wealthiest people in the United States like Warren Buffet and Bill Gates are championing the implementation of the ‘’Giving Pledge’’ a huge and ambitious philanthropic gesture that divests them of a sizeable chunk of their wealth. Nigeria’s Aliko Dangote, the richest Africa has pledged to emulate his American friends:  Bill and Melinda Gates, who through their Foundation devote as much funds to global health as the World Health Organization. In the case of Warren Buffett, he has programmed it that “More than 99% of his wealth will go to philanthropy during his lifetime or at death. He not only committed himself to this ideal but also convinced more than 40 of U.S. billionaires to take his “giving pledge,” by committing at least 50% of their total wealth to charity. The top three people on the list of heavy givers in the United States — Jeff Bezos, Bill Gates, and Warren Buffett — had $290 billion combined. THE PLIGHT OF THE DEVELOPING WORLD: One of the most touted agenda in the international community in the last two decades is globalization. It deals basically with attempts to correct the perceived imbalances between the developed and the developing world, and inequalities between the rich and the poor, which have continued to widen; occurrences considered to be very dangerous for humanity. Therefore, the whole world, through international, regional and multilateral organizations has stepped up efforts at bridging the widening gap through a systematic programme of action. The plan attacks the scourge of poverty, and emphasizes the crucial significance of education, encourages the introduction and usage of scientific and communication dimensions, and also confronts frontally, the scourge of poverty. World leaders realize the fact that It is apparent that efforts at globalization, and the re-engineering process for the emergence of a sound polity, the world over, cannot be complete, without due regard and attention for the closing of the embarrassing gaps in the polity. THE CRITICAL NEED FOR INTERVENTION: A former Deputy Governor of the Central Bank of Nigeria, Kingsley…

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