Business
Oando Foundation Launches Effort to Transform African Education at 2012 Clinton Global Initiative Annual Meeting
According to Nigeria’s National Bureau of Statistics the country’s GDP growth rate was 7.68 percent in 2011. By comparison, the United States’ growth rate for the same period is estimated at 2.30 percent. In a nation of more than 158 million people where more than 60 percent of the population is under age 25, improving education is critical to ensuring Nigeria achieves its potential and remains an economic anchor in the region.
About the Oando Foundation
The Oando Foundation was established in 2011 with the aim to create long-term shared values. It has a proud heritage of reinvesting in the community with a focus on strategic partnerships with government, the private sector, NGOs and civil society. The Foundation is funded by independent contributions and corporate contributions. Oando PLC currently provides 1 percent of its annual pretax profit to fund Foundation priorities.
Today 80 percent of Oando’s giving is committed to elementary education and 20 percent goes to special projects designed to address other key social issues. Learn more about the Foundation at oandofoundation.org.
