Business

Healthcare Billionaire, TY Danjuma’s foundation earmarks N2bn for 5 year strategic plan

The TY Danjuma Foundation (TYDF) owned by one of Nigeria’s oil and gas barons has unveiled ambitious spending plans, targeting an expenditure exceeding N2 billion in its strategic plan spanning 2023 to 2028.

Gima Forje, the CEO of the foundation, made this announcement during a meeting with partners in Abuja. Highlighting the foundation’s 15-year track record of collaboration with partners, Forje emphasized their commitment to fostering impact on the lives of Nigerians nationwide.

In the past, TYDF organized practical training sessions for local partners, focusing on understanding the foundation’s mission, expectations, and effective engagement with government and communities.

The current strategy involves bringing government and partners together to facilitate open communication, identify obstacles, and jointly work toward common goals to enhance the lives of Nigerians.

Dr. Oteri Okolo, the National Coordinator of the National Eye Health Programme, emphasized the importance of NGOs and development partnerships aligning with government policies.

He urged partners to ensure value for money in their intervention programs, emphasizing the need for effective and judicious resource utilization.

According to Dr Okolo, collaboration with the government, alignment with priorities, and sustainable implementation are crucial for maximizing the impact of interventions.

Looking ahead to 2024-2028, the focus is on fostering collaboration and sustainability, particularly in the eye health space.

TY Danjuma who is recognised as one of Nigeria’s richest men based on his stake in different companies across various sectors especially in the health sector, was a former chairman of T.Y. where played a pivotal role in rescuing the company from financial challenges by providing a substantial multi-billion Naira loan.

His distinguished career includes serving as the Minister of Defense for the Federal Republic of Nigeria from June 1999 to March 2003. Additionally, he held the position of Chief of Army Staff of the Nigerian Army from 1975 to 1979.

He is also the founder and chairman of South Atlantic Petroleum (SAPETRO), a company that has a portfolio of high-quality assets in West Africa. He is also a distinguished businessman and a former Nigerian defence minister.

Danjuma acquired a 60% stake in BOC Gases Nigeria, a subsidiary of the UK-based BOC Holdings, and rebranded it as Industrial and Medical Gases Nigeria.