The chairman of Dangote Group, Aliko Dangote, announced the donation on Saturday in Kano.
Mr. Dangote, who headed the appeal fund committee for the victims, said the gesture was to ameliorate the suffering of those affected by the disaster.
“Times are hard and if not for the recession which we are also affected I would have donated more than this amount,” he said.
He called on other wealthy individuals and organisation to come to the aid of the traders.
Earlier, the Gov. Abdullahi Ganduje said the state government had also donated N500 million to the victims.
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