Nothing will come out of it, this is vaporware. The guy will use this money to pay his bills, perhaps go on a holiday, and then maybe in a few months when all the money is spent, he'll beg for some more money. Mark my words.
Why people are willing to donate to a new project that has no track record, no sound business plan, and nothing to show but unrealistic promises only God knows.
p.s. For all those who did donate, my Nigerian friend has a very interesting business proposal for you, please pm me ASAP and I will put you in contact with him.