Yobe Governor Buni Allocates ₦230.62 Million for Women’s Shares

Yobe State Governor Mai Mala Buni has approved an investment of ₦230.62 million for the purchase of shares in Dangote Petroleum Refinery and Petrochemicals for 43,928 vulnerable women across the state's 17 local government areas. This initiative is being implemented in partnership with the Aliko Dangote Foundation, which will provide a matching grant of ₦230.62 million, resulting in a total proposed investment of ₦461.24 million.

Each beneficiary will receive 20 shares, with 10 shares funded by the state government and 10 by the foundation, contingent on initial public offering conditions and successful allotment. The beneficiaries include women from internally displaced households, widows with multiple dependants, women with disabilities, and those living in extreme poverty.

The proposal followed discussions with the Aliko Dangote Foundation during the 81st United Nations General Assembly in New York. The initiative aims to promote long-term financial independence for vulnerable women by enabling them to own financial assets instead of relying solely on conventional financial assistance.