Dangote Launches Initiative for Women to Acquire Refinery Shares

Aliko Dangote unveiled a significant initiative to help up to two million vulnerable women across Nigeria acquire shares in the Dangote Refinery. This announcement was made in New York during the 81st United Nations General Assembly while responding to a question from Dr Goje Mohammed, Secretary to the State Government.

The Aliko Dangote Foundation will collaborate with state governments to identify eligible women, including widows, to support their participation in the ongoing Initial Public Offering (IPO) of the Dangote Refinery and Petrochemicals Limited. The foundation plans not only to assist these women in purchasing shares but also to donate additional shares to them, which can serve as long-term financial assets.

This program is expected to create a pathway for women from disadvantaged communities to gain ownership in one of Nigeria's largest private-sector investments, valued at approximately $20 billion. The initiative is particularly relevant for conflict-affected states like Yobe, aiming to promote financial inclusion and wealth creation.