Gombe State Women to Receive Dangote Refinery Shares

The Gombe State Government has allocated ₦149.2 million to purchase shares in the Dangote Petroleum Refinery for 28,284 vulnerable women, enabling them to become shareholders in Africa's largest oil refinery. Each beneficiary will receive 20 shares, with the state purchasing 10 shares and the Aliko Dangote Foundation providing another 10 shares at no cost.

The shares are valued at ₦10,500 based on the offer price of ₦525 per share. This initiative, approved by Governor Muhammadu Inuwa Yahaya, aims to empower women economically and improve their households' financial prospects.

A committee from various ministries will oversee the implementation of the program, which is part of a broader effort by Aliko Dangote to support up to two million vulnerable women across Nigeria. Earlier in October, the Dangote Foundation announced a ₦40 billion allocation to match share purchases by vulnerable women and students participating in the refinery's initial public offering (IPO), which aims to raise approximately ₦2.15 trillion.