Yobe Governor Buni Allocates N230M for Women’s Shares
Yobe State governor Mai Mala Buni has approved N230.62 million for the purchase of shares in Dangote Petroleum Refinery and Petrochemicals for 43,928 vulnerable women across the 17 local government areas of Yobe State. This initiative aims to enhance financial inclusion, asset ownership, and economic empowerment among women impacted by poverty, displacement, and insurgency.
The approval followed discussions between the Yobe State government and the Aliko Dangote Foundation during the 81st United Nations General Assembly in New York. The state government will fund subscriptions for 10 shares each for the beneficiaries, while the Aliko Dangote Foundation is expected to provide a matching grant, bringing the total investment to approximately N461.24 million.
Each beneficiary will receive 20 shares, subject to IPO conditions. The program prioritizes women from internally displaced households, widows, women with disabilities, and those living in extreme poverty, reflecting the state government's commitment to sustainable economic opportunities for vulnerable residents.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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