Dangote to support 2m women with refinery shares

Aliko Dangote, the CEO of Dangote Industries Limited, has announced his foundation's partnership with state governments to support approximately two million vulnerable women in acquiring shares in the Dangote Petroleum Refinery and Petrochemicals Limited. This initiative was revealed during a discussion at the United Nations General Assembly in New York, where Dangote addressed how public-private partnerships could aid conflict-affected communities, particularly widows, in establishing sustainable financial futures.

The Dangote Foundation aims to facilitate the participation of widows, conflict victims, and other vulnerable women in the refinery's initial public offering. In addition to enabling women to purchase shares, the foundation will donate further shares for these women to hold as long-term savings. The initiative, part of the Dangote Refinery's "People's IPO", intends to increase Nigerian involvement in the ownership of the 700,000-barrel-per-day refinery through the sale of shares.