Kwara To Buy Dangote Refinery Shares For Female Teachers

The Kwara State Government has announced plans to purchase shares in the Dangote Refinery IPO specifically for female teachers within the state. This initiative aims to promote investment and financial inclusion among educators. Governor AbdulRahman AbdulRazaq made the announcement on Monday during an event marking the 2026 World Teachers’ Day in Ilorin.

The governor also presented awards worth N120 million to outstanding teachers, head teachers, principals, and schools. Under the plan, the state intends to buy 10,000 shares for ten female teachers in each of the outstanding public schools. Additionally, the initiative will extend to outstanding retired female teachers. Dangote Foundation is partnering with the government to encourage women to invest and build assets through share ownership.

For every ten shares purchased, the foundation will provide an additional ten shares, resulting in a total of twenty shares. The governor directed the Head of Service, Dr Olufunke Mercy Shittu, to determine the necessary steps for registering retired female teachers under the scheme. This investment program is part of broader efforts to enhance the welfare and economic opportunities available to teachers in Kwara.

The governor reiterated his administration's commitment to prioritizing teachers due to their crucial role in determining the quality of education and the future of the state. The governor also presented financial awards totaling about N120 million to various education stakeholders, including principals, head teachers, professors, and schools.

The recognition aims to reward the dedication of educators and motivate them to continue their contributions to the state's education system.