Dangote to empower two million women with refinery IPO shares

Nigerian billionaire Aliko Dangote has announced his plans to support about two million vulnerable women with shares in Dangote Petroleum Refinery and Petrochemicals Limited.

Dangote, disclosed that the support will be given through an initiative involving his foundation and state governments. While speaking about the plan in New York during the 81st United Nations General Assembly while responding to a question about how public-private partnerships could support conflict-affected communities, particularly widows.

Dangote explained that the initiative would not only help vulnerable women purchase shares but would also provide additional shares to some beneficiaries as a form of long-term savings.

“We are partnering with state governments to ensure that widows and other vulnerable women are able to buy shares in the refinery. Beyond enabling them to buy shares, the foundation will also support them by donating additional shares that they can hold as savings for the future. We are looking at reaching about two million women through this initiative,” he said.