From The Rio Times · Samuel Ncube · · 1m 40s
Gombe Buys Dangote Shares for 28,284 Women
Gombe State funds 28,284 women's Dangote Refinery shares with N149.2m.
In brief
Gombe State funds 28,284 women's Dangote Refinery shares with N149.2m. Gombe State approved N149.2 million for 28,284 vulnerable women to buy 20 Dangote Refinery shares each, with matching shares from the Aliko Dangote Foundation. Originally reported by The Rio Times.
Gombe State Approval
Gombe State approved N149,224,806 for Dangote Refinery shares for 28,284 vulnerable women.
Share Allocation Details
Each woman receives 10 state shares and 10 matching shares from the Aliko Dangote Foundation.
Governor's Approval
Governor Muhammadu Inuwa Yahaya approved the funding on Thursday 15 October 2026.
Funding Amount
The state releases N149.2 million (US$112,045) for 28,284 women in 11 local government areas.
Foundation Match
The Aliko Dangote Foundation adds 10 matching shares per woman for a total of 20 shares.
Share Offer Price
The Dangote Refinery offers shares at N525 (US$0.39) each with a minimum purchase of 10 shares.
Women's Eligibility
The programme targets vulnerable women in all 11 local government areas of Gombe State.
Oversight Committee
A multi-sector committee oversees delivery with officials from finance, women affairs, and poverty reduction.
Yobe State Comparison
Yobe State approved N230.62 million for 43,928 women with matching shares from the foundation.
Share Offer Timeline
The Dangote Refinery share offer closes on Tuesday 27 October 2026 after a two-week extension.
US Readers Note
US investors cannot participate as the programme is for Nigerian vulnerable women only.
Unanswered Questions
The state does not specify how women are chosen or when shares will be delivered.
What Comes Next
The committee will publish who qualifies and how shares will be held by the closing date.
In short
Gombe State approved N149.2 million for 28,284 vulnerable women to buy 20 Dangote Refinery shares each, with matching shares from the Aliko Dangote Foundation.
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