Buni approves Dangote refinery shares for 43,928 vulnerable Yobe women
Yobe State Governor, Mai Mala Buni, has approved ₦230.62 million for the purchase of shares in Dangote Petroleum Refinery and Petrochemicals for 43,928 vulnerable women across the state’s 17 local government areas. The…
Dangote Petroleum Refinery, commissioned in Lagos as Africa's largest single-train refinery, has drawn interest from state governments and institutions seeking equity stakes since it began offering shares to Nigerian investors. Several states have in the past explored similar share-purchase schemes, often framed as both an investment opportunity and a social intervention for residents.
In this case, Yobe State is directing the investment specifically at vulnerable women across its local government areas, positioning it as a welfare measure alongside a commercial one. The coverage from Tribune Online and Daily Trust agrees on the core details — the ₦230.62 million approval, the 43,928 beneficiaries, and the spread across all 17 LGAs — with Daily Trust citing the state's Director-General as the source. Neither report yet details how beneficiaries will be selected, when the shares will be disbursed, or what returns the women are expected to receive.