Governor Mai Mala Buni of Yobe State has approved ₦230.62 million for procurement of shares for 43,928 vulnerable women across the 17 Local Government Areas of the State.
According to Mamman Mohammed, Director-General Press and Media Affairs to the Governor, the development followed high-level engagements initiated by the state government, represented by the Secretary to the State Government, Dr. Mohammed Goje, exploring opportunities for private-sector partnerships to support vulnerable women and conflict-affected households in Yobe State, at the 81st United Nations General Assembly in New York, United States of America.
Dr. Goje on behalf of the state government, had at the UNGA discussions solicited for partnership with the Aliko Dangote Foundation to provide 43,928 vulnerable women across the 17 Local Government Areas of Yobe State with an opportunity to become shareholders in Dangote Petroleum Refinery and Petrochemicals.
The initiative centered on a shift in women’s economic empowerment to move beyond conventional financial assistance to financial inclusion, investment participation and long-term asset ownership.
Under the arrangement, Yobe State government would sponsor the subscription of 10 shares for each of the 43,928 eligible women totaling ₦230.62 million, while the Aliko Dangote Foundation would provide an equivalent matching grant to translate in an investment opportunity valued at approximately ₦461.24 million, subject to the applicable IPO conditions and successful allotment.
Each of the 43,928 participating women would have 20 shares in her own name, with the shares credited to her individual Central Securities Clearing System account, promoting personal asset ownership and financial independence.
The initiative prioritises women from internally displaced households, widows with multiple dependents, women with disabilities, and those living in extreme poverty.
The development further highlights the growing importance of strategic international engagement in attracting practical investment opportunities to Yobe State.
“What began as a high-level conversation during UNGA 2026 has progressed into a formal partnership proposal with the potential to directly benefit tens of thousands of women across the State.
“The initiative is also consistent with Governor Buni’s broader development agenda of promoting inclusive growth, supporting vulnerable households, strengthening economic resilience and creating opportunities for communities recovering from the effects of insurgency.
“Beyond its financial value, this initiative reflects a significant policy direction: empowering vulnerable women not merely as recipients of assistance, but as potential owners of productive financial assets,” Goje said.
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