Zamfara Govt To Distribute Dangote Shares To 36,176 Residents

The Zamfara State Government says it has approved a plan to provide 36,176 residents with shares in Dangote Group as part of efforts to promote financial inclusion and economic empowerment.

The initiative, according to the State Ministry of Humanitarian Affairs and Relief Matters, is designed to enable residents to participate in investment opportunities and benefit from the country’s business sector.

Under the programme, each beneficiary is expected to receive approximately 20 shares through the Dangote Initial Public Offering, in collaboration with the state ministries of Humanitarian Affairs and Finance, as well as the Zamfara Investment Company.

The programme will be coordinated by the Commissioner for Humanitarian Affairs, Salisu Musa Tsafe Kainuwa.

According to the ministry, the beneficiaries will be drawn from the state’s 14 local government areas, with 2,261 beneficiaries allocated to each of 13 local government areas, while Gusau, the state capital, will have 4,522 beneficiaries.

The ministry also said the programme would accommodate persons with disabilities as part of efforts to ensure inclusiveness.

It added that the initiative was approved by Governor Dauda Lawal to expand residents’ access to investment opportunities and promote financial independence.

The state government says the investment scheme forms part of its broader humanitarian and economic empowerment agenda, with additional programmes targeting women and young people expected to be announced.

However, the ministry’s claims about the number of shares, expected returns and payment to the company could not be independently verified at the time of this report. The statement did not provide details of the share price, the total investment involved or the mechanism for distributing the shares to beneficiaries.