According to him, women who invest in the IPO will also receive additional shares from the foundation, enabling them to accumulate long-term savings through equity ownership.
In addition to allowing them to purchase shares, the foundation will help them by giving them extra shares that they can save for the future.
He continued, “We are looking at reaching about two million women through this initiative.”
The initiative is a part of the larger Dangote Refinery “People’s IPO,” which aims to increase Nigerian ownership of the 700,000-barrel-per-day refinery by selling shares.
Vulnerable women in communities affected by war, such as widows and households experiencing financial difficulties, are anticipated to receive special attention from the planned cooperation.
The agreement would allow eligible women to participate in the IPO with the help of state governments and the foundation, and the additional shares that the foundation would contribute would provide beneficiaries with a longer-term financial asset.