Govt To Buy Dangote Refinery Shares For Female Teachers

MOUTHPIECE NGR reports that Kwara State Government has announced plans to buy shares in the Dangote Refinery Initial Public Offering (IPO) for female teachers in the state.

The plan is part of a new initiative to promote investment and financial inclusion among educators.

Governor AbdulRahman AbdulRazaq disclosed this on Monday in Ilorin while speaking at an event organised to mark the 2026 World Teachers’ Day.

The governor also presented about N120 million in awards to outstanding teachers, head teachers, principals and schools.

He said the state would purchase 10,000 shares for 10 female teachers in each of the outstanding public schools.

He added that the scheme would also be extended to outstanding retired female teachers.

He said the initiative was being developed in partnership with the Dangote Foundation to encourage women to move beyond earning income to building assets through investment and share ownership.

“Dangote has created the Dangote Foundation, providing subscription grounds for women only. For every ten shares we purchase they will give a grant of another ten shares, making twenty shares,” AbdulRazaq said.

He added, “Our hardworking women teachers in TESCOM and SUBEB will get ten shares each. We will also extend it to the retired female teachers so that peace and prosperity will go round them.”

AbdulRazaq directed the Head of Service, Dr Olufunke Mercy Shittu, to work out modalities for capturing qualified retired female teachers under the initiative.

The governor said the investment programme was part of wider efforts to improve the welfare and economic opportunities available to teachers in the state.

He said his administration would continue to prioritise teachers because of their central role in determining the quality of education and, ultimately, the future of the state.

“We will continue to do our part, including improving your welfare and working conditions on a sustainable basis. We are confident that you and other stakeholders will always do your part,” he said.