Aliko Dangote says about 2 million vulnerable women may buy and receive extra Dangote Refinery IPO shares via his foundation

Nigerian billionaire Aliko Dangote said in New York on the sidelines of the 81st United Nations General Assembly that he plans to help about two million vulnerable women take shares in Dangote Petroleum Refinery and Petrochemicals Limited.

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Aliko Dangote was answering a question on how public-private partnerships could support conflict-affected communities, especially widows.

He said the scheme would run through the Dangote Foundation and state governments. It would help women buy shares and, for some, add donated stock as long-term savings.

“We are partnering with state governments to ensure that widows and other vulnerable women are able to buy shares in the refinery,” Aliko Dangote said.

“Beyond enabling them to buy shares, the foundation will also support them by donating additional shares that they can hold as savings for the future. We are looking at reaching about two million women through this initiative.”

The figure is an aim, not a completed allotment. He did not publish the naira value of the gift, the number of shares per woman, the IPO timetable or how states will verify widows and other vulnerable applicants. Those details will decide whether the promise becomes ownership or a slogan.

Also read: Dangote Buys 4,000 Machines for Refinery Expansion

Nigerians should also treat unsolicited “Dangote IPO” messages with caution. The Securities and Exchange Commission has already warned that fraudsters are using the expected listing to harvest money and data. Official applications will not arrive as random WhatsApp links.