The Kwara State Government has unveiled plans to purchase shares in the Dangote Refinery Initial Public Offering (IPO) for female teachers in the state. This initiative aims to promote investment and financial inclusion among educators. Governor AbdulRahman AbdulRazaq announced the plan at an event marking the 2026 World Teachers’ Day in Ilorin. The program is a collaboration with the Dangote Foundation to empower women teachers through investment and share ownership.
Under the scheme, the state will buy 10,000 shares for 10 female teachers in each of the outstanding public schools. The initiative will also be extended to outstanding retired female teachers. Governor AbdulRazaq highlighted that for every ten shares purchased, the Dangote Foundation will provide a grant of another ten shares, making a total of twenty shares. This move is expected to encourage women to build assets through investment.
The governor presented about N120 million in awards to outstanding teachers, head teachers, principals, and schools. The awards were given to 29 best principals and head teachers, who received N29 million, and 119 outstanding teachers, who received N59.5 million. The investment program is part of broader efforts to improve the welfare and economic opportunities available to teachers in the state.
Governor 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 emphasized that the investment program aims to move beyond earning income to building assets through investment and share ownership. The Dangote Foundation is providing subscription grants for women only.
The event marked the 2026 World Teachers’ Day, highlighting the importance of educators in the state. The governor acknowledged the hard work of female teachers in TESCOM and SUBEB, stating that they will receive ten shares each. The initiative is expected to bring peace and prosperity to the teachers.
The investment program is a significant step towards promoting financial inclusion among educators in Kwara State. By partnering with the Dangote Foundation, the state government aims to empower women teachers through investment and share ownership. The program will also be extended to retired female teachers.
The Dangote Refinery IPO is a major investment opportunity, and the Kwara State Government’s initiative will provide a platform for female teachers to benefit from it. The governor’s efforts to improve the welfare and economic opportunities available to teachers in the state are ongoing.
Key points
- The Kwara State Government will purchase 10,000 shares in the Dangote Refinery IPO for 100 female teachers.
- The Dangote Foundation will provide a grant of ten shares for every ten shares purchased.
- The initiative aims to promote investment and financial inclusion among educators in Kwara State.
