Kwara State launches IPO share scheme for female teachers

Kwara State Government announced plans to purchase shares in the Dangote Refinery Initial Public Offering (IPO) for female teachers in the state. Governor AbdulRahman AbdulRazaq disclosed this initiative, which aims to promote investment and financial inclusion among educators. The state will purchase 10,000 shares for every ten female teachers in outstanding public schools, and the scheme will also extend to outstanding retired female teachers.

The state's participation adds institutional support to the IPO. The Dangote Foundation provides a grant of ten shares for every ten shares the state purchases, increasing the total shares distributed. This initiative is designed to encourage women to build assets through share ownership.