The Aliko Dangote Foundation has launched a new initiative that could allow eligible Nigerian students to receive an additional 10 shares in Dangote Petroleum Refinery and Petrochemicals FZE at no cost.
The initiative, known as the Student Share Grant Initiative, is aimed at encouraging financial literacy, responsible investing and long-term asset ownership among young Nigerians.
Under the programme, students aged 18 and above who are enrolled in eligible public or private tertiary institutions in Nigeria can participate.
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However, the shares are not simply being given away to every student. Eligible participants must first complete the required verification process and apply for a minimum of 10 Dangote Refinery shares through the Foundation’s designated subscription channel.
After successfully completing the requirements, the Foundation may fund a separate application for an additional 10 shares in the student’s name at no additional cost to the student.
How the Dangote Student Share Initiative Works
The programme is linked to the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE.
The IPO is offering shares at ₦525 per share, with a minimum subscription of 10 shares. At that price, a student applying for the minimum number would need ₦5,250 for their own share application.
The Foundation-funded application covers an additional 10 shares, meaning an eligible student who applies for the minimum 10 shares could potentially have another 10 shares applied for on their behalf.
The Foundation, however, makes an important distinction: funding the additional application does not guarantee that all 10 additional shares will ultimately be allotted. Both the student’s application and the Foundation-funded application remain subject to the applicable IPO allotment process.
Why Dangote Foundation Is Giving Students Shares
According to the Foundation, the initiative is designed to give young Nigerians practical experience with investing rather than limiting financial education to classroom lessons.
Aliko Dangote said the programme is intended to help young people understand saving, responsible investment and long-term ownership.
The Foundation’s Chief Executive Officer, Zouera Youssoufou, also said practical participation could make financial literacy more meaningful by allowing students to experience the investment process from verification and subscription through to allotment and ownership.
The initiative is therefore positioned as both an investment opportunity and a financial-literacy programme for young Nigerians.
Who Can Participate?
The Student Share Grant Initiative is open to eligible Nigerian students who:
- are 18 years or older;
- are enrolled in an eligible public or private tertiary institution in Nigeria;
- successfully complete the required student verification;
- apply for at least 10 Dangote Refinery shares through the designated channel; and
- participate in their own name and for their own benefit.
The Foundation said the initiative applies only to the Dangote Petroleum Refinery and Petrochemicals FZE IPO. It cannot be used to obtain shares in another Dangote company or another company.
Students should also note that participation is voluntary and should not be regarded as investment advice or a guarantee that the shares will increase in value.
The Dangote Foundation has advised prospective participants to carefully review the applicable IPO documents, terms and conditions before applying.
The initiative is currently tied to the ongoing Dangote Refinery IPO, which is scheduled to close on October 13, 2026, according to reports on the offer.
