Dangote Offers Students 10 Bonus Shares in Refinery IPO, Shares Link to Apply
- The Aliko Dangote Foundation launched a Student Share Grant Initiative tied to the ongoing Dangote Refinery IPO
- Nigerian students aged 18 and above must subscribe to at least 10 shares through a dedicated portal to qualify for the grant
- The Dangote Refinery IPO is priced at N525 per share, with subscriptions open until October 13, 2026
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The Aliko Dangote Foundation (ADF) has unveiled a Student Share Grant Initiative that will give qualifying Nigerian students 10 free shares in Dangote Petroleum Refinery and Petrochemicals FZE after they subscribe to the company's ongoing initial public offering (IPO).
The programme is open to students aged 18 and above who are enrolled in public or private tertiary institutions across Nigeria.
Source: Getty Images
To qualify, a student must complete a verification process and subscribe to a minimum of 10 shares through the foundation's dedicated platform, ipo.alikodangotefoundation.org.
The foundation will then fund the additional 10 shares in the student's name at no cost to them.
The Dangote Refinery IPO opened on September 14, 2026, and will close on October 13, 2026. Shares are priced at N525 each, meaning the minimum subscription of 10 shares requires a payment of N5,250 from the student.
What the foundation says about the initiative
The ADF said the scheme is part of its broader push to advance education, economic inclusion, and practical financial knowledge among young Nigerians.
The foundation argued that pairing investor education with direct capital market participation would give students firsthand experience of saving, responsible investing, and asset ownership.
Aliko Dangote said young people needed more than access to education; they needed pathways into wealth creation.
Dangote said:
"Through this initiative, we want students to understand the value of saving, responsible investing and long-term ownership. Our goal is to help them develop an investment mindset early in life."
He added that early exposure to investment opportunities could shape future financial behaviour and draw more young Nigerians into the formal economy, Punch reports.
ADF chief executive on financial literacy
ADF Chief Executive Zouera Youssoufou said the programme was designed to close the gap between learning about finance and actually practising it.
Youssoufou said:
"Financial literacy becomes more impactful when people can apply what they learn."
She noted that participating students would go through the full investment cycle, from verification and subscription through to allotment and ownership, giving them a complete picture of how capital markets work.
Source: Getty Images
She added:
"We are seeking to inspire a lifelong interest in financial literacy, investing and asset ownership among young Nigerians."
Leadership reports that the foundation said the knowledge students gain through the initiative could lay the groundwork for better financial decisions and wider participation in Nigeria's capital market over the long term.
Dangote plans $16bn Kenya refinery
Earlier, Legit.ng reported that Nigerian billionaire Aliko Dangote has predicted that African countries will largely stop importing refined petroleum products from outside the continent by 2030, as he prepares to launch a major refinery project in Kenya.
He spoke in Nairobi ahead of the groundbreaking of the 700,000 barrels-per-day facility, valued at $16 billion, which is set to be commissioned in Lamu on Kenya's Indian Ocean coast on Wednesday, with construction expected to run for about 30 months.
The Lamu project has not been without pushback.
Source: Legit.ng
