The Aliko Dangote Foundation has introduced a Student Share Grant Initiative aimed at encouraging financial literacy, responsible investing and asset ownership among Nigerian students.
The programme is designed to give eligible students in tertiary institutions practical exposure to the formal investment process while encouraging them to develop an investment culture early in life.
Students aged 18 and above in public and private tertiary institutions across Nigeria may participate, subject to verification and other eligibility conditions.
Under the arrangement, an eligible student who completes the verification process and applies in his or her own name for a minimum of 10 shares in the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE will qualify for the Foundation to fund an application for an additional 10 shares in the student’s name.
The student will not be required to pay for the additional application.
The Foundation, however, stressed that funding the additional application does not guarantee that the shares will ultimately be allotted.
Both applications will remain subject to the terms governing the public offer and its allotment process.
Chairman of the Aliko Dangote Foundation, Aliko Dangote, said investment in young Nigerians should extend beyond providing access to education.
He said young people should also be equipped to understand how economic value is created and how they can participate in wealth creation.
Dangote said the initiative was intended to introduce students to saving, responsible investment and long term ownership.
According to him, understanding investment at an early age could help young Nigerians make better financial decisions and participate more confidently in the formal economy.
Chief Executive Officer of the Foundation, Zouera Youssoufou, said financial education becomes more meaningful when people have an opportunity to apply what they have learned.
She said participants would gain exposure to different stages of the investment process, including verification, application, allotment and ownership.
The Foundation said successful applicants would complete verification through the designated programme portal before being directed to the appropriate subscription channel.
It stressed that the programme applies only to eligible students participating in the Dangote Petroleum Refinery and Petrochemicals public offer through the approved channel.
The grant cannot be transferred to another person or used to purchase shares in another Dangote company or any unrelated business.
The Foundation also clarified that the initiative is separate from the administration of the public offer itself.
Participation is voluntary and should not be interpreted as investment advice or a recommendation by the Foundation to purchase shares.
Students were advised to examine the relevant offer documents, terms, conditions and privacy information before making investment decisions.
The initiative represents another attempt to bring a younger generation of Nigerians into the formal investment market at a time when financial literacy and long term asset ownership remain important issues for the country’s expanding youth population.
