Nigerian students can receive 10 additional shares in Dangote Petroleum Refinery and Petrochemicals FZE at no cost under the Aliko Dangote Foundation’s Student Share Grant Initiative.
The initiative, announced by the foundation in October 2026, aims to promote financial inclusion, encourage a savings culture and introduce young Nigerians to investment opportunities in the capital market.
Under the programme, eligible students who purchase a minimum of 10 shares in the refinery’s ongoing initial public offering (IPO) may qualify for an additional 10 shares funded by the foundation through a separate application.
At the offer price of ₦525 per share, students must pay at least ₦5,250 to subscribe for the initial 10 shares. The foundation will cover the cost of the additional 10 shares for eligible beneficiaries, subject to its terms and conditions.
However, the grant does not guarantee that shares will be allotted under either the student’s personal application or the foundation-funded application.
Who Is Eligible?
According to the initiative’s terms and conditions, applicants must meet the following requirements:
- Be at least 18 years old.
- Be enrolled in an eligible public or private tertiary institution in Nigeria, including a university, polytechnic or college of education.
- Not be enrolled in a postgraduate programme.
- Provide the necessary information for student verification.
- Have a valid Bank Verification Number (BVN) and complete the required identity verification and Know Your Customer (KYC) procedures.
- Apply for and pay for at least 10 refinery shares through the designated student subscription channel.
Applicants must submit their applications in their own names and for their own benefit. Each eligible student may qualify for the grant only once.
How to Apply for the Additional 10 Shares
1. Visit the official application portal
Interested students should visit the Aliko Dangote Foundation’s Student Share Grant Initiative portal at:
https://ipo.alikodangotefoundation.org/students
2. Verify your student status
Applicants will be required to provide details such as their institution’s name, matriculation number, BVN, email address and phone number for verification.
Students should ensure that all information supplied is accurate and consistent with their school and identity records.
3. Complete the verification process
Follow the instructions on the official platform to complete the student verification process and proceed to the designated subscription channel.
4. Subscribe for a minimum of 10 shares
Eligible applicants must complete the required identity verification and KYC procedures, review the applicable IPO documents and submit an application for at least 10 shares in their own names.
At ₦525 per share, the minimum subscription costs ₦5,250. Students must pay for the shares covered by their personal applications.
5. Qualify for the additional 10 shares
Following the necessary eligibility, payment and application checks, the foundation may fund and submit a separate application for 10 additional shares on behalf of an eligible student.
Although the additional application comes at no cost to the student, funding and submission remain subject to the foundation’s terms and discretion. Allotment of the shares is not guaranteed.
What Is the Application Deadline?
The official Dangote IPO account announced on X that the Student Share Grant Initiative would close on October 27, 2026.
With the deadline approaching, interested students are advised to visit the official foundation portal to confirm that applications remain open and check for any updates before proceeding.
Important Information for Applicants
The initiative applies exclusively to the IPO of Dangote Petroleum Refinery and Petrochemicals FZE. It does not cover shares in other Dangote companies or any other business.
Students should also understand that submitting an application does not automatically mean they will receive shares. Final allotment is subject to the applicable IPO procedures.
The foundation does not guarantee investment returns or an increase in share value. As with other investments, the market value of the shares may rise or fall.
Applicants are advised to use only the official initiative website and designated subscription channel, read the applicable terms and conditions carefully, and avoid individuals who demand money or personal information in exchange for guaranteed access to the grant.
Interested students can visit the official portal to review the eligibility requirements and application procedures before the October 27, 2026 deadline.