Aliko Dangote
Aliko Dangote Foundation (“ADF”) has set up its Student Share Grant Initiative, a financial inclusion and investor education initiative designed to encourage a culture of saving, responsible investing and long-term asset ownership among young Nigerians.
The opportunity is open to students aged 18 years and above enrolled in public and private tertiary institutions across Nigeria, subject to applicable verification and eligibility requirements.
According to the Initiative, an eligible student who successfully completes the required student verification process and applies, in their own name and for their own benefit, for a minimum of 10 shares in the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) through the designated participation channel (ipo.alikodangotefoundation.org) will qualify for ADF to fund the application for an additional 10 DPRP shares in that student’s name, at no additional cost to the student.
ADF’s funding of the additional application does not guarantee the allotment of the additional shares. Both the student’s application and the ADF-funded application remain subject to the applicable IPO terms, allotment procedures and outcome of the IPO, and any shares allotted pursuant to the ADF-funded application will be allotted in accordance with the applicable IPO procedures.
The Initiative forms part of ADF’s broader commitment to empowering young Nigerians by promoting financial literacy, encouraging informed participation in the formal financial system and helping young people develop an early understanding of saving, responsible investment and asset ownership.
While speaking on the Initiative, the Chairman of the Aliko Dangote Foundation, Alhaji Aliko Dangote, said supporting young people should extend beyond access to education to equipping them with the knowledge and opportunities to participate meaningfully in economic value creation.
“Supporting young people goes beyond expanding access to education; it also means giving them the knowledge and opportunity to understand how economic value is created and how they can participate in it. We want Nigerian students to understand the importance of saving, investing responsibly and long-term ownership. Through this Initiative, we hope to introduce more young people to the principles of investment and encourage them to begin developing an investment culture early in life.”
He added that greater understanding of investment and ownership can help young Nigerians make better-informed financial decisions throughout their lives.
“This is ultimately about developing a mindset. When young people understand investment and ownership early, they are better equipped to make informed financial decisions and participate more confidently in the formal economy.”
The Chief Executive Officer of Aliko Dangote Foundation, Mrs. Zouera Youssoufou, said the Initiative was designed to combine financial education with practical experience.
“Financial literacy is strengthened when people have an opportunity to put knowledge into practice. This Initiative gives eligible students an opportunity to experience the formal investment process for themselves, from verification and application to understanding allotment and ownership, while encouraging responsible and informed participation in the capital market.”
“Our objective goes beyond participation in a single transaction. We want to encourage students to develop a lifelong interest in financial literacy, responsible investing and asset ownership”
Eligible students aged 18 years and above who are enrolled in public or private tertiary institutions in Nigeria may visit ipo.alikodangotefoundation.org to complete the required student verification process.
Following successful verification, eligible students will be directed to the designated subscription channel through which they may apply, in their own name and for their own benefit, for a minimum of 10 DPRP shares, being the minimum application size under the IPO.
Eligible students who complete the required process will qualify for ADF to fund an application for an additional 10 DPRP shares in their name. The ADF-funded application is provided at no cost to the eligible student.
The Initiative applies only to eligible students participating in the DPRP IPO through the designated participation channel. It cannot be used to apply for shares in another person’s name, shares in any other Dangote company, or securities of any other company.
The Student Share Grant Initiative is an ADF programme and is separate from the offer and administration of the DPRP IPO. The IPO remains subject to its applicable offer documentation, regulatory requirements, terms and transaction procedures.
Participation in the Initiative is voluntary. The Initiative is intended to support financial literacy and broaden access to investment participation and should not be regarded as investment advice or a recommendation by ADF to acquire DPRP shares. Prospective participants should carefully review the applicable IPO documentation and make their own investment decisions.
Students are also encouraged to carefully review the FAQs, Terms and Conditions and Privacy Notice relating to the Aliko Dangote Foundation Student Share Grant Initiative before participating.
For further information on the Initiative, including eligibility requirements and participation procedures, visit: ipo.alikodangotefoundation.org
