The Aliko Dangote Foundation (ADF), in collaboration with the Federal Government through the Federal Ministry of Education, has introduced the Student Share Grant Initiative for eligible Nigerian tertiary students. The initiative is linked to the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) and is designed to promote financial literacy, financial inclusion, and responsible participation in Nigeria’s capital market. Eligible students who complete the required verification and personally apply for at least 10 shares through the designated student subscription channel may qualify for an additional application for 10 shares funded by ADF at no cost to them.
Scholarship Summary
- Host Country: Nigeria
- Category: Undergraduate Opportunities | Student Grants | Financial Inclusion
- Eligible Countries: Nigeria
- Reward: Additional Application for 10 Dangote Refinery IPO Shares at No Cost
- No IELTS Required
- Deadline: October 13, 2026
Scholarship Details
The Aliko Dangote Foundation (ADF), in partnership with the Federal Government through the Federal Ministry of Education, has launched the Student Share Grant Initiative to encourage investment and promote financial inclusion among Nigerian tertiary students.
The initiative is associated with the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). It is open to eligible Nigerian students aged 18 and above who are currently enrolled in recognised public or private tertiary institutions in Nigeria, including universities, polytechnics, and colleges of education.
Under the scheme, interested students must complete the required verification process and personally apply for at least 10 shares in the refinery IPO through the designated student subscription channel. Students who meet the requirements may qualify for ADF to fund and submit a separate application for an additional 10 shares on their behalf at no cost to them. The additional grant application is limited to 10 shares per eligible student, regardless of the number of shares they personally request.
Eligibility Criteria
To be eligible for the Aliko Dangote Foundation Student Share Grant, applicants must:
- Be a Nigerian citizen.
- Be at least 18 years old.
- Be currently enrolled in an accredited public or private tertiary institution in Nigeria, including a university, polytechnic, college of education, or another recognised tertiary institution.
- Successfully complete the required verification process.
- Personally apply for at least 10 Dangote Refinery IPO shares through the designated student subscription channel.
Scholarship Benefits
Successful and eligible applicants under the Aliko Dangote Foundation Student Share Grant Initiative may receive the following benefits:
- An additional application for 10 Dangote Refinery IPO shares funded by the Aliko Dangote Foundation.
- No additional payment required from the student for the foundation-funded share application.
- An opportunity to participate in the capital market while developing financial literacy and responsible investment habits.
- Access to additional share application support, subject to meeting the initiative’s eligibility and verification requirements.
The additional application is limited to 10 shares per eligible student, regardless of how many shares the student personally applies for.
Required Documents
Applicants should be prepared to provide the information and documents required for the application and verification process, which may include:
- Valid proof of Nigerian citizenship or identification.
- Evidence of age.
- Valid student identification or proof of enrolment in a recognised Nigerian tertiary institution.
- Any other information or documents requested through the designated student subscription channel.
How to Apply
To apply for the Aliko Dangote Foundation Student Share Grant Initiative:
- Visit the official or designated student subscription webpage for the Dangote Refinery IPO.
- Complete the required verification process.
- Personally apply for at least 10 shares in the DPRP IPO through the designated student channel.
- Ensure that all required information is accurate and submitted before the deadline.
- Await confirmation of eligibility for the additional share application funded by ADF.
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