Aliko Dangote Foundation to Empower Students with IPO Shares

The Honourable Minister of Education, Dr. Maruf Tunji Alausa, CON, praised Alhaji Aliko Dangote and the Aliko Dangote Foundation for their initiative to acquire Initial Public Offering (IPO) shares of Dangote Refinery for eligible Nigerian tertiary institution students. This program aims to empower up to four million students aged 18 and above, providing each with 10 IPO shares without requiring prior investment.

Dr. Alausa described the initiative as an innovative method to enhance financial literacy, youth empowerment, and wealth creation. He emphasized that it offers students practical exposure to capital markets and responsible investing, aligning with the Nigeria Education Sector Renewal Initiative (NESRI) and President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The Minister reaffirmed the Federal Ministry of Education’s commitment to partnering with the private sector to improve educational quality and equip learners with necessary skills. He encouraged other corporate organizations to support similar initiatives, recognizing the educational and developmental value of the program without endorsing specific investment decisions.