Dangote Foundation to Offer Free Refinery Shares to Students

Nigeria's Minister of Education, Dr Tunji Alausa, commended the Aliko Dangote Foundation for its initiative to purchase Initial Public Offering (IPO) shares in Dangote Refinery for eligible Nigerian tertiary institution students. The program aims to provide 10 IPO shares at no cost to qualifying students aged 18 and above, potentially benefiting up to four million students nationwide.

Alausa described the initiative as a forward-thinking approach to financial education, offering students real-world exposure to capital markets and encouraging responsible investing habits. He linked the program to President Bola Tinubu's Renewed Hope Agenda, emphasizing its role in human capital development and inclusive economic growth.

While supportive, Alausa clarified that the Federal Ministry of Education's endorsement reflects the program's educational value and does not constitute an endorsement of specific investment decisions. He also urged other corporate organizations to create similar initiatives to foster a financially literate generation of entrepreneurs.

The statement was issued by Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education.