Dangote Foundation Launches IPO Grant for 2 Million Women
The Aliko Dangote Foundation (ADF) has launched a share subscription grant scheme aimed at assisting up to two million Nigerian women in participating in the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. This initiative targets women in low- and middle-income groups, providing them with equity ownership opportunities.
Eligible participants include women aged 18 and above, earning N100,000 or less monthly, verified beneficiaries of selected ADF programmes, eligible non-commissioned servicewomen, service spouses, and verified service widows. Each woman can receive only one ADF share grant, and applicants must complete the IPO's Know Your Customer (KYC) process.
The application process closes on October 13, 2026. ADF has cautioned against fraud, advising applicants to avoid paying agents or sharing sensitive information.
The initiative aims to enhance women's access to investment opportunities and promote long-term wealth creation.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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