Dangote Foundation Launches Share Grant for Women in Nigeria

The Aliko Dangote Foundation has initiated a share subscription grant program targeting Nigerian women, including policewomen and military women, as beneficiaries. This initiative is part of the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, with a goal to reach up to two million women.

The program aims to increase women's engagement in Nigeria's capital market, focusing on low- and middle-income earners and vulnerable women. Eligible participants include independent applicants earning N100,000 or less monthly, verified participants in specific ADF programs, non-commissioned servicewomen, service spouses, and verified service widows.

The foundation will provide grants for share acquisition, with independent applicants receiving an ADF-funded application for additional shares upon subscribing to a minimum of 10 shares. The program is implemented in partnership with Vetiva Capital Management and the Nigerian Exchange Group, adhering to Securities and Exchange Commission-approved IPO subscription protocols.

Beneficiaries must be Nigerian women aged 18 and above and complete identity verification processes.