Minister of Education, Tunji Alausa, has commended the Aliko Dangote Foundation for its plan to provide Initial Public Offering (IPO) shares in Dangote Refinery to eligible students in Nigerian tertiary institutions, describing the initiative as a potential boost for financial literacy and youth empowerment.
Key Highlights
- Education Minister Tunji Alausa commends the Dangote Foundation’s share plan for tertiary students.
- Eligible students aged 18 and above are to receive 10 Dangote Refinery IPO shares each.
- Up to four million students are expected to benefit.
- Alausa says the plan aligns with NESRI and the Renewed Hope Agenda.
- The ministry says its commendation is not an endorsement of any investment decision.
A statement signed by Boriowo Folasade, Director of Press and Public Relations at the Federal Ministry of Education, said the proposed initiative would enable eligible students aged 18 and above to receive 10 IPO shares each, with up to four million students expected to benefit.
Alausa said the plan could give students practical exposure to the capital market and help them understand investment, long-term financial planning and wealth creation.
According to the minister, the initiative would also encourage greater financial independence among young Nigerians by introducing them to investment opportunities while they are still in school.
Initiative Aligns With NESRI, Renewed Hope Agenda
He said the programme aligns with the Nigeria Education Sector Renewal Initiative (NESRI) and President Bola Tinubu’s Renewed Hope Agenda, particularly their focus on human capital development, enterprise and inclusive economic growth.
The minister reaffirmed the Federal Ministry of Education’s commitment to working with private-sector organisations to improve the quality and relevance of education and equip students with skills needed in a changing economy.
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However, Alausa clarified that the ministry’s commendation is based on the initiative’s potential educational and developmental benefits and should not be interpreted as an endorsement of any specific investment decision.
He also urged other corporate organisations to support initiatives that promote youth development, financial awareness and entrepreneurship.
The proposed share distribution is expected to expose participating students to the workings of the capital market while encouraging a stronger culture of financial literacy among young Nigerians.
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