
Aliko Dangote Foundation Share Grant Initiative 2026 for Nigerian Students
The Aliko Dangote Foundation Share Grant Initiative is designed to promote financial inclusion, investment awareness and responsible participation in Nigeria's capital market among tertiary students. Eligible students who successfully verify their student status and apply for at least 10 shares of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) through the designated student subscription channel may qualify for ADF to fund a separate application for an additional 10 shares on their behalf at no cost.
Listing Verification Pending
Editorial IntakeReviewed by ScholarsConnect Editorial Team • Last checked: 12 Oct 2026
Opportunity Overview
Eligibility Requirements
Must be 18 years or older Must be a current student of an eligible Nigerian tertiary institution Public and private universities, polytechnics and colleges of education are covered Must successfully complete student verification Must provide a valid matriculation number Must have an 11-digit BVN Must satisfy applicable KYC/regulatory requirements Must personally subscribe for at least 10 DPRP IPO shares through the designated channel Participation must be in the student's own name and for their own benefit.
Benefits & Financial Coverage
A student investing the minimum ₦5,250 applies for 10 shares. If eligible, ADF may fund a separate application for another 10 shares worth ₦5,250 at no additional cost to the student. If both applications receive full allotment, that could result in 20 shares.
Important: The additional shares are not automatically guaranteed. ADF retains discretion over funding the additional application, and both the student's shares and ADF-funded shares remain subject to the IPO allotment process.
Required Documents Checklist
Check the ADF portal for the accurate requested documents.
Application Steps (Step-by-Step)
Step 1 — Visit the official student portal Go to: ADF Student Application Portal Step 2 — Select your institution Search for and select your university, polytechnic or college of education. The portal specifically supports public and private tertiary institutions. Step 3 — Enter your matriculation number Enter your matric number exactly as registered with your institution. Step 4 — Enter your BVN Provide your 11-digit Bank Verification Number. Step 5 — Accept the terms Read and accept the Initiative's Terms and Conditions and Privacy Notice. Step 6 — Click “Verify and proceed” The system will attempt to verify your student information. Step 7 — Complete the required personal/KYC information After successful student verification, continue with the requested information for the IPO subscription process. Step 8 — Subscribe for at least 10 shares The minimum is: 10 shares × ₦525 = ₦5,250 You can apply for more than 10 shares, but the ADF-funded application is limited to an additional 10 shares.
Step 9 — Make payment through the designated channel Follow the payment instructions presented during the official application process. Do not send money to unofficial accounts or individuals. Step 10 — Keep your confirmation Save your application/payment confirmation for reference. If you satisfy the Initiative requirements, ADF may then fund and submit a separate application for 10 additional shares on your behalf. You don't pay for those additional 10 shares.
💡 ScholarsConnect Strategic Advice
Very important for ScholarsConnect users: Students should start through the ADF student portal rather than independently buying 10 shares through an unrelated broker and assuming they will qualify. The Foundation specifically requires the student's subscription to be made through the designated subscription channel.
Official Source & Verification Notice
ScholarsConnect operates as an independent discovery platform. We summarize program guidelines to empower applicants. Never submit payment to unauthorized agents. Always verify current requirements on the official provider's portal.
Join Our WhatsApp Community
Get instant scholarship alerts directly to your phone. Never miss a deadline!
