LAGOS — The Aliko Dangote Foundation says 777,907 women in 15 states are set to receive a total of 15.56 million shares in Dangote Petroleum Refinery under its Women Share Subscription Grant Initiative. In a statement on Sunday, the foundation's Managing Director, Zouera Youssoufou, said each beneficiary will get 20 shares at the IPO price of N525, worth N10,500. The state government pays for 10 shares and the foundation matches them with another 10. The participating states are Abia, Anambra, Borno, Ebonyi, Enugu, Gombe, Imo, Kebbi, Kwara, Lagos, Nasarawa, Niger, Plateau, Yobe and Zamfara, with Gombe the first to pay its full contribution. The foundation said its wider goal is to reach two million women across all 774 local government areas. A separate scheme gives 10 shares each to students in tertiary institutions. The IPO offers 4.1 billion shares and was extended by two weeks from 13 October.