—— Promises to focus on Operational Excellence, Strategic Expansion, Sustainability, Innovation and Community Engagement.
Foremost entrepreneur and Founder of Dangote Cement Plc, has formally announced his retirement aa Director and Chairman of the Board of Directors, which took effect from July 25, 2025. He relinquished his Chairmanship position and retired from the Board so as to focus more attention on the Refinery, Petrochemicals, Fertiliser and Government Relations, in order to drive the Company’s five year business trajectory to a superlative height.
It was in this light, in a statement by the Company Group Chief Branding and Communications Officer that tDangote Cement Plc board announced the appointment of Mr. Emmanuel Ikazoboh, an Independent non – executive director, as the new Chairman Board of Directors, in the same vein, Hajiya Mariya Aliko Dangote was also appointed of the Board of the Directors of the Company, while Professor Dorothy Ufort retired from the Board.
Reputed as African’s leading Investor, Aliko Dangote leaved an indelible footprints as bowed out from the board. His vision and tenacity redefined not just a company, but the entire Cement Producer and larger exporter of cement and clinker in Sub – Sahara Africa.
Aliko Dangote’s journey’s with cement began with a bold dream to make Nigeria and Africa self – sufficient in Cement Production Through Strategic Investments in State – of – the – art plants, and a commitment to local contents, he not only met that goal but exceeded it.
Dangote Cement has 52 .0 Mta capacity across African continent with Nigeria accounting for 35 . 25 Mta currently, additional greenfield plants are coming up in Cote D’Ivoire ( 3 . 0 ) and Itori, Nigeria ( 6 . 0 ) and on completion this year will push total capacity to 61. 0 Mta.
Under his visionary leadership, Dangote Cement Plc recorded the highest revenue and Earnings before Interest, Taxes, Depreciation, and Amortization, ( EBITDA) in the history of the company. According to unaudited results for six months ending 30th June 2025, the group revenue went up by 17.7 per cent, from N 1, 760 billion at the same period in 2024 to N 2, 071.60 billion, representing the highest revenue in the history of the company.
Group Earnings Before Interest, Taxes, Depreciation, and Amortization ( EBITDA)grew by 41. 8 per cent to N944.900 billion from N666.22 billion. EBITDA ( Nigeria Operations) grew by 82.4 per cent to N845.4 billion. Profit before tax went up from N730 billion Indicating 149 per cent increase, while profit after tax surged by 174 per cent to N520.5 billion, in contrast to N189. 90 billion in the same period at the preceding period in the same six months, export volumes from Nigeria increased by 18.2 per cent, with 18 successful clinker shipments made to Ghana and Cameroon.
Aliko Dangote legacy will be counted in millions of jobs created, the Infrastructure built, and the confidence restored in African Industrial potential. He has proven that Africa can produce, compete, and lead on global stage.
It is on record that subsidiaries under Dangote Group paid over N402 billion in taxes in 2024 making it the highest tax payer in the country.
The new Chairman of the Board of the Company, Emmanuel Ikazoboh in his acceptance speech, said he is truly honoured to accept the role of Chairman of Dangote Cement Plc, while pledging to uphold the highest standard of leadership and dedication in this role.
He described the company as beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence. Over the years, Dangote Cement Plc has not only become the Continent leading cement producer but also played a vital role driving economic growth and development among numerous African nations.
Giving insight into what his tenure holds for the company, he said my vision for Dangote Cement Plc is built upon a foundation of sustainable growth, operational efficiency, and unwavering commitment to our core values. We will continue to focus on the following key priorities, Operational Excellence, Strategic Expansion, Sustainability, Innovation and Community Engagement.
Part of the strategies he intends to introduce, includes: driving down costs through the implementation of robust cost reduction strategies to navigate inflationary pressures and enhance competitiveness. The Company he stated will accelerate efforts to adopt alternative fuel and technologies, reducing reliance on fossil fuels and contributing to a more sustainable future.
Regarding Staff Welfare, he promised that the company will continue to invest in training and development, fostering a culture of excellence and empowering employees to reach their full potential.
For the record, Emmanuel Ikazoboh was previously the Group Chairman of ECObank Transnational Inc; the Pan – African banking group. He started his Professional career at Akintola Williams Deloitte, where he first became Managing Partner for Francophone Offices in Cameroon, and in Cote D’Ivoire and later became Managing Partner of Deloitte Firm in West Africa and Central African Republic until 2009. And in 2010 he was appointed by the Securities and Exchange Commission ( SEC) as an Interim Administrator to carry out capital market reforms, and the Central Security Clearing System ( CSCS ).
