Africa’s richest man and founding father of Dangote Cement Plc, Aliko Dangote, has introduced his retirement as Chairman of the Board of Directors of the cement big, efficient July 25, 2025.
In a press release on Friday, Anthony Chiejina, Group Chief, Branding and Communications, stated Dangote is stepping all the way down to give attention to Dangote Petroleum Refinery, petrochemicals, fertiliser initiatives, and authorities relations, that are central to the conglomerate’s five-year enterprise development trajectory.
To fill the management hole, Emmanuel Ikazoboh, an unbiased non-executive director and former Group Chairman of Ecobank Transnational Inc., has been appointed as the brand new Chairman of the Board.
The firm additionally introduced the appointment of Hajiya Mariya Aliko Dangote to its board, whereas Prof. Dorothy Ufot, one other unbiased non-executive director, retired from the board.
“Aliko Dangote has redefined not just his company but the entire cement industry landscape,” Chiejina acknowledged, describing the billionaire’s impression as monumental.
Under Dangote’s management, Dangote Cement reworked from a daring concept into Africa’s largest cement producer, with a mixed capability of 52.0Mta throughout the continent, together with 35.25Mta in Nigeria.
The firm is increasing with new vegetation in Côte d’Ivoire (3.0Mta) and Itori, Nigeria (6.0Mta), which can elevate complete capability to 61.0Mta upon completion this yr.
Financially, Dangote Cement has recorded historic development:
Revenue surged 17.7% to ₦2.07 trillion within the first half of 2025.
EBITDA grew 41.8% to ₦944.9 billion, whereas revenue earlier than tax jumped 149% to ₦730 billion.
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Profit after tax soared 174.1% to ₦520.5 billion.
Cement export volumes additionally rose 18.2%, with 18 profitable clinker shipments to Ghana and Cameroon.
Chiejina famous that Dangote Group subsidiaries paid over ₦402 billion in taxes in 2024, making the conglomerate Nigeria’s high taxpayer.
“Aliko Dangote’s legacy will be counted in the millions of jobs created, infrastructure built, and confidence restored in African industrial potential,” the assertion added.
In his acceptance speech, Ikazoboh pledged to uphold the corporate’s excessive requirements whereas steering it towards value effectivity and sustainability.
“We will implement robust cost-reduction strategies to navigate inflationary pressures and enhance competitiveness,” he stated.
He additionally emphasised accelerating the adoption of other fuels and cleaner applied sciences, decreasing reliance on fossil fuels and selling environmental sustainability.
Ikazoboh brings a long time of management expertise, having began his profession at Akintola Williams Deloitte and later serving as Managing Partner for West and Central Africa. He was appointed by Nigeria’s Securities and Exchange Commission (SEC) in 2010 as interim administrator to reform the Nigerian Stock Exchange (NSE), now Nigerian Exchange Limited.
