Aliko Dangote has retired as Chairman and Director of the Board of Dangote Cement Plc, effective July 25, 2025. The move is aimed at allowing him to focus fully on his other strategic ventures, including the Dangote Refinery, Petrochemicals, Fertilizer operations, and government relations, as part of the group’s long-term business vision.
During his tenure, Dangote Cement grew into Africa’s largest cement producer, with an installed capacity of 52.0 million tonnes annually across the continent. Nigeria alone contributes 35.25 million tonnes. The company is also on track to increase its footprint further with two new plants in Côte d’Ivoire and Itori, Ogun State, expected to raise total capacity to 61.0 million tonnes by the end of 2025.
Under Dangote’s leadership, the company recorded impressive financial results in the first half of 2025. Revenue surged by 17.7 percent to N2.07 trillion, while EBITDA rose by 41.8 percent to N944.9 billion. In Nigeria, EBITDA grew by 82.4 percent, with profit before tax hitting N730 billion — up 149 percent — and profit after tax reaching N520.5 billion, a 174.1 percent increase year-on-year. Export volumes from Nigeria also climbed by 18.2 percent, with 18 clinker shipments delivered to Ghana and Cameroon.
Dangote Group was Nigeria’s top taxpayer in 2024, remitting over N402 billion to the government.
Following Dangote’s exit, the Board appointed Emmanuel Ikazoboh as the new Chairman. A respected corporate leader and former Group Chairman of Ecobank Transnational Inc., Ikazoboh brings decades of experience in finance, capital markets, and governance. His previous roles include Managing Partner at Akintola Williams Deloitte in West and Central Africa and Interim Administrator of the Nigerian Stock Exchange and CSCS.
Hajiya Mariya Aliko Dangote was also appointed to the board, while Prof. Dorothy Ufot retired from her position.
In his acceptance speech, Ikazoboh expressed gratitude for the appointment and pledged to maintain the company’s standard of leadership excellence. He outlined a vision centered on operational efficiency, sustainability, innovation, and strategic growth, including cost-saving initiatives, a shift to alternative fuels, and workforce development.