In a significant shift for Africa’s cement giant, Aliko Dangote has announced his retirement as Director and Chairman of Dangote Cement Plc, effective July 25, 2025. This strategic move allows him to dedicate his efforts to the company’s ambitious ventures in refining, petrochemicals, fertiliser, and government relations.
“I am stepping back to focus on areas that will drive our five-year business trajectory to new heights,” Dangote explained, emphasizing his ongoing commitment to the growth of the conglomerate he founded, which has redefined the cement landscape in Africa.
With his departure, Mr. Emmanuel Ikazoboh, an esteemed independent non-executive director, has been appointed as the new Chairman of the Board. Hajiya Mariya Aliko Dangote joins the board, while Prof. Dorothy Ufot has retired. Ikazoboh expressed his gratitude for the role, stating, “I am truly honored to accept the position of Chairman and pledge to uphold the highest standards of leadership and dedication.”
Under Aliko Dangote’s visionary leadership, Dangote Cement has surged to become Africa’s largest cement producer, boasting a capacity of 52 million tonnes annually across the continent, with Nigeria accounting for 35.25 million tonnes. The company is set to expand further with new plants in Côte d’Ivoire and Itori, Nigeria, which will increase total capacity to 61 million tonnes by the end of this year.
Dangote’s legacy is marked by impressive financial milestones. The company recently reported a remarkable 17.7% increase in revenue, soaring from N1,760 billion to N2,071.6 billion, alongside an extraordinary 41.8% growth in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
Reflecting on his tenure, Dangote noted, “My journey began with a bold dream to make Nigeria and Africa self-sufficient in cement production. We not only achieved that goal but exceeded it.”
Ikazoboh envisions a future rooted in sustainable growth and operational excellence. “We will focus on driving costs down while embracing innovative technologies, ensuring that we remain competitive in a challenging economic landscape,” he stated, promising continued investment in employee training and welfare.
As Aliko Dangote hands over the reins, his impact is evident in the millions of jobs created and the infrastructure built under his leadership. “Africa can produce, compete, and lead on the global stage,” he proclaimed, leaving an indelible mark on the continent’s industrial potential.
In the wake of this leadership transition, the new chairman is set to steer Dangote Cement into a promising future, upholding the values that have made it a beacon of African enterprise.