Aside from this impressive dividend payout, the shareholders have also significantly benefitted from the capital appreciation of the cement stock.

The benefits to the shareholders were disclosed on the floor of the Nigerian Exchange on Wednesday, during the “Facts Behind the Figure” presentation, by the Management and Board of Dangote Cement, which was ably led by the new Chairman, Mr. Emmanuel Ikazoboh.

Ikazobor, who just assumed the position of the chairman from Aliko Dangote, thanked the shareholders for standing by the company, while also assuring them of consistent good returns on their investments.

He said Dangote Cement remained resolute in transforming Africa by creating sustainable value for all its stakeholders, as it will do all to achieve its vision of making Africa self-sufficient in cement and clinker.

He said: “To our investors, you have my unwavering commitment to safeguarding and growing your investment. To our regulators and market operators, you have my pledge of continued partnership and adherence to governance standards that lead rather than follow. To our employees and partners, you have my gratitude and my assurance that our collective strength will propel us to achievements we haven’t yet imagined.”

Speaking further on the future of the company, the Chief Executive, Arvind Pathak, said: “We aim to expand installed capacity to 66.4Mta by 2030, supporting our long-term vision of making Africa self-sufficient in cement and clinker production. This growth will be driven by a mix of greenfield and brownfield projects.”

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He revealed that the company had commissioned the first phase (1.5Mta) of its 3Mta Côte d’Ivoire plant, while construction of the 6Mta integrated Itori Plant continues to advance steadily.

In addition, the company, according to him, had announced a $400 million investment to double its production capacity in Ethiopia.

He said: “Over the past 15 years, DCP has committed more than $8.5 billion in capital investments across Africa, underscoring our long-term confidence in the region’s growth prospects.”

The Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga praised the President/Chief Executive, Dangote Group, Aliko Dangote, for his substantial contributions to the Nigerian capital market and private sector development.

He said the former Chairman of Dangote Cement, who is also his mentor, had clearly shown that wealth could be created but also transferred to the public through the capital market.

Group Managing Director and Chief Executive of the Nigerian Exchange Group, Temi Popoola, also lauded the new management and board of Dangote Cement, noting that with Mr. Ikazoboh as the chairman, the shareholders will surely be happy.

It would be recalled that the shareholders of the company, in its last Annual General Meeting, AGM, for the year 2024, were full of praise for the board, Management, and staff of the company after approving a dividend payout of N502.6 billion, which translated to N30 kobo per share.

The company, in the same vein, also significantly increased its social investments by 469.8 per cent to N3.2 billion.

The corporate social responsibility, CSR, activities were in education, healthcare, agriculture, infrastructure, and economic empowerment.

President of the Association for the Advancement of Rights of Nigerian Shareholders, AARNS, Faruk Umar, said the shareholders were pleased with Aliko Dangote and his team.

He said that for the company to still pay a robust dividend despite the obvious economic challenges, which also affected their operations, showed the doggedness and fighting entrepreneurial spirit of the management.

According to him, “We are happy with this result. 2024 was very challenging due to the fluctuations in the foreign exchange market and the company’s expansion programme. But despite all these challenges, the company was still able to pay us a very good dividend and even gave us hope of better returns on our investments in the years to come. This is very commendable, and it is only a company like Dangote Cement that can achieve this laudable feat.”

Chairperson of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, also commended the company’s consistent dividend payment, noting that the company is moving in the best way of corporate governance.

“As a shareholder and an active investor of this company, I am very happy and pleased with the performance of our company so far. The earnings are not even up to N30 per share, and for the company to still declare N30 per share dividend speaks volumes of the quality of leadership that we are lucky to have in Dangote Cement… It should also be noted that Dangote Cement is the only manufacturing company that paid the highest dividend in the year under review. So, we are happy and very proud to be part of this company.”

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He is relinquishing his position as chairman and retiring 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.

The board of Dangote Cement Plc has therefore 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 to the Board of Directors of the Company while Prof. Dorothy Ufot retired from the Board.

Reputed as Africa’s leading investor, Aliko Dangote leaves giant footprints as he retires from the board.

His vision and tenacity redefined not just a company, but the entire cement industry landscape by becoming Africa’s largest cement producer and largest exporter of cement and clinker in Sub Saharan Africa.

Aliko Dangote’s journey 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 content, he not only met that goal but exceeded it.

Dangote Cement Plc has 52.0Mta capacity across African continent with Nigeria accounting for 35.25Mta.

Currently, additional greenfield plants are coming up in Cote Ivoire (3.0Mta) and Itori, Nigeria (6.0 Mta) and on completion this year will push total capacity to 61.0Mta.

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 the unaudited results for the six months ending 30th June 2025, the group revenue went up by 17.7 per cent, from N1,760 billion at the same period in 2024 to N2,071.6 billion, representing the highest revenue in the history of the company.

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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 N292.96 billion to N730 billion indicating 149 per cent increase while profit after tax surged by 174.1 per cent to ₦520.5 billion, in contrast to N189.90 billion in the same period at the preceding period.

In the six months, export volumes from Nigeria increased by 18.2 per cent, with 18 successful clinker shipments made to Ghana and Cameroon.

Aliko Dangote’s legacy will be counted in the 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 the global stage.

It is on record that subsidiaries under Dangote Group  paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country.

The new chairman of the board of the company, Emmauel Ikazoboh, in his acceptance speech, said he was truly honoured to accept the role of Chairman of Dangote Cement Plc while pledging to uphold the highest standards of leadership and dedication in this role.

He described the company as a 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’s leading cement producer but has also played a vital role in driving economic growth and development across numerous African nations.

Giving an 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 include 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 fuels 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.

Emmanuel Ikazoboh was the Group Chairman of Ecobank Transnational Inc., the Pan-African banking group.

He started his professional career at Akintola Williams Deloitte.

He first became the Managing Partner for francophone offices in Cameroon and Côte d’Ivoire and later became the Managing Partner of the Deloitte firm in West and Central Africa until 2009.

In 2010 he was appointed by the Securities and Exchange, SEC, as an Interim Administrator to carry out capital market reforms of the Nigerian Stock Exchange, NSE, and the Central Securities Clearing System Plc., CSCS.

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