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Dangote Cement says Aliko Dangote, its majority shareholder and founder, has retired because the chairman of the cement producer.
In a press release on Friday, signed by Anthony Chiejina, the corporate’s group chief, branding and communications officer, Dangote Cement stated the businessman relinquished the place to concentrate on Dangote Petroleum Refinery, petrochemical and fertiliser plant, in addition to authorities relations.
The cement producer stated Emmanuel Ikazoboh, an impartial non-executive director, has been appointed as the brand new chairman.
Additionally, the corporate stated Hajiya Mariya Aliko Dangote was appointed to the board, whereas Dorothy Ufot, an impartial non-executive director, retired from the board.
“Foremost entrepreneur and founding father of Dangote Cement Plc, Aliko Dangote has introduced his retirement as a Director and the Chairman of the Board of Administrators, efficient July 25, 2025,” Dangote Cement stated.
“He’s relinquishing his place as chairman and retiring from the board in order to focus extra consideration on the Refinery, Petrochemicals, Fertiliser and Authorities Relations, with a purpose to drive the corporate’s five-year enterprise trajectory to a superlative peak.
“The board of Dangote Cement Plc has subsequently introduced the appointment of Mr. Emmanuel Ikazoboh, an impartial non-executive director, as the brand new Chairman, Board of Administrators. In the identical vein, Hajiya Mariya Aliko Dangote was additionally appointed to the Board of Administrators of the Firm whereas Prof. Dorothy Ufot retired from the Board.”
‘DANGOTE LEAVES GIANT FOOTSTEPS’
Dangote Cement stated the billionaire leaves large footprints as he retires from the board, including that his imaginative and prescient and tenacity redefined not simply his firm, however the complete cement business panorama by turning into Africa’s largest cement producer and largest exporter of cement and clinker in Sub-Saharan Africa.
“Aliko Dangote’s journey with cement started with a daring dream: to make Nigeria and Africa self-sufficient in cement manufacturing. Via strategic investments in state-of-the-art crops, and a dedication to native content material, he not solely met that objective however exceeded it,” the corporate stated.
“Dangote Cement Plc has 52.0Mta capability throughout African continent with Nigeria accounting for 35.25Mta. At the moment, extra greenfield crops are arising in Cote Ivoire (3.0Mta) and Itori, Nigeria (6.0 Mta) and on completion this 12 months will push complete capability to 61.0Mta.
“Below his visionary management, Dangote Cement Plc recorded the best income and Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization (EBITDA) within the historical past of the corporate. In keeping with the unaudited outcomes for the six months ending thirtieth June 2025, the group income went up by 17.7 %, from N1,760 billion on the similar interval in 2024 to N2,071.6 billion, representing the best income within the historical past of the corporate.
“Group Earnings Earlier than Curiosity, Taxes, Depreciation, and Amortization (EBITDA) grew by 41.8 % to N944.900 billion from N666.22 billion. EBITDA (Nigeria Operations) grew by 82.4 % to N845.4 billion. Revenue earlier than tax went up from N292.96 billion to N730 billion indicating 149 % improve whereas revenue after tax surged by 174.1 % to ₦520.5 billion, in distinction to N189.90 billion in the identical interval on the previous interval.”
Dangote Cement stated export volumes from Nigeria elevated by 18.2 % within the six months, with 18 profitable clinker shipments made to Ghana and Cameroon.
“Aliko Dangote’s legacy will probably be counted within the hundreds of thousands of jobs created, the infrastructure constructed, and the boldness restored in African industrial potential,” the cement producer stated.
“He has confirmed that Africa can produce, compete, and lead on the worldwide stage. It’s on file that subsidiaries beneath Dangote Group paid over N402 billion in taxes in 2024, making it the best taxpayer within the nation.”
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