Billionaire entrepreneur Aliko Dangote has retired as Chairman of Dangote Cement Plc, effective July 25, 2025.
Dangote’s retirement comes after a successful tenure that saw the company become Africa’s largest cement producer and exporter of cement and clinker in Sub-Saharan Africa.
During his tenure, Dangote Cement Plc recorded significant milestones, including highest revenue and EBITDA in the company’s history.
The company’s revenue grew by 17.7% to N2,071.6 billion in the six months ending June 30, 2025, while EBITDA grew by 41.8% to N944.900 billion.
Export volumes from Nigeria also increased by 18.2%, with 18 successful clinker shipments made to Ghana and Cameroon.
Dangote’s vision and leadership transformed the cement industry landscape, creating millions of jobs, building infrastructure, and restoring confidence in African industrial potential.
The Dangote Group, under his leadership, also became the highest taxpayer in the country, paying over N402 billion in taxes in 2024.
Following Dangote’s retirement, Emmanuel Ikazoboh, an independent non-executive director, has been appointed as the new Chairman of Dangote Cement Plc.
Ikazoboh, a seasoned professional with extensive experience in banking and finance, has pledged to uphold the highest standards of leadership and dedication in his new role.
Ikazoboh’s vision for Dangote Cement Plc focuses on operational excellence, sustainability, and innovation.
He plans to drive down costs through robust cost-reduction strategies, accelerate efforts to adopt alternative fuels and technologies, and invest in training and development to empower employees.
Mariya Aliko Dangote has also been appointed to the Board of Directors, while Prof. Dorothy Ufot has retired from the Board.
With Ikazoboh at the helm, Dangote Cement Plc is poised to continue its trajectory of growth and success.
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