Aliko Dangote resigns from Dangote Cement Plc

…Ikazoboh as Chairman

Aliko Dangote, renowned entrepreneur and founder of Dangote Cement Plc, has announced his resignation as Director and Chairman of the Board effective July 25, 2025. He will resign as Chairman and exit the Board in order to focus more on the refining, petrochemical, fertilizer and government relations businesses and drive the company’s business to its highest level in the past five years.

Accordingly, the Board of Directors of Dangote Cement Plc announced the appointment of Mr. Emmanuel Ikazoboh, an Independent Non-Executive Director, as the new Chairman of the Board. In this spirit, Hajiya Mariya Aliko Dangote has also been appointed to the Board of Directors of the Company, while Professor Dorothy Ufot has resigned from the Board.

Aliko Dangote is considered to be a leading investor in Africa and leaves behind a great legacy as he leaves the board. His vision and perseverance redefined not only one company but the entire cement industry landscape, making the company the largest cement producer in Africa and the largest exporter of cement and clinker in Sub-Saharan Africa.

Aliko Dangote’s cement journey began with a bold dream: to make Nigeria and Africa self-sufficient in cement production. Through strategic investments in state-of-the-art facilities and a commitment to localisation, he not only achieved but exceeded this goal.

Dangote Cement Plc has a production capacity of 52 million tonnes on the African continent, of which Nigeria accounts for 35.25 million tonnes. Currently, new cement plants are under construction in Cote d’Ivoire (3 million tonnes/year) and Itori, Nigeria (6 million tonnes/year). Upon completion this year, the total capacity will increase to 61 million tonnes/year.

Under his visionary leadership, Dangote Cement has recorded the highest revenue and EBITDA in the company’s history. According to the unaudited results for the six months ended June 30, 2025, Group revenue increased by 17.7% to N2.0716 trillion from N1.76 trillion in the same period of 2024, the highest revenue in the company’s history.

Aliko Dangote’s achievements will be seen in creating millions of jobs, building infrastructure and restoring confidence in Africa’s industrial potential. He has proven that Africa can produce, compete and lead on the global stage. It is recorded that in 2024, the Dangote Group’s subsidiaries paid taxes of over N402 billion, making it the country’s largest taxpayer.

In his inaugural speech, the company’s new CEO, Emmauel Ikazoboh, expressed his great honour to assume the position of CEO of Dangote Cement Plc and pledged to uphold the highest standards of leadership and dedication.

He described the company as a beacon of African entrepreneurship that has always demonstrated resilience, innovation and a commitment to excellence. Over the years, Dangote Cement Plc has not only become the leading cement producer on the continent but has also played a key role in driving economic growth and development in many African countries.

He elaborated on his tenure, saying: “My vision for Dangote Cement Plc is built on sustainable growth, efficient operations and unwavering commitment to core values. We will continue to focus on the following key priorities: operational excellence, strategic expansion, sustainability, innovation and community engagement.”

One of the strategies he plans to implement is to reduce costs by implementing a strong cost-cutting strategy to address inflationary pressures and improve competitiveness. He said the company will accelerate the adoption of alternative fuels and technologies to reduce its reliance on fossil fuels and contribute to a more sustainable future.

On employee well-being, he promised that the company will continue to invest in training and development, foster a culture of excellence and empower employees to reach their full potential.

Emmanuel Ikazoboh was previously the Group Chairman of Ecobank Transnational Inc., a pan-African banking group. He began his career with Akintola Williams Deloitte. He first served as Managing Partner of the French-speaking offices in Cameroon and Côte d’Ivoire and later as Managing Partner of Deloitte’s West and Central Africa practice until 2009. In 2010, he was appointed by the Securities and Exchange Commission (SEC) as the Interim Administrator to implement capital market reforms of the Nigerian Stock Exchange (NSE) and the Central Securities Clearing System Limited (CSCS).

Signature.

Anthony Chiejina

Group Chief Brand and Communications Officer