LAGOS, NIGERIA – Nigerian billionaire Aliko Dangote has announced his retirement as a Director and Chairman of the Board of Directors of Dangote Cement Plc, effective July 25, 2025. The move is intended to allow him to focus more on his substantial investments in the oil refinery, petrochemicals, fertiliser, and government relations sectors.
In a statement released on Friday by the Group Chief Branding & Communications Officer, Anthony Chiejina, Dangote Cement confirmed the appointment of Emmanuel Ikazoboh, an independent non-executive director, as the new Chairman of the Board. Additionally, Mariya Aliko Dangote has been appointed to the Board of Directors, while Professor Dorothy Ufot has retired from the Board.
Aliko Dangote’s tenure saw the company grow to become Africa’s largest cement producer and the largest exporter of cement and clinker in Sub-Saharan Africa, with a capacity of 52.0 million tonnes per annum (Mta) across the continent, including 35.25 Mta in Nigeria. The company is also developing new plants in Côte d’Ivoire (3.0 Mta) and Itori, Nigeria (6.0 Mta), which are expected to increase total capacity to 61.0 Mta upon completion this year. Under his leadership, Dangote Cement Plc reported its highest-ever revenue and Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA), with group revenue rising by 17.7% to ₦2.07 trillion (approximately $1.38 billion USD) in the first six months of 2025, up from ₦1.76 trillion in the same period of 2024.
The newly appointed Chairman, Emmanuel Ikazoboh, accepted the role, pledging to uphold high standards of leadership and dedication. Mr. Ikazoboh previously served as Group Chairman of Ecobank Transnational Inc. and was involved in capital market reforms of the Nigerian Stock Exchange.
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