The President of the Dangote Group, Alhaji Aliko Dangote, has retired as Director and the Chairman of the Board of Directors of Dangote Cement, effective July 25, 2025, to focus more attention on the $20bn refinery.
The announcement was made in a statement by the Group Chief Branding & Communications Officer, Anthony Chiejina, on Friday.
According to the statement, Dangote is relinquishing his position as chairman and retiring from the board so as to focus more attention on the $20bn refinery, petrochemicals, fertiliser and government relations.
“This is in order to drive the company’s five-year business trajectory to a superlative height.
“The board of Dangote Cement has, therefore, announced the appointment of an independent non-executive director, Emmanuel Ikazoboh, as the new Chairman of the 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,” the statement stated in part.
Furthermore, the statement reads, “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 the African continent, with Nigeria accounting for 35.25Mta. Currently, additional greenfield plants are coming up in Côte 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 Amortisation 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 N1.76tn at the same period in 2024 to N2.07tn, representing the highest revenue in the history of the company.”
Meanwhile, the new Chairman of the Board of the Company, Ikazoboh in his acceptance speech, pledged to uphold the highest standards of leadership and dedication in this role.
He described the cement company as a beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence.
“Emmanuel Ikazoboh was previously 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 as an Interim Administrator to carry out capital market reforms of the Nigerian Stock Exchange and the Central Securities Clearing System Plc.”
