Nigerian Billionaire, Aliko Dangote has retired as a Director and Chairman of the Board of Directors of Dangote Cement Plc (NGX: DANGCEM) effective, 25th July 2025.
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Dangote Cement Plc made this known in a notification on the outcome of its Board meeting released on the Nigerian Exchange Limited.
Arise TV reported that Dangote’s decision to exit the cement board was attributed to his desire to focus more on the group’s Refinery, Petrochemicals, Fertiliser and Government Relations, with a view to propelling the conglomerate’s five-year trajectory to greater heights.
Under Aliko Dangote’s leadership, Dangote Cement Plc grew into Africa’s largest cement producer with a current production capacity of 52.0 million tonnes per annum (Mta), 35.25Mta of which is based in Nigeria. With new plants underway in Côte d’Ivoire and Itori, Nigeria, the capacity is set to rise to 61.0Mta this year.
At the Board meeting held on 25th July 2025, the Board considered and approved amongst other matters, the appointment of Mr. Emmanuel Ikazoboh as the new Chairman of the Board of Directors effective, 25th July 2025.
The new Chairman of the Board of the Company, Emmauel Ikazoboh in his acceptance speech, said he is truly honored to accept the role of Chairman of Dangote Cement Plc while pledging to uphold the highest standards of leadership and dedication in this role.
He described the company as a beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence. Over the years, Dangote Cement Plc has not only become the continent’s leading cement producer but has also played a vital role in driving economic growth and development across numerous African nations.
Giving an insight into what his tenure holds for the company, he said, “my vision for Dangote Cement Plc is built upon a foundation of sustainable growth, operational efficiency, and unwavering commitment to our core values. We will continue to focus on the following key priorities, Operational Excellence, Strategic Expansion, Sustainability, Innovation and Community Engagement.
Mr Ikazoboh, who until the new development served as an independent non-executive director, has over 40 years of experience in senior management roles in Nigeria, Cote d’Ivoire, Cameroon and South Africa.
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 (SEC) as an Interim Administrator to carry out capital market reforms of the Nigerian Stock Exchange (NSE) and the Central Securities Clearing System Plc. (CSCS).
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
