…Vows to Make Africa Self-Sufficient in Cement and Clinker
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| L-R: Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Group Managing Director/CEO, NGX, Temi Popoola; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh; Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; Board Member, Dangote Cement Plc, Mariya Dangote; CEO NGX, Jude Chiemeka; during the introduction of the Dangote Cement Plc new Board Chairman and Directors to the floor of the NGX Stock Exchange, Lagos on Wednesday 10th September, 2025 |
Dangote Cement Plc has paid out more than ₦3.3 trillion in dividends to shareholders over the last 15 years, further cementing its status as one of Africa’s most rewarding listed companies. In addition to the dividend windfall, investors have benefited from significant capital appreciation of the company’s stock.
The milestone was disclosed on Wednesday during the company’s “Facts Behind the Figures” presentation on the floor of the Nigerian Exchange (NGX). The session was led by the newly appointed Chairman, Mr. Emmanuel Ikazoboh, who recently succeeded Aliko Dangote.
Ikazoboh assured shareholders of continued strong returns, while also pledging to uphold world-class governance practices.
“To our investors, you have my unwavering commitment to safeguarding and growing your investment… our collective strength will propel us to achievements we haven’t yet imagined,” Ikazoboh stated.
Speaking on future growth, Group Chief Executive, Arvind Pathak, revealed plans to expand the company’s installed capacity to 66.4Mta by 2030, driven by both greenfield and brownfield projects. He confirmed that the first phase (1.5Mta) of the 3Mta Côte d’Ivoire plant has been commissioned, while construction of the 6Mta Itori Plant in Ogun State is progressing. Dangote Cement also announced a $400 million investment to double its production capacity in Ethiopia.
Pathak noted: “Over the past 15 years, Dangote Cement has committed more than $8.5 billion in capital investments across Africa, underscoring our long-term confidence in the region’s growth prospects.”
Stakeholders at the NGX praised the company’s achievements. Alhaji (Dr.) Umaru Kwairanga, Chairman of NGX Group, lauded Aliko Dangote’s legacy in deepening Nigeria’s capital market. Temi Popoola, GMD/CEO of NGX Group, added that with Mr. Ikazoboh as Chairman, “shareholders will surely be happy.”
Shareholders have equally expressed delight. At the 2024 Annual General Meeting, investors approved a record ₦502.6 billion dividend payout, translating to ₦30 per share – the highest in Nigeria’s manufacturing sector that year.
Faruk Umar, President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), said: “For the company to still pay a robust dividend despite obvious economic challenges shows the doggedness and entrepreneurial spirit of the management.”
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| L-R: Group Chief Financial Officer, Dangote Cement Plc, Gbenga Fapohunda; Company Secretary, Dangote Cement Plc, Edward Imoedemhe; Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina; Group Managing Director/CEO, NGX, Temi Popoola; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh; Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; CEO NGX, Jude Chiemeka; Board Member, Dangote Cement Plc, Mariya Dangote; Head, Primary Markets, NGX, Jude Ibeziako; Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Executive Director, CSCS Plc, Adeyinka Shonekan; Group Head Investor Relations, Dangote Industries Limited, Temilade Aduroja; Head, Trading and Products, NGX, Abimbola Babalola; during the introduction of the Dangote Cement Plc new Board Chairman and Directors to the floor of the NGX Stock Exchange, Lagos on Wednesday 10th September, 2025 |
Bisi Bakare, Chairperson of the Pragmatic Shareholders Association of Nigeria, added: “Dangote Cement is the only manufacturing company that paid the highest dividend in 2024. We are proud to be part of this company.”
Beyond shareholder returns, Dangote Cement significantly scaled up its corporate social responsibility (CSR) spend in 2024, committing ₦3.2 billion – a 469.8% increase – into education, healthcare, agriculture, infrastructure, and economic empowerment initiatives.
As Africa’s largest cement producer, Dangote Cement reaffirmed its mission to make the continent self-sufficient in cement and clinker production, while consistently creating value for investors, employees, and communities.