By Ogungbayi Beedee Adeyemi / Posted July 28, 2025
Africa’s richest business mogul, Mr. Aliko Dangote, has stepped down as Chairman of the Board, Dangote Cement Plc effective immediately. The decision which sent shockwaves in corporate world was clarified by a media stating the Mr. Aliko Dangote, decided to step down from his role in Africa’s leading cement manufacturing company to devote his full attention to the strategic expansion and operational excellence of the Dangote Refinery and Petrochemicals business.
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Aliko Dangote, Africa’s foremost industrialist and philanthropist, midwifed the cement manufacturing company to unprecedented growth, transforming it into the largest cement producer on the continent, with operations spanning several countries. During the impactful tenure, his visionary leadership and commitment to innovation solidified the company’s position as a cornerstone of Nigeria’s industrial landscape and a key driver of economic development across the continent.
“I am immensely proud of what we have achieved at Dangote Cement,” said Aliko Dangote. “The company is stronger than ever, with a solid foundation and a capable team to continue driving its success. My focus now shifts to the Dangote Refinery, a transformative project that will redefine Nigeria’s energy sector and contribute significantly to economic self-sufficiency.”
The Dangote Refinery, located in Lagos, Nigeria, is one of the world’s largest single-train refineries, with a capacity to process 650,000 barrels of crude oil per day. Mr. Dangote’s decision to prioritize this venture underscores his commitment to advancing Nigeria’s energy independence and fostering industrialization across Africa.
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The Board of Dangote Cement has appointed Emmanuel Ikazoboh as the new Chairman of the Board of Directors, succeeding Aliko Dangote, a seasoned industry leader, as the new Chairman, subject to shareholder approval. The transition ensures continuity in the company’s strategic direction and commitment to delivering value to stakeholders.
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