In a major corporate transition announced on July 25, 2025, Aliko Dangote, Africa’s richest man and founder of Dangote Cement Plc, officially retired as Chairman and Director of the company.
The move paves the way for Emmanuel Ikazoboh, a seasoned banker and non‑executive director, to take over the reins immediately
In an official statement issued by Anthony Chiejina, Dangote’s Group Branding & Communications Officer, the switch is designed to allow Dangote to focus more fully on the Dangote Refinery, Petrochemicals, Fertilizer Complex, and government relations key pillars of his five-year strategic plan
Ikazoboh, who brings over four decades of experience working across Nigeria and other African markets, agreed to take the chairmanship as part of a long-term governance succession effort.
He outlined plans focused on operational excellence, cost efficiency, sustainability, and strategic expansion while maintaining community engagement
The board also welcomed Hajiya Mariya Aliko Dangote as a new director, while Professor Dorothy Ufot retired in line with the transition plan
Dangote’s departure marks the end of an era for the cement empire he built. His legacy includes industrial self-sufficiency, millions of jobs created, and cementing Nigeria’s regional leadership in the sector.
Now, Ikazoboh assumes leadership during a critical growth phase with promises to uphold high governance standards while deepening sustainability and efficiency across the business
