Shareholders of Dangote Cement Plc have reaped over N3.3 billion in dividends over the last 15 years, alongside enjoying significant capital appreciation on their holdings.
The update was shared during the “Facts Behind the Figures” presentation on the floor of the Nigerian Exchange (NGX), led by the new Chairman, Mr. Emmanuel Ikazoboh, who recently succeeded Aliko Dangote.
Ikazoboh expressed gratitude to shareholders for their loyalty and assured them of consistent and improved returns on their investments.
“To our investors, you have my unwavering commitment to safeguarding and growing your investment,” he said, reiterating the company’s goal of making Africa self-sufficient in cement and clinker production.”
Future Growth & Expansion:
Chief Executive Arvind Pa€thak disclosed that Dangote Cement aims to increase its installed capacity to 66.4Mta by 2030, driven by greenfield and brownfield projects.
Commissioned first phase (1.5Mta) of its 3Mta Côte d’Ivoire plant
Ongoing construction of 6Mta Itori Plant
Announced $400 million investment to double production capacity in Ethiopia
Over the past 15 years, Dangote Cement has invested $8.5 billion across Africa, signaling its strong confidence in the continent’s growth potential.
Recognition & Shareholder Praise:
NGX Group Chairman, Alhaji (Dr.) Umaru Kwairanga, applauded Aliko Dangote for his contributions to the capital market and private sector development, while NGX Group MD, Temi Popoola, expressed confidence that Ikazoboh’s leadership would keep shareholders satisfied.
During the company’s 2024 AGM, shareholders approved a N502.6 billion dividend payout (N30 per share) – the highest dividend declared by any manufacturing company in the period.
Additionally, Dangote Cement increased its CSR spending by 469.8% to N3.2 billion, with initiatives spanning education, healthcare, agriculture, infrastructure, and economic empowerment.
Shareholder leaders, including Faruk Umar (AARNS) and Bisi Bakare (Pragmatic Shareholders Association of Nigeria), commended the company’s resilience and governance quality, noting its commitment to rewarding investors despite economic challenges.
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.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.L-R: Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh; Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Board Member, Dangote Cement Plc, Mariya Dangote; at the facts behind the figures / Introduction of Dangote Cement Plc new Board Chairman and Directors to the floor of the NGX Stock Exchange, Lagos on Wednesday 10th September, 2025.L-R: Group Chairman, NGX Group, Alhaji (Dr.) Umaru Kwairanga; Chairman, Dangote Cement Plc, Emmanuel Ikazoboh; Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Board Member, Dangote Cement Plc, Mariya Dangote; at the facts behind the figures / Introduction of Dangote Cement Plc new Board Chairman and Directors to the floor of the NGX Stock Exchange, Lagos on Wednesday 10th September, 2025.
