*The Management of Dangote Cement Plc disclose the company’s shareholders received over N3.3 billion in dividends in the last 15 years, pledging to transform Africa by making the continent self-sufficient in cement, clinker

Isola Moses | 绿帽献妻

Shareholders of Dangote Cement Plc have received over N3.3 billion in dividends over the last 15 years.

Dangote Group, which disclosed this development Wednesday, September 10, 2025, said besides the impressive dividend payout, the company’s shareholders also significantly benefited from the capital appreciation of the cement stock in the country’s Capital market.

The conglomerate said the benefits to the shareholders were disclosed on the floor of the Nigerian Exchange (NGX) Wednesday, September 10, during the 鈥淔acts Behind the Figure鈥� presentation.

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The Management and Board of Dangote Cement, led by Mr. Emmanuel Ikazoboh, new Chairman of Dangote Cement, led the team to the Exchange.

Ikazobor, who just assumed the position of the Chairman from Aliko Dangote, thanked the shareholders for standing by the company.

He assured them of consistent good returns on their investments.

The Chairman of Dangote Cement said remains resolute in transforming Africa by creating sustainable value for all its stakeholders, as it will do all to achieve its vision of making Africa self-sufficient in cement and clinker.

The company quoted the Chairman to have said: 鈥淭o our investors, you have my unwavering commitment to safeguarding and growing your investment.

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“To our regulators and market operators, you have my pledge of continued partnership and adherence to governance standards that lead rather than follow.

“To our employees and partners, you have my gratitude and my assurance that our collective strength will propel us to achievements we haven’t yet imagined.鈥�

In regard to the future of the company, Arvind Pathak, Chief Executive of Dangote Cement Plc,聽 said: 鈥淲e aim to expand installed capacity to 66.4Mta by 2030, supporting our long-term vision of making Africa self-sufficient in cement and clinker production. “This growth will be driven by a mix of greenfield and brownfield projects.鈥�

Pathak disclosed the company had commissioned the first phase (1.5Mta) of its 3Mta C么te d鈥橧voire plant, while construction of the 6Mta integrated Itori Plant continues to advance steadily.

According to him, Dangote Cement has announced a $400 million investment to double its production capacity in Ethiopia.

鈥淥ver the past 15 years, DCP has committed more than $8.5 billion in capital investments across Africa, underscoring our long-term confidence in the region鈥檚 growth prospects,” stated he.

Speaking during the visit, Alhaji (Dr.) Umaru Kwairanga, Group Chairman of Nigerian Exchange Group (NGX Group), applauded Aliko Dangote, President/Chief Executive (CE) of Dangote Group, for his substantial contributions to the Nigerian Capital market and private sector development.

Dr. Kwairanga noted that the former Chairman of Dangote Cement, who is also his mentor, has clearly shown that wealth could be created but also transferred to the public through the capital market.

Temi Popoola, Group Managing Director (GMD) and Chief Executive of the Nigerian Exchange Group, also lauded the new Management and Board of Dangote Cement.

Popoola noted that with Mr. Ikazoboh as the Chairman, the shareholders would surely be happy.

It is recalled that the shareholders of the company, in its last Annual General Meeting (AGM), for the year 2024, were full of praise for the Board, Management, and staff of the company after approving a dividend payout of N502.6 billion, which translated to N30 Kobo per share.

The company also said it significantly increased its social investments by 469.8 percent to N3.2 billion.

The corporate social responsibility (CSR) activities were in education, healthcare, agriculture, infrastructure, and economic empowerment.

President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Faruk Umar, said the shareholders were pleased with Aliko Dangote and his team.

He said that for the company to still pay a robust dividend despite the obvious economic challenges, which also affected their operations, shows the doggedness and fighting entrepreneurial spirit of the Management.

He said: 鈥淲e are happy with this result. 2024 was very challenging due to the fluctuations in the foreign exchange market and the company’s expansion programme.

“But despite all these challenges, the company was still able to pay us a very good dividend and even gave us hope of better returns on our investments in the years to come.

“This is very commendable, and it is only a company like Dangote Cement that can achieve this laudable feat.鈥�

Bisi Bakare, Chairperson of the Pragmatic Shareholders Association of Nigeria, also commended the company鈥檚 consistent dividend payment.

Bakare affirmed that the cement company is moving in the best way of corporate governance.

She also stated: 鈥淎s a shareholder and an active investor of this company, I am very happy and pleased with the performance of our company so far.

“The earnings are not even up to N30 per share, and for the company to still declare N30 per share dividend speaks volumes of the quality of leadership that we are lucky to have in Dangote Cement.”

The Chairperson said: “It should also be noted that Dangote Cement is the only manufacturing company that paid the highest dividend in the year under review.

“So, we are happy and very proud to be part of this company.鈥�

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