• Vows to transform Africa by making it self-sufficient in cement, clinker

Shareholders of Dangote Cement Plc have received over N3.3 trillion in dividends over the last 15 years, according to information provided to the investing public.

Aside from the dividend payout, the shareholders have also significantly benefited from the capital appreciation of the cement stock. The benefits to the shareholders were disclosed on the floor of the Nigerian Exchange yesterday, during the “Facts Behind the Figure” presentation, by the Management and Board of Dangote Cement, which was led by the new Chairman, Mr Emmanuel Ikazoboh.

Ikazobor, who just assumed the position of the chairman from Aliko Dangote, thanked the shareholders for standing by the company, while also assuring them of consistent good returns on their investments.

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

Speaking further on the future of the company, the Chief Executive, Arvind Pathak, said: “We 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.”

The Group Chairman of Nigerian Exchange Group (NGX Group), Dr Umaru Kwairanga, praised the President/Chief Executive, Dangote Group, Aliko Dangote, for his substantial contributions to the Nigerian capital market and private sector development. He said the former Chairman of Dangote Cement, who is also his mentor, had clearly shown that wealth could be created but also transferred to the public through the capital market.

Group Managing Director and Chief Executive of the Nigerian Exchange Group, Temi Popoola, also lauded the new Management and Board of Dangote Cement, noting that with Ikazoboh as the chairman, the shareholders would surely be happy.

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.

Chairperson of the Pragmatic Shareholders Association of Nigeria, Bisi Bakare, also commended the company’s consistent dividend payment, noting that the company was moving in the best way of corporate governance.