Dangote concrete: we paid the dividend N3.3TRN in 15 years

Dangote Cement Plc claims to have paid N3,3 trillion of dividends to his shareholders in the last 15 years.

The company made known this Wednesday during its “Facts behind the figures” at the Nigerian Exchange Ltd. (NGX) in Lagos.

Mr. Emmanuel Ikazoboh, the new president of Dangote Cement, who succeeded Alhaji Aliko Dangote, ensured assets of returns supported on their investment.

He said the company will continue to pursue his vision of making Africa self -sufficient in the cement and production of clinker.

“Over the past 15 years, we have paid a total dividend of N3.3 trillion to our shareholders and we all assure you of returns supported on your investments.

“For our investors, you have my unwavering commitment in safeguarding and growing your investment.

“For our regulators and market operators, you have my commitment to a continuous partnership and adherence to the governance standards that guide rather than follow.

“For our employees and partners, you have my gratitude and certainty that our collective force will push us to the results that we have not yet imagined,” he said.

Speaking further on the future of the company, Arvind Pathak, CEO of the group, said: “We aim to expand the capacity installed at 66.4mta by 2030, supporting our long -term vision to make Africa self -sufficient in the concrete and the production of Clinker.

“This growth will be guided by a mix of Greenfield projects and Brownfield.”

Pathak revealed that the company had commissioned the first phase of 1.5 MTA of its 3Mta ivory coast system, while the construction of the 6mta Integrated Iori plant continued to advance constantly.

He said that the company has announced an investment of 400 million dollars to double its production capacity in Ethiopia.

He said: “Over the past 15 years, DCP has committed over 8.5 billion dollars in capital investments throughout Africa, underlining our long -term trust in the growth prospects of the region”.

Previously, dr. Umaru Kwairanga, president of the NGX group, has committed Alhaji Aliko Dangote, president of the group, for his substantial contribution to the Nigerian capital market and the development of the private sector.

Kwairanga said that Dangote, that it was also his mentor, had clearly shown that wealth could be created but also transferred to the public through the capital market.

Kwairanga described Cement Dangote as one of the proud of the Nigerian capital market.

He observed that he was listed in the Prime Council of exchange, reserved for companies with the highest standards of corporate government and regulatory compliance.

He said that the company has remained one of the most capitalized on the NGX with a strong recording of rewarding shareholders through consistent dividends and appreciation of capital.

Speaking also, Jude Chimeka, CEO of NGX Ltd., described Dangote Cement as one of the most exceptional commercial entities listed in the exchange.

Chimeka said that this was based on the fact that the company had recorded enormous payments of dividends to its shareholders from its altitude in 2010.

According to him, the company had also paid over 520 billion taxes to the federal government.

He noticed that the company currently constitutes nine percent of the market capitalization of the N88 Tillion of Exchange.

Mr. Faruk Umar, president of the Association for the progress of the rights of Nigerian shareholders (Aarns), expressed excitement for the company’s financial performance.

“We are happy with this result. 2024 was very demanding due to fluctuations in the change market and the company’s expansion program.

“Bhachover, all these challenges, the company has still been able to pay us an excellent dividend and has even given us hope for better returns on our investments in the years to come.

“This is very commendable,” he said.