Billionaire Aliko Dangote Retires

Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, marking the end of a remarkable 20-year tenure that transformed the company into a dominant force in Nigeria’s sugar industry. His retirement takes effect on June 16, 2025.

During his time at the helm, Dangote played a pivotal role in shaping the company’s growth, solidifying its market leadership, and ensuring steady shareholder value. Under his leadership, Dangote Sugar Refinery implemented major projects to boost domestic sugar production, including Backward Backwardsion Projects in Adamawa, Taraba, and Nasarawa States. These initiatives strengthened the company’s supply chain and contributed significantly to its success.

The company’s statement acknowledged Dangote’s immense contribution, highlighting his instrumental role in shaping the company’s strategy and culture. “He also played an instrumental role in shaping the Company’s strategy and culture, thereby building a robust foundation for growth and sustenance,” the statement read.

*New Leadership Takes Over*

Following a thorough selection process, the Board of Dangote Sugar Refinery Plc has appointed Arnold Ekpe, a seasoned banking executive and former Group CEO of Ecobank, as the company’s new Chairman. Ekpe brings extensive leadership experience, a deep understanding of corporate governance, and a strategic vision to drive the company’s next phase of growth.

“We welcome Mr. Ekpe to his new role and look forward to the next chapter in our Company’s journey under his leadership. We also express our deep appreciation to Alhaji Aliko Dangote for his years of exemplary service and unwavering commitment to excellence,” the statement concluded.

As Dangote Sugar Refinery embarks on this new chapter, industry analysts will be watching closely to see how Ekpe navigates the evolving economic and regulatory landscape, building on the company’s successes and solidifying its market position.