Shareholders of Dangote Cement Plc have earned more than ₦3.3 trillion in dividends over the past 15 years, alongside capital gains on the stock.

The company’s new chairman, Emmanuel Ikazoboh, disclosed this at a combined Closing Gong Ceremony and “Facts Behind the Figures” presentation on the Nigerian Exchange.

Ikazoboh, who recently succeeded Aliko Dangote as chairman, thanked investors for their long-term support and pledged steady, attractive returns. He reaffirmed the company’s mission to create sustainable value and help make Africa self-sufficient in cement and clinker.

Chief executive Arvind Pathak outlined growth plans that target 66.4Mta of installed capacity by 2030, using a mix of greenfield and brownfield projects.

He noted the commissioning of the first 1.5Mta phase of the 3Mta Côte d’Ivoire plant, ongoing construction of the 6Mta Itori integrated plant in Nigeria, and a $400 million investment to double capacity in Ethiopia.

Over the last 15 years, Dangote Cement has committed more than $8.5 billion to capital projects across Africa.

Market leaders also weighed in. Umaru Kwairanga, group chairman of NGX Group, praised Aliko Dangote’s contribution to the capital market and private sector growth.

NGX Group CEO Temi Popoola welcomed the company’s refreshed board and strategy, while NGX CEO Jude Chiemeka said the “Facts Behind the Figures” series deepens transparency and investor confidence.

At the 2024 AGM, shareholders approved a total dividend of ₦502.6 billion. The company also ramped up social investments to ₦3.2 billion, a 469.8% increase, supporting education, healthcare, agriculture, infrastructure, and economic empowerment.

With a renewed board, a clear capacity-expansion roadmap, and a dividend track record topping ₦3.3 trillion, Dangote Cement signalled continued focus on rewarding shareholders while funding growth across key African markets.