After two decades at the helm, Africa’s richest man and industrialist, Aliko Dangote, is stepping down as Chairman of the Board of Dangote Sugar Refinery Plc. The company made the official announcement in a statement signed by Company Secretary Temitope Hassan, confirming that his retirement will take effect on June 16, 2025.
Dangote, who played a foundational role in establishing the sugar giant, has overseen an era of consistent growth, strategic expansion, and significant market leadership.
Under his stewardship, Dangote Sugar became a dominant force in Nigeria’s sugar industry, launching major Backward Integration Projects across Adamawa, Taraba, and Nasarawa States—initiatives designed to strengthen local production and reduce reliance on imports.
The company praised his visionary leadership and contribution to building a resilient and governance-driven organization.
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“In line with the principles of good corporate governance and succession planning,” the company stated, “Dangote Sugar Refinery Plc hereby announces the retirement of our esteemed Chairman of the Board of Directors of the Company, Alhaji Aliko Dangote (GCON), effective June 16, 2025.”
As part of a seamless transition, the board has named Arnold Ekpe, an Independent Non-Executive Director, as the incoming Chairman. Ekpe, a respected figure in Africa’s banking sector and former Group CEO of Ecobank, brings a wealth of experience in corporate leadership and governance. His appointment signals a forward-looking strategy for the company as it continues its growth trajectory.
Ekpe’s leadership is expected to further solidify Dangote Sugar’s position in the industry, with a focus on innovation, sustainability, and long-term value for shareholders and stakeholders alike.
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