Aliko Dangote, Nigeria’s richest businessman, is stepping down from his role as Chairman of Dangote Sugar Refinery Plc after 20 years of leading the company.
The announcement was made on Wednesday, June 11, 2025, through a company statement. His exit will take effect from June 16, 2025.
Dangote has been at the head of the company since 2005 and is known for helping the sugar firm grow into a major player in Nigeria’s food and drink industry.
During his time in charge, the company carried out major projects to increase sugar production within Nigeria.
These efforts included setting up operations in Adamawa, Taraba, and Nasarawa states to reduce the need for sugar imports.
The board has now chosen Arnold Ekpe, a well-known banker and former Group CEO of Ecobank, to take over as chairman.
Ekpe will officially assume the role on the same day Dangote steps down.
The company praised Dangote’s years of leadership and expressed gratitude for his efforts.
They also shared their confidence in Ekpe’s ability to guide the company in the next phase of its journey.
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