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Dangote Cement is the Platinum winner of ICAN, NGX’s Corporate Reporting Award

Dangote Cement is the Platinum winner of ICAN, NGX’s Corporate Reporting Award
Legal and Regulatory Officer, Dangote Cement Plc, Tioluwani Ajani; Head, Financial Control & Reporting Nigeria, Dangote Cement Plc, Ignatius Ediale;  Acting Company Secretary and General Counsel, Dangote Cement Plc, Edward Imoedemhe; Legal & Compliance Manager, Dangote Cement Plc, Portia Esangbedo; Legal & Compliance Officer, Dangote Cement Plc, Conrad Kakulu display the Corporate Reporting Award won by Dangote Cement Plc (Platinum Category) at the 2025 ICAN/NGX Corporate Reporting Award, held in Lagos on April 15, 2025

For its excellence in corporate transparency and governance, Dangote Cement Plc has been honoured as the Platinum winner of the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX REGCO)’s Corporate Reporting Award for the financial year ending 2023.

Organised by ICAN-NGX REGCO, the event was meant to celebrate excellence in corporate transparency and governance. It was a moment of positive appraisal for the Cement company’s adherence to corporate governance with other winners comprising of MTN Nigeria, Seplat Energy, Stanbic IBTC Holdings, GTCO, Zenith Bank, United Bank for Africa, and International Breweries.

In the Corporate Reporting Award guidelines issued by ICAN-NGX REGCO, thirty listed companies were evaluated across three key categories with marks allotted for compliance. The categories and allotted marks are; financial reporting taking 35 percent, corporate governance allotted 30 percent and sustainability reporting accounting for 35 percent.  The awards were ranked in Platinum, Gold and Silver categories.

Dangote Cement, according to the Assessment Panel, excelled in all the assessment parameters as it emerged the platinum award winner, MTN won Gold and Seplat Energy carted home the Silver award.

President of Institute of Chartered Accountants of Nigeria, Mr. Davidson Alaribe, the platinum award is conferred upon the overall top-performing company across all three categories. This prestigious recognition is reserved for an organisation that demonstrates excellence in corporate reporting, effectively addressing all key elements evaluated.

He explained that the final score is derived from a combination of weighted averages and a scoring matrix based on the rigorous and independent evaluations of individual assessors.

Said he; “This award underscores our unwavering commitment to promoting transparency, accountability, and sustainable corporate practices within, the Nigeria Capital Market.

“The demand for corporate entities to disclose their environment, social and governance (ESG) impact beyond the confines of their traditional financial reporting has grown exponentially in recent years. The shift reflects a global call for greater transparency, accountability, and sustainability in business practices.”

He then described the honourees as exemplary, stating that their achievements reflect a commitment to the highest standards in corporate reporting. According to him, they’ve gone beyond compliance to set a benchmark for trust, growth, and sustainability in Nigeria’s financial landscape.

In his remark, the Chief Executive Officer, NGX Regulation Limited, Mr. Olufemi Shobanjo described the award as the celebration of outstanding achievements in corporate reporting among the listed companies over the past year and that it has continued to underscore the commitment to promoting excellence and transparency in financial reporting.

According to him, effective corporate reporting is vital for fostering trust and accountability in the capital market as it enhances the investors’ confidence and promotes best practices within the industry.

Dangote Cement is Africa’s leading cement producer with 52.0Mta capacity across Africa. A fully integrated quarry-to-customer producer, with a production capacity of 35.25Mta in its home market, Nigeria.  Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta; Gboko plant in Benue state has 4Mta; and Okpella plant in Edo state has 3Mta. Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement and clinker, serving neighbouring countries.

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DCP Zambia bags three sustainability awards

DCP Zambia bags three sustainability awards

Dangote Cement Zambia, a subsidiary of Dangote Cement Plc has bagged three awards at the 6th national Corporate Social Responsibility (CSR) & Sustainability Awards held in Lusaka, the Zambian capital.

 

During the awards organised by CSR Network Zambia, the company carted home the Food Security Initiative Award in the Excellence in Agriculture category, the Best Waste Recycling Initiative Award in the Environmental Sustainability category, and the Mental Healthcare Award in the Excellence in the Workplace category.

The award ceremony with the theme Driving Sustainable Impact through Innovation place held at Mulungushi International Conference Centre, Lusaka.  The event saw the participation from the country’s over 60 major corporate organizations celebrating outstanding impactful CSR & Sustainability initiatives.

 

CSR Network Zambia’s Executive Director, Lee Muzala, commended Dangote Cement Zambia for its outstanding contributions to sustainable development and community empowerment. He stated, “Dangote Cement Zambia has demonstrated exceptional commitment to driving positive change in agriculture, environmental sustainability, and workplace well-being. These awards are a testament to their dedication to creating a lasting impact in Zambia.”

 

Receiving the award, Head Environment and Social Performance (Sustainability Lead) Dangote Cement Zambia, Víctor Mpundu said, “We are deeply honoured to receive these prestigious awards. They reflect our unwavering commitment to sustainability and our efforts to make a meaningful difference in the communities we serve. At Dangote Cement, we believe that sustainable development is not just a responsibility but a core value that drives our operations.”

 

These awards are a significant milestone for Dangote Cement Zambia, highlighting the company’s leadership in sustainability and corporate social responsibility. They underscore the company’s efforts to promote food security through agricultural support, environmental conservation through innovative waste recycling initiatives, and employee well-being through mental health and wellness programs.

 

The recognition not only reinforces Dangote Cement Zambia’s position as a socially responsible corporate citizen but also serves as a motivation to continue driving impactful initiatives that contribute to the sustainable development of Zambia.

 

Dangote Cement Plant, Zambia, located in Ndola, is a 1.5mta capacity fully integrated plant and part of Dangote Cement Group. In addition, Dangote Cement has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (2.0Mta clinker grinding and import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta).

 

Dangote Cement is Africa’s leading cement producer with 52.0Mta capacity across Africa. A fully integrated quarry-to-customer producer, with a production capacity of 35.25Mta in its home market, Nigeria.  Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta; Gboko plant in Benue state has 4Mta; and Okpella plant in Edo state has 3Mta.

 

Through recent investments, Dangote Cement has eliminated Nigeria’s dependence on imported cement and has transformed the nation into an exporter of cement and clinker, serving neighbouring countries.

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PRESS RELEASE

Abiodun’s Vision, Policies Brought me Back to Ogun – Dangote

Abiodun's Vision, Policies Brought me Back to Ogun - Dangote

…reconstructs Itori cement plant, to build the largest port at Olokola.

The President of the Dangote Group, Alhaji Aliko Dangote, has stated that his company decided to return and invest in Ogun State because of the Prince Dapo Abiodun administration’s vision and deliberate policies that focus on attracting investors, as well as the investor-friendly climate that exists in the state.

Dangote, who stated this on Monday during a courtesy visit to the governor in his office at Oke-Mosan, Abeokuta, said Ogun State is one of the most attractive investment destinations in Nigeria, positioning itself as the manufacturing ‘bedrock’ of Nigeria.

He said: “I would especially like to commend, in a special way, my good friend and brother, Your Excellency, the governor of Ogun State, for your vision and deliberate policies that focus on attracting enterprises through immense support for the private sector, which is now attracting investors.

“Our factory at Itori was pulled down twice. When we started the second time, they not only demolished the factory but also the fence, so we left. But right now, because of His Excellency, our governor, Prince Dapo Abiodun, we are back. When you visit the factory, you will be surprised at what we have done.

“We had earlier abandoned our vision of investing in the Olokola Free Trade Zone (OKFTZ), but because of your policies and investor-friendly environment, I want to say we are back and will work with the state government to return to Olokola, and plans are underway to construct the largest port in the country,” he pledged.

Giving an update on the company’s ongoing projects in the state, Alhaji Aliko Dangote said two new lines with a capacity of 6.0 million metric tons per annum for the cement plant have been constructed at Itori, while the 12 million metric tons per annum cement plant is also located at Ibeshe.

Upon completion, the Chief Executive assured, the total capacity of the company’s cement plants in the state would be in the neighborhood of 18 million metric tons per annum, making it the highest cement-producing state or region in Africa.

“With the contributions of other cement producers in the state, Ogun remains far ahead of other countries across Africa in terms of cement production,” he said.

Dangote Cement, according to the Dangote Group President, is the leading cement producer in Africa with a capacity of 52.0 million metric tons per annum across the African continent.

He added that 70 percent of the production is carried out in Nigeria, with the Obajana plant in Kogi State accounting for 16.25 million metric tons per annum, the largest in Africa.

He said investment in the manufacturing of the product has made the nation self-sufficient in cement, just as the country is now self-sufficient in fertilizer, with the surplus going to the export market, thus earning the nation the needed foreign exchange.

While noting that the company’s target is to make Nigeria self-sufficient in whatever it consumes, Alhaji Dangote informed that the company is currently meeting domestic demand for Premium Motor Spirit (PMS) from its 650,000 barrels per day refinery at Ibeju-Lekki, as well as refined aviation fuel and Liquefied Petroleum Gas (LPG).

Nigeria, he said, is a growing economy; hence the need for private companies to complement government efforts, assuring that his company would continue to demonstrate its belief in the nation and its people by making investments targeted at transforming the nation’s economy.

He appreciated traditional rulers and the people of Itori for their support and partnership, which enabled the smooth and speedy take-off of the cement plant, adding that the encouragement from the people of Yewaland had fostered smooth operations, assuring continued adherence to its Corporate Social Responsibilities to the host communities.

Responding, Governor Abiodun described the day the Dangote Refinery groundbreaking was performed in Lagos as “the day of heartbreak for the sons and daughters of Ogun State as they watched helplessly on television,” saying it was an indication that the project had left Olokola.

He said: “I want to thank you for coming back to Ogun State and also for your belief and trust in your country, Nigeria. I want to thank you for all that you have done, the number of people you have employed, and the impact you continue to make not just in this state, but in Nigeria as a whole.

“The way you selflessly continue to promote this country all over the world, we can’t thank you enough. Your life and story continue to be an inspiring narrative for all young men. You have excelled in everywhere you touch; you have the Midas touch.

“These are indeed giant strides. For us in Ogun State, we welcome your return to the state. Today is a historic day, March 17, 2025, the same March when you did the groundbreaking in Lagos for the refinery, and you are now coming back in the month of March to Ogun State.

“Not only have you chosen to complete Itori, but you have also chosen to come back and develop the biggest port in Nigeria. For this, I thank you.”

Abiodun emphasized that with the establishment of the Itori cement plant, proposed to produce six million metric tons of cement per annum, and the existing Ibeshe plant, producing 12 million metric tons, cement production in the state would total 18 million metric tons per annum, making it the largest cement producer in Nigeria and sub-Saharan Africa.

The governor lauded the company for not shirking its Corporate Social Responsibilities to the host communities, just as it is currently constructing the Inter-change-Papalato-Ilaro road, assuring that his administration is ready to work with the company for the good of the state and the nation as a whole.