LAGOS, Nigeria — Aliko Dangote, Africa’s richest man, is stepping down as Chairman of Dangote Sugar Refinery Plc, ending two decades of leadership that helped transform the company into a dominant force in Nigeria’s sugar industry.
His retirement takes effect from Monday, June 16, 2025, according to a corporate filing signed by Temitope Hassan, the company’s secretary, and released on Wednesday, June 11, 2025.
“In line with the principles of good corporate governance and succession planning, 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,” the statement read.
Dangote, who has chaired the board since 2005, played a pivotal role in expanding the company’s operations, improving governance frameworks, and steering major investments to boost local sugar production.
During his tenure, the company implemented key Backward Integration Projects (BIP) in Adamawa, Taraba, and Nasarawa States—efforts aimed at enhancing domestic sugar manufacturing and reducing Nigeria’s dependence on sugar imports.
To succeed him, the board has appointed Arnold Ekpe, an Independent Non-Executive Director, as the new Chairman.
Ekpe, a highly respected figure in African finance, previously served as Group CEO of Ecobank and brings extensive boardroom and executive experience across sectors.
“Following a rigorous selection and transition process, the Board is pleased to announce the appointment of Mr. Arnold Ekpe, Independent Non-Executive Director, as the new Chairman of Dangote Sugar Refinery Plc effective 16th June 2025,” the company said.
“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.”
Dangote Sugar is a key subsidiary within the Dangote Group conglomerate and a critical player in Nigeria’s national sugar master plan, aimed at boosting food security and domestic production capacity.
While Dangote remains active in other ventures—particularly in cement, oil refining, and infrastructure—his exit from the sugar board marks a significant shift in one of his group’s longest-standing enterprises.
