Tag: Gboko plant

  • Q1 2026: Dangote Cement Grows Exports by 71.6% as Capacity Hits 55MTA

    Q1 2026: Dangote Cement Grows Exports by 71.6% as Capacity Hits 55MTA

    Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing its cement and clinker exports from Nigeria by 71.6 per cent, as the Group’s total installed production capacity reached 55 million tonnes per annum (MTA) across Africa.

    During the period under review, the company completed 10 clinker shipments from Nigeria to neighbouring markets, further consolidating its position as Africa’s leading cement exporter.

    According to the company’s unaudited Q1 2026 financial results, total sales volumes increased by 13.8 per cent year-on-year, driven by growth of 11.5 per cent in Nigeria and 19.5 per cent across its pan‑African operations.

    Commenting on the performance, the Group Managing Director and Chief Executive Officer of Dangote Cement Plc, Arvind Pathak, said the results reflected the strength of the company’s operating model and its disciplined execution across markets.

    “We have delivered an outstanding start to 2026, with revenue up 20.4 per cent year‑on‑year to ₦1.198 trillion, driven by a strong rebound in volumes, which grew 13.8 per cent across our markets. EBITDA increased by 22.8 per cent to ₦567.1 billion, demonstrating the strength of our operating model, disciplined cost control, and our ability to convert growth into superior profitability,” he said.

    For the quarter, Dangote Cement reported a profit before tax of ₦421.1 billion, representing a 35 per cent increase from ₦311.9 billion recorded in the corresponding period of 2025. Earnings per share rose to ₦19.14, up from ₦12.29, underscoring sustained value creation for shareholders.

    On exports and expansion, Pathak noted the rapid scaling of Dangote Cement’s export business and progress across key growth projects.

    “Our export business continues to scale rapidly, with volumes from Nigeria up 71.6 per cent and 10 clinker shipments completed in the quarter. This performance reinforces our strategic position as Africa’s leading cement exporter,” he said.

    “Following the commissioning of our 3Mta grinding plant in Côte d’Ivoire, we are progressing well with our expansion projects in Itori and Ethiopia, alongside other growth initiatives across the continent. These investments will further strengthen our footprint and keep us firmly on track to reach 80Mt of production capacity by 2030.”

    Looking ahead to the rest of the year, Pathak expressed confidence in the company’s growth outlook.

    “We have entered the year with strong momentum and a clear strategic focus. Demand across our markets remains resilient, our expansion pipeline is delivering, and our operational discipline continues to drive margin improvement. We remain confident in sustaining this growth trajectory and in consistently delivering long‑term value to our shareholders.”

    Dangote Cement is Africa’s leading cement producer, with 55.0MTA installed capacity across the continent. A fully integrated quarry‑to‑customer producer, the company operates 35.25MTA capacity in Nigeria, where its Obajana plant in Kogi State—the largest in Africa—has 16.25MTA capacity across five lines. The Ibese plant in Ogun State has 12MTA, Gboko plant in Benue State has 4MTA, while Okpella plant in Edo State has 3MTA.

    Through sustained investments, Dangote Cement has eliminated Nigeria’s reliance on imported cement and transformed the country into a net exporter of cement and clinker, supplying markets across West and Central Africa.

  • Cement Reports 165% Surge in EPS, Reinforces Market Leadership Across Africa

    Cement Reports 165% Surge in EPS, Reinforces Market Leadership Across Africa

    Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per suare (EPS), which rose from ₦16.55 to ₦43.80. This significant growth reflects the company’s strong operational performance and strategic expansion efforts.

    Group revenue climbed by 23.2 per cent, reaching ₦3,154.8 billion compared to ₦2,560.6 billion in the same period of 2024. The company also recorded a 57.7 per cent rise in Group EBITDA, which grew from ₦908.7 billion to ₦1,428.2 billion. Profit after tax (PAT) surged by 166.3 per cent, from ₦279.1 billion to ₦743.3 billion.

    EPS, a key indicator of profitability and shareholder value, continues to be a central metric in Dangote Cement’s financial reporting, reflecting the company’s commitment to delivering returns to investors.

    A major contributor to this performance was the commissioning of a new 3Mta grinding plant in Côte d’Ivoire, which expanded Dangote Cement’s total installed capacity to 55Mta across Africa. This strategic move reinforces the company’s leadership in the continent’s cement industry and supports regional self-reliance.

    Commenting on the results, Arvind Pathak, Chief Executive Officer of Dangote Cement, stated, “The commissioning of our 3Mta Côte d’Ivoire grinding plant marks a significant milestone in our growth journey. It strengthens our position as Africa’s leading cement producer and underscores our commitment to regional self-reliance.”

    Pathak attributed the revenue growth to proactive management strategies and resilient market demand. He highlighted the success of efficiency programs and disciplined cost management, particularly in Nigeria, where a more favorable energy mix helped reduce cash costs. Exports from Nigeria increased by 23 per cent, driven by 27 clinker shipments to Ghana and Cameroon.

    He also emphasized the company’s sustainability initiatives, including the phased deployment of 1,600 CNG-powered trucks aimed at reducing logistics costs and carbon emissions. Progress on the Itori Integrated Plant is also underway, expected to boost domestic capacity and open new export opportunities.

    Looking ahead, Pathak added: “Our focus remains on sustaining earnings momentum, enhancing operational efficiency, and executing our long-term growth strategy. With a clear strategic direction and a strong balance sheet, Dangote Cement is well-positioned to continue delivering superior value to stakeholders.”

    Earlier in the year, for the six months ended June 30, 2025, Dangote Cement reported a 17.7 per cent increase in revenue to ₦2,071.6 billion—the highest in its history. Group EBITDA rose by 41.8 per cent to ₦944.9 billion, while Nigeria operations saw an 82.4 per cent increase to ₦845.4 billion. Profits before tax jumped by 149 per cent to ₦730 billion, and PAT soared by 174.1 per cent to ₦520.5 billion.

    Dangote Cement remains Africa’s largest cement producer, with a fully integrated quarry-to-customer model and a production capacity of 35.25Mta in Nigeria alone. Its facilities include: Obajana Plant (Kogi State): 16.25Mta across five lines; Ibese Plant (Ogun State); 12Mta across four lines; Gboko Plant (Benue State): 4Mta; Okpella Plant (Edo State): 3Mta

    Through strategic investments, the company has eliminated Nigeria’s reliance on imported cement and transformed the country into a net exporter of cement and clinker.

    Dangote Cement also operates across several African countries, including: Cameroon, Congo, Ghana, Ethiopia, Senegal, Sierra Leone, South Africa, Tanzania, Zambia and Côte d’Ivoire

  • Dangote Cement sets to commission 3Mta grinding plant in Côte d’Ivoire

    Dangote Cement sets to commission 3Mta grinding plant in Côte d’Ivoire

    Management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third quarter of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports.

    Chief Executive of Dangote Cement, Arvind Pathak, in a note to the Nigerian Stock Exchange, said the company is encouraged by the growth in its export business. He said: “Export volumes from Nigeria increased by 18.2%, with 18 successful clinker shipments made to Ghana and Cameroon. This demonstrates the growing importance of our pan-African footprint and our ongoing commitment to regional trade and self-sufficiency.”

    Arvind Pathak also revealed that the company’s strategic priorities focus on long-term value creation. He said Dangote Cement has made significant progress in further strengthening its cost architecture. “…During the period, we began the phased delivery of 1,600 additional CNG-powered trucks, which will significantly reduce our logistics costs and enhance environmental efficiency.”

    Commenting on the financials for the second quarter, which he said was built on the company’s strength, resilience, and adaptability amidst improvements in key macroeconomic indicators, he said the company’s focus on operational efficiency and cost containment is delivering tangible results. According to him: “Group EBITDA rose by an impressive 41.8% to ₦944.9 billion, while Group profit surged by 174.1%. This remarkable performance is a testament to our disciplined execution, strong cost leadership, and the strategic investments we have made over the years.”

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

    In addition, the company 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), Zambia (1.5Mta).

  • Feature- Clean Air Day: Dangote Cement reaching for the Blue Skies

    Feature- Clean Air Day: Dangote Cement reaching for the Blue Skies

    By Francis Awowole-Browne

    Air pollution has identified as one of the greatest environmental risk to human health with far-reaching impacts owing to its spread over long distances. In fact, it is estimated that no fewer than seven million people die prematurely every year worldwide, according to World Health Organization (WHO). The deaths occasioned by complications arising from respiratory problems, heart disease and cancer, all traced to polluted air.

    Given the significance of casualties from air pollution, the United Nations earmarked every September 7 as International Day of Clean Air for the Blue Skies. Air Pollution is a major environmental problem that affects people all over the world, therefore it calls for the need for strong partnership to stem the tide of air pollution and its attendant effect on human, hence the theme for this year’s Day “Together for Clean Air”.

    The transboundary nature of air pollution calls for concerted efforts and this was why this year’s theme focused on alliances, shared responsibilities and increased investments to protect the earth from fouled atmospheric condition and have healthy and clean air for all.

    It is on this premise that leading Africa Cement manufacturer, Dangote Cement Plc joined the rest of the world to mark this year’s Clean Air Day through creation of awareness on the dangers of polluted air, the importance of clean air for health, productivity, the economy, the environment and the strategies for achieving clean air both as an individual and as an organization. This is because, air pollution manifests in dual fold of health and climate impacts.  The Day was marked across the three plants of the Company in Nigeria and pan-African.

    The health impact of air pollution consists in tiny, microscopic particles which penetrate deep into human lungs, bloodstream and bodies. These pollutants are responsible for about one-third of deaths from stroke, chronic respiratory disease, and lung cancer, as well as one quarter of deaths from heart attack.

    On the other hand, the Climatic impact consists of pollutants with a high global warming potential and harm people, ecosystems, and agricultural productivity. They are also responsible for up to 45% of current much touted global warming.

    With this view, Dangote Cement, a notable Champion of climate change segmented its Cean Air Day activities with each plant and its Corporate centre marking the Day in style. As part of the activities to mark the Day at the Global Headquarter of the Cement company in Lagos, the Occupational Health Safety & Environment (OHS&E) department led by Satya Prakash organized a webinar involving stakeholders from the renewable energy private sector, Arnergy and National Environmental Standard and Regulations Enforcement Agency (NESREA), a government agency, who spoke on the roles of Individuals, industry, and regulators in achieving clean air.

    Omobola Omofaiye, the Chief Commercial Officer of Arnergy, analyzed the air quality index explaining that Air Quality connotes how clean and suitable the air is for humans and the environment and that good air quality indicates the air is free from pollution, while the Air Quality Index is a public measure of the dangers of air pollution.

    According to her, Air Quality Index has six categories representing different levels of health concern ranging from good, moderate, unhealthy for Sensitive Groups, Unhealthy and Hazardous noting that Greenhouse gas emission constitute the major cause of air pollution of the ecosystem.

    She said the Nigeria eco system is impacted negatively by the heavy reliance on fossil fuel for power generation and quoted the African Development Bank as estimating that Nigerians spend $14bn fuelling petrol or diesel-powered generators and over 40% of Nigerian households owning fuel generators and bear the associated costs according to Stears and Sterling report in June 2022

    Omofaiye posited that fossil fuel have an outsized negative impact on the environment. “The consumption of one litre of diesel emits, on average, 2.7kg of CO2. In addition to carbon monoxide, fossil fuel creates air pollutants and hazardous exhaust fumes.”

    She therefore canvassed for the use of easily accessible alternative fuel in Solar energy which is Clean energy source, highly reliable and accessible. “It can be offered as centralized or distributed systems with lithium battery energy storage system for commercial and residential use. It is built with embedded intelligence application for remote monitoring and energy management.

    At the industrial level, renewable energy expert listed other sources of clean energy as comprising of Biomass, Wind and Hydropower. Benefits of these clean alternative energy she stated include “the reduction in fossil fuel consumption; Reduced Greenhouse Gas emissions: The reduction in CO2 emissions from solar power generation helps combat climate change, which can exacerbate air quality issues through factors such as increased heatwaves and the formation of ground-level ozone; Decreased Indoor Air Pollution and Energy efficiency and lower waste generation.

    The concomitant effects of these alternatives, she pointed out are that they would aid the reduction in carbon emission and achievement of good air quality, leads to lower cost when compared with the cost of fossil-based generator and asides guaranteeing 24 hour stable business operations for productivity and reduction of operating expenses, they bring about compliance to regulatory emission standards and good corporate image.

    In his presentation, The Asst. Director & Head, Environmental Quality Management of NESREA, Mr. Usman Musa appreciated Dangote Cement for the initiative which supports the regulation of air quality in Nigeria as cement production process worldwide contains primary air pollutant sources.

    From the regulatory point, Musa highlighted some regulatory measures which he said are targeted at preventing and minimizing pollution from all operations and ancillary activities of the industrial sector players.

    Part of the measures are the Environmental Impact Assessment (EIA) for new projects or modification including expansion of existing ones before commencement while existing industries are required to Submit Environmental Audit Reports (EAR) conducted by external consultants accredited by the Agency for existing industries every 3 years and Permit for Waste generation and Air Quality to be obtained every year.

    The Dangote Cement Plc, Group Head of OHS&E, Prakash in his own remark while stating Dangote Cement’s commitment to clean air  gave insights into eco-friendly activities the Cement Company had undertaken and still working on and which everyone can switch to in order to achieve less emissions of dust and GHGs to the air.

    At the Ibese, Ogun State plant of the Company, talks were held on achieving clean ambient air quality, air pollution crises, types of pollutants, and how to ensure cleaner air and blue skies. The awareness engagements on particulate and gaseous emission management (measurement, calculation, and control) involved staff across production, instrumentation, mechanical, electrical, OHS&E departments.

    At the Gboko, Benue state plant, the Clean Air Day was commemorated with presentation to the Plant Director (PD), Heads of Departments, Unit Heads, Staff and Drivers on the types of emissions present in the plant processes, the hazards to human health and abatement measures with emphasis on the proper use of Personal Protective Equipment (PPEs) and adherence to Dangote Health, Safety, Social and Environment golden rules.

    The Clean Air Day at Obajana, Kogi State held with discussions with personnels across production lines on their roles in controlling particulate matter and gaseous emissions whilst ensuring effective cement operations. The plant maintenance team was enlightened on the two-abatement technology that had been adopted – the electrostatic precipitator (ESP) and Bag Filter for the improvement of equipment maintenance for efficiency.

    Similar activities were held Okpella Cement plant in Edo state, with the sensitization of staff on poor air quality and the impact of the business on the environment during a safety gate meeting.

    The sensitization of management and frontline supervisors dwelled on the Importance of maintaining clean and healthy air which can be impacted by the different plant activities from clinker, and cement production to bagging and finally proper housekeeping. Management of plant then took a walk  to the emission-prone areas and location of emission control systems.

    The Dangote Cement’s pan-Africa operations in Zambia, Ethiopia, Tanzania, Cameroun and South Africa among others, the Clean Air Day activities were centered on prevention and reduction of air pollution to improve air quality. The operations staff had sessions on the high cost of air pollution to the society due to the negative impacts on the economy, work productivity, healthcare costs and tourism, among others.

  • Dangote, Sinoma Sign Agreement On new 6Mta Cement Plant In Itori, Ogun State

    Dangote, Sinoma Sign Agreement On new 6Mta Cement Plant In Itori, Ogun State

    Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, while China Sinoma Engineering was represented by its Group President, Yin Zhisong, and the company’s Chairman, Liu Renyue. 

    Dangote speaking at the signing ceremony, said that new integrated cement plant at completion will strengthen the local production capacity of Dangote Cement, bringing its local capacity to 41.25 million tons per annum and total African capacity to 57.6 million tons per annum. He said the Itori Cement Plant will also increase Nigeria’s capacity to export cement, thereby enabling more diversification and foreign exchange inflows for the economy.  

    According to Dangote, the project is further expected to develop the domestic economy through creation of thousands of indirect and direct jobs and drive economic development in the Itori axis. Ancillary businesses, he stated will be drawn to the axis, who will be seeking to take advantage of the location of the cement plant to provide goods and services to staff, contractors and other stakeholders.  

    He added that constructing the new cement plant is in line with Dangote Group’s vision of producing locally goods that were formally imported despite the abundance of raw materials for local production of such goods. 

    He described Sinoma as a strategic partner who has been instrumental to the success of key projects in Dangote Group. He said, “We are comfortable working with your company. You have handled some of our key projects and I am positive that this project will be completed as scheduled. 

    Group President of China Sinoma Engineering, Yin Zhisong, expressed satisfaction with the commitment and determination of the Dangote Group in building cement plants across Africa. He said: “It is an honour for us to build another cement plant for Dangote Group. We are proud and happy to be on this journey with the company again. 

    When operational, the plant is expected to have two Lines x 6,000 TPD Clinker Production with an installed daily total capacity of 12,000 TPD of Clinker production. It is expected to be completed within 27 months with best-in-class equipment in the cement industry, sourced from Europe’s major equipment suppliers. 

    The plant will have its own captive power plant to generate electric power for use by cement kilns and other production processes. 

    The Itori Cement Plant will be Dangote Cement’s fourth cement plant constructed as a green field project in Nigeria, the rest are Obajana, Ibese and Okpella Plants.  

    Dangote Cement is Africa’s leading cement producer with 51.6Mta production capacity across Africa with Nigeria accounting for 35.25Mta.   

    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.  

  • Q3: Dangote increases cement sales by 6.2% to 20.8mt as it embraces alternative fuel to cut cost

    Q3: Dangote increases cement sales by 6.2% to 20.8mt as it embraces alternative fuel to cut cost

    For the third quarter of 2022, the Management of Dangote Cement has recorded an increase in the overall volume of cement sales by 6.2 percent to 20.8metric tons. This was achieved despite the elevated inflation that is due to a very volatile global environment.

    To further increase the supply of cement across its operational base, the company has also commissioned its power plant at Okpella and is progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.

    Chief Executive Officer of Dangote Cement, Michel Puchercos, who disclosed this while presenting the third quarter results to the Nigerian Stock Exchange, over the weekend, further explained that “To mitigate the impact of the significant increase in energy and AGO costs, we are strengthening our efforts to ramp up the usage of alternative fuels. So far this year, we have co-processed 101,553 tonnes of waste representing a 77% increase over 9M 2021. We are on track to commission our Alternative Fuel feed system at Obajana lines I and V, and Ibese line II in November. In addition, we are ramping up our investment in Compressed Natural Gas (CNG), to reduce our AGO usage”

    To that end, he explained that the company recorded an increase in revenue of ₦1,177.3B, up 15.2% compared to last year, and Group EBITDA of ₦515.9B, up 0.2% with an EBITDA margin of 43.8%”

    Dangote Cement, it would be recalled is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has 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 while the Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta.  The Gboko plant in Benue state has 4Mta while the 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 serving neighbouring countries.   

  • Dangote Cement grosses N413.2bn revenue in the first 3 months

    Dangote Cement grosses N413.2bn revenue in the first 3 months

    In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period.

    Unaudited results for three months ended 31st March 2022, showed revenue of N413.2 billion and a profit after tax of ₦105.9 billion.

    Analysis of the cement giant’s three months results indicated that Dangote Cement sold a total volume of 7.2Mt of cement across the group with Nigerian operations accounting for 4.8Mt while the rest of Africa did the balance of 2.4Mt.

    Chief Executive Officer, Dangote Cement, Michel Puchercos, in his comments, said that the company started the first quarter on a positive note despite the new uncertainties brought by a very volatile global environment. He stated that increases recorded in revenue and profitability drove strong cash generation across the Group. Profit after Tax rose to ₦105.9 billion, up 18 percent compared to last year while Group EBITDA rose to  ₦211.0 billion, by 18.6 percent with an EBITDA margin of 51.1 percent.

    Puchercos said, “On the operational side, we are ramping up production at our Okpella plant and are progressing well to deploy grinding plants in Ghana and Cote d’Ivoire. Demand remained strong across all markets, and we remain confident that Dangote Cement is positioned to meet customers’ expectations despite these temporary challenges.

    Continuing our efforts to deliver shareholder value, Dangote Cement completed the second tranche of its buyback programme. Following the completion of both tranches, Dangote Cement has now bought back 0.98% of its shares outstanding. This share buy-back programme reflects the Company’s commitment to finding opportunities beyond dividend to return cash to shareholders.”

    Puchercos added, “the volatile international context is strengthening our efforts to ramp up the usage of alternative fuels and execution of our export-to-import strategy. Reducing our dependence on imported inputs and making our markets self-sufficient has never been more relevant from a regional perspective.

    Our continuous focus on efficiency, meeting strong market demand and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders.”

    Dangote Cement is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. The 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 while 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 serving neighbouring countries. 

  • Q1: Dangote Cement ramps-up production at Okpella plant

    Q1: Dangote Cement ramps-up production at Okpella plant

    …as earnings per share hit ₦6.18

    Africa’s biggest cement manufacturer, Dangote Cement, has ramped up production at its newest plant, in Okpella Edo State even as its earnings per share rose by 16.8 percent to N6.18 in the three months ended March 31, 2022. Ramping up production at the Okpella plant is part of efforts to increase cement supply in Nigeria as well as ensure timely supply of products to customers in the South-South and Southeast geopolitical regions.

    Analysis of the cement giant’s three months results indicated that Dangote Cement sold a total volume of 7.2Mt of cement across the group with Nigerian operations accounting for 4.8Mt while the rest of Africa did the balance of 2.4Mt.

    Chief Executive Officer, Dangote Cement, Michel Puchercos, in his comments, said that the company started the first quarter on a positive note despite the new uncertainties brought by a very volatile global environment. He stated that those increases were recorded in revenue and profitability that drove strong cash generation across the Group. Profit after Tax rose to of ₦105.9 billion, up 18 percent compared to last year while Group EBITDA rose to  ₦211.0 billion, by 18.6 percent with an EBITDA margin of 51.1 percent.

    Puchercos said, “On the operational side, we are ramping up production at our Okpella plant and are progressing well to deploy grinding plants in Ghana and Cote d’Ivoire. Demand remained strong across all markets, and we remain confident that Dangote Cement is positioned to meet customers’ expectations despite these temporary challenges.

    Continuing our efforts to deliver shareholder value, Dangote Cement completed the second tranche of its buyback programme. Following the completion of both tranches, Dangote Cement has now bought back 0.98% of its shares outstanding. This share buy-back programme reflects the Company’s commitment to finding opportunities beyond dividend to return cash to shareholders.”

    Puchercos added, “the volatile international context is strengthening our efforts to ramp up the usage of alternative fuels and execution of our export-to-import strategy. Reducing our dependence on imported inputs and making our markets self-sufficient has never been more relevant from a regional perspective.

    Our continuous focus on efficiency, meeting strong market demand, and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders.”

    Dangote Cement is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa. A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. The 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 while the 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 serving neighbouring countries.