Aliko Dangote retires as Dangote Sugar Chairman, Arnold Ekpe takes helm

Nigerian billionaire, Aliko Dangote has stepped down as Chairman of Dangote Sugar Refinery Plc after a transformative 20-year tenure, the company announced today. The retirement, effective June 16, 2025, marks the end of an era for Nigeria’s sugar industry leader, with Arnold Ekpe, a seasoned banking executive, appointed as the new chairman.

Dangote, a founding director, has been instrumental in driving the company’s growth, steering major Backward Integration Projects in Adamawa, Taraba, and Nasarawa States to bolster domestic sugar production. “His strategic vision and leadership shaped our corporate culture and market dominance,” said Temitope Hassan, Company Secretary, in a statement. Dangote’s focus on robust governance and shareholder value cemented the company’s position as a powerhouse in Nigeria’s agribusiness sector.

Reflecting on his legacy, Dangote expressed pride in the company’s achievements. “Building Dangote Sugar into a market leader has been a privilege. I’m confident in the foundation we’ve laid for sustained growth,” he said. Industry observers credit his strategic foresight for navigating economic challenges and expanding the company’s footprint.

Arnold Ekpe, an Independent Non-Executive Director, assumes the chairmanship with a wealth of experience from senior roles in banking and corporate leadership. “I’m honored to lead Dangote Sugar into its next chapter,” Ekpe said. “We will build on Aliko’s legacy, driving innovation and stakeholder value in a dynamic market.” His expertise in governance and strategic planning is expected to guide the company through Nigeria’s evolving economic landscape.

As Dangote Sugar Refinery transitions, analysts anticipate Ekpe will leverage his financial acumen to strengthen the company’s market position. The leadership change signals a new phase of growth, with all eyes on Ekpe’s strategy to sustain Dangote Sugar’s dominance.