News
2023: Dangote Cement increases shareholder’s dividend by 50%, to N30 per share

…sales from African subsidiaries rose by 12.7%
Nasiru Yusuf Ibrahim
In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote Cement, Plc, the company’s Management for the year ended December 31, 2023, has proposed an increase in the dividend payout to the shareholders, by 50 percent, to N30 per share.
KANO FOCUS reports that the proposed increase in dividend is subject to ratification by the shareholders at the forthcoming, AGM. Proposing a dividend of N30 per share at a period when many firms are declaring losses is an indication of the resilience of Dangote Cement and the prospects it holds for investors.

A breakdown of the results indicated that Africa’s largest cement manufacturer recorded improvement in all performance measurement indicators with group revenue rising by 36.4 percent to ₦2,208.1 billion while Profit after tax (PAT) was up by 19.2 percent to ₦455.6 billion. Earnings per share went up by 18.8 percent at ₦26.47.
Dangote Cement is garnering more market share across the continent with pan-Africa volumes going up by 12.7 percent to 11.3Mt.
Group Managing Director, Dangote Cement, Arvind Pathak speaking on the results said “This positive full-year outcome is a combination of the strength in the diversity of our operations across Africa and our sustained drive to contain cost amidst an accelerating inflationary environment. The Group achieved double-digit growth in revenue at ₦2,208.1 billion, while Group EBITDA reached a record high, increasing 25.1 percent to ₦886.0 billion.
Despite the challenging macroeconomic conditions, 2023 was yet another testament to the effectiveness of our diversification strategy. Our diverse operations acted as a cushion, providing resilience to country-specific risks. Pan-African volumes were up 12.7 percent and now account for 41.2 percent of Group volume. Consequently, pan-African revenue increased by a record 123.2 percent to ₦925.9 billion, while EBITDA surged by over four-fold to ₦263.7 billion.”
He added, “In response to the heightened inflationary environment, we implemented new and innovative business strategies that helped to drive up revenues, contain costs, and protect margins. These initiatives included fuel mix optimisation, propelling the use of alternative fuels to replace more expensive fossil fuels. We also began the phased transition from diesel power trucks to full Compressed Natural Gas (CNG) trucks.
Looking ahead, following the commissioning of our 0.45Mta grinding plant in Takoradi, we are focusing on our “export to import” strategy in West and Central Africa, while concurrently optimising assets in Eastern Africa. Our strategy remains centered on enhancing our value proposition through the production of high-quality cement and delivering sustainable value to our stakeholders.”

Headlines
Governor Yusuf Champions Education, Resolves Certificate Crisis for Kano Graduates

Kano State Governor Abba Kabir Yusuf has emerged as a beacon of hope for graduates left stranded due to the previous administration’s negligence regarding academic certificates.
His determination to rectify these injustices has culminated in decisive actions to secure the future of Kano’s youth. Ibrahim Adam, the Special Adviser to the Governor on Information, shared these developments with the media.
On December 9, 2024, Governor Yusuf traveled to Cyprus with a mission to obtain the overdue academic certificates for Kano students affected by the prior administration’s failure to meet its educational financial obligations.
During a critical meeting with the management of Near East University, the governor focused on facilitating the release of certificates for students who graduated between 2015 and 2019, particularly in essential fields like Medicine and Nursing.
This was confirmed by Sunusi Bature Dawakin Tofa, the governor’s spokesperson.

In a significant move, Governor Yusuf has settled the outstanding fees of €1.4 million (approximately ₦2.5 billion) owed to the university for 84 medical and2015 to 2019.
This substantial financial commitment honors the dedication and hard work of these graduates, restoring their hopes for a future that had previously been unjustly delayed.
According to Ibrahim Adam, the certificates are set to be handed over to the Kano State Scholarship Board through the Nigerian Ambassador to Turkey, marking a pivotal moment for the affected students.
Governor Yusuf acknowledged the challenges faced by the graduates, declaring, “This situation has been a significant setback for our children, hindering their dreams and aspirations, and it has also affected our state, which is in dire need of their expertise.”
His vision for a prosperous Kano is centered on prioritizing education, ensuring that talented individuals can make valuable contributions to the state’s advancement.
The governor’s proactive measures not only address the systemic issues in the education sector but also inspire renewed hope among Kano’s youth.
By fulfilling his promises, he emphasizes the crucial role of supporting young people in achieving their aspirations, which is vital to the state’s growth.
As this milestone is celebrated, it is evident that Governor Abba Kabir Yusuf’s relentless pursuit of educational reform signals a transformative era for Kano State.
His administration’s unwavering focus on education stands as a vital investment in the futures of individuals and the overall development of the state.
Under his leadership, Kano State is poised to realize its full potential, with eager graduates ready to make impactful contributions to their communities.
Governor Yusuf’s commitment to empowering the youth serves as an enduring reminder that with dedication and decisive action, a brighter future is attainable for all.

Headlines
Governor Yusuf Bags Vanguard’s 2024 Good Governance Award

Mukhtar Yahya Usman
Kano State Governor, Alhaji Abba Kabir Yusuf, has been named Governor of the Year 2024 (Good Governance) by Vanguard Newspaper, in recognition of his transformative achievements in the education and healthcare sectors.
The recognition was announced in a statement issued by the Governor’s spokesperson, Sanusi Bature Dawakin Tofa, on Saturday.
Governor Yusuf received the award at a prestigious event held in Lagos, where eminent personalities from across the country were honoured for excellence in leadership and service.
Speaking at the ceremony, the Chairman of the occasion, Atedo Peterside, emphasized that the selection process was based on merit and verifiable impact, commending the awardees for their outstanding contributions to national development.

Vanguard’s Editor-in-Chief, Eze Anaba, praised Governor Yusuf for setting a high standard in governance through his commitment, innovation, and focus on people-centered policies.
In his remarks, Governor Yusuf expressed gratitude to Vanguard for the recognition, dedicating the award to the people of Kano State.
He reaffirmed his administration’s resolve to continue investing in sectors that directly impact the lives of citizens, especially education, health, and social welfare.
Other recipients of the Good Governance Award included Governors Umar Namadi (Jigawa), Charles Soludo (Anambra), Douye Diri (Bayelsa), Biodun Oyebanji (Ekiti), Sheriff Oborevwori (Delta) and Hope Uzodinma (Imo).
Governor Yusuf was accompanied to the ceremony by members of the State Executive Council, lawmakers, special advisers, local government chairmen, and close political allies.
This latest honour comes just four days after he received the Governor of the Year (Education) award from Leadership Newspaper.
The Governor is also scheduled to receive the Africa Good Governance Award from Heritage Times Magazine later this month in Morocco.

Headlines
Kano Tops Nigeria’s Zero-Dose Immunization List as Boost Project Targets Urgent Action

By Aminu Abdullahi Ibrahim
Kano State has the highest number of zero-dose immunization cases in Nigeria, with 15 local government areas (LGAs) identified as high-burden, according to Save the Children.
This alarming figure has prompted the launch of targeted interventions under the Boost Project, a collaborative initiative by Save the Children and GSK aimed at reducing the number of zero-dose and under-immunized children in the country.
During an engagement meeting held on Thursday with the Kano State Community of Practice (CoP) on Immunization, stakeholders renewed commitments to tackling the issue.
The project is currently being implemented in Kano and Lagos States, with focused interventions in Ungogo and Gezawa LGAs, which are among the most affected areas in Kano.

Speaking at a media and civil society dialogue, Taiwo Folake, Coordinator of the Boost Project, emphasized the critical role of public engagement in reversing the trend.
She called for increased media support to drive awareness and community action on immunization.
Folake explained that the Boost Project works closely with state and local governments, traditional and religious leaders, and caregivers to ensure that children who have never received routine vaccines are reached, while also reintegrating those who have dropped out of immunization schedules.
Dr. Itunu Dave Agbola, Policy and Advocacy Coordinator of the project, said the initiative is also focused on improving domestic resource mobilization for immunization funding, strengthening governance, and developing a Kano-specific immunization policy to enhance planning, funding allocation, and accountability.
She noted that building trust through community leadership is vital for vaccine acceptance.
Also speaking, Salisu Yusuf, Co-Chair of the Kano CoP on Immunization, reiterated the group’s commitment to working with all stakeholders to reduce the number of high-burden LGAs.
He dismissed widespread misconceptions about vaccine safety, assuring that vaccines are safe and scientifically approved.
Yusuf pledged to intensify sensitization efforts through media outreach, house-to-house campaigns, and community meetings.
The meeting marks a renewed drive to improve immunization coverage in Kano State, with a strong emphasis on reaching vulnerable and underserved communities.
